Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.
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.
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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.
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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
Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.
Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.