Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Munich, Germany
News & Analysis
Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
Luxury
How Birkenstock Became a Luxury Target
L Catterton is reportedly the frontrunner to acquire the original anti-fashion shoe brand, which is reaping the rewards of shoppers’ pandemic-driven desire for casual comfort.
How Birkenstock Became a Luxury Target
L Catterton is reportedly the frontrunner to acquire the original anti-fashion shoe brand, which is reaping the rewards of shoppers’ pandemic-driven desire for casual comfort.
Financial Markets
Mytheresa Aiming for $1.58 Billion Valuation
The luxury e-tailer is offering 15.6 million shares on the New York Stock Exchange. In a statement on Tuesday, the company said it expects its share
Mytheresa Aiming for $1.58 Billion Valuation
The luxury e-tailer is offering 15.6 million shares on the New York Stock Exchange. In a statement on Tuesday, the company said it expects its share
Luxury
Report: Mytheresa Prepares for US IPO
The German e-commerce company plans to seek a valuation of about $1 billion to $1.5 billion, which could change based on holiday period performance, according to people familiar with the matter.
Report: Mytheresa Prepares for US IPO
The German e-commerce company plans to seek a valuation of about $1 billion to $1.5 billion, which could change based on holiday period performance, according to people familiar with the matter.
ADVERTISEMENT
Luxury
Report: MyTheresa to List on New York Stock Exchange
The luxury e-commerce platform's owner Neiman Marcus is working with Morgan Stanley on the planned listing, which could take place as early as April, according to people familiar with the matter.
Report: MyTheresa to List on New York Stock Exchange
The luxury e-commerce platform's owner Neiman Marcus is working with Morgan Stanley on the planned listing, which could take place as early as April, according to people familiar with the matter.
Retail
Can Mytheresa Bring Its Winning Streak to Menswear?
The German e-tailer has grown into a profitable $400 million business. Now, it’s hoping to crack the $32 billion menswear market.
Can Mytheresa Bring Its Winning Streak to Menswear?
The German e-tailer has grown into a profitable $400 million business. Now, it’s hoping to crack the $32 billion menswear market.
News & Analysis
Mytheresa Launches Kids
The Neiman Marcus-owned e-tailer is kicking off children’s clothing sales with 35 brands, including capsule collections from Gucci and Dolce & Gabbana.
Mytheresa Launches Kids
The Neiman Marcus-owned e-tailer is kicking off children’s clothing sales with 35 brands, including capsule collections from Gucci and Dolce & Gabbana.
News & Analysis
Rebooting Escada for a New Era
Tim Blanks gets a first look inside the reinvention of the former colossus ahead of its New York Fashion Week debut, designed by Niall Sloan and brought to life by a dream team of Pat McGrath, Guido Palau, Jacob K, Frederic Sanchez and Stefan Beckman.
Rebooting Escada for a New Era
Tim Blanks gets a first look inside the reinvention of the former colossus ahead of its New York Fashion Week debut, designed by Niall Sloan and brought to life by a dream team of Pat McGrath, Guido Palau, Jacob K, Frederic Sanchez and Stefan Beckman.
ADVERTISEMENT
News & Analysis
How Philipp Plein Made Bad Taste Big Business
The German designer’s over-the-top aesthetic has passionate devotees, but some are starting to say it’s too much.
How Philipp Plein Made Bad Taste Big Business
The German designer’s over-the-top aesthetic has passionate devotees, but some are starting to say it’s too much.
News & Analysis
MyTheresa Launches Print Magazine
Titled ‘The Album,’ the inaugural issue stars Gia Coppola on the cover, and features interviews with Natacha Ramsay-Levi , Dries van Noten and Kym Ellery.
MyTheresa Launches Print Magazine
Titled ‘The Album,’ the inaugural issue stars Gia Coppola on the cover, and features interviews with Natacha Ramsay-Levi , Dries van Noten and Kym Ellery.
Luxury
MyTheresa Founders Are Back With New Venture Martha Louisa
Munich’s Susanne and Christoph Botschen are betting on a new multi-brand footwear e-commerce venture. Can retail success strike twice?
MyTheresa Founders Are Back With New Venture Martha Louisa
Munich’s Susanne and Christoph Botschen are betting on a new multi-brand footwear e-commerce venture. Can retail success strike twice?
News & Analysis
Hemmerle, a Jeweller’s Jeweller
In a slow luxury jewellery market, a German company with no traditional sales channels has attracted attention for its unique strategy.
Hemmerle, a Jeweller’s Jeweller
In a slow luxury jewellery market, a German company with no traditional sales channels has attracted attention for its unique strategy.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.