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.
Miami, United States
Luxury
Why Fashion Needs the Art World More Than Ever
Art Basel Miami Beach has become a cultural tentpole that attracts America’s wealthiest and an evolving art customer base that may prove key in reversing the luxury downturn.
Why Fashion Needs the Art World More Than Ever
Art Basel Miami Beach has become a cultural tentpole that attracts America’s wealthiest and an evolving art customer base that may prove key in reversing the luxury downturn.
Retail
Saks Faces Eviction in Miami Over $1.9 Million in Unpaid Rent
The department store owner told its landlord this month that it couldn’t make lease payments due to the effects of the Covid-19 pandemic.
Saks Faces Eviction in Miami Over $1.9 Million in Unpaid Rent
The department store owner told its landlord this month that it couldn’t make lease payments due to the effects of the Covid-19 pandemic.
Luxury
The Art Basel Crowd Discovers Miami’s New Neighborhood
Allapattah, near the Miami River, saw flashy events during the fair and is the home of two vast, new arts institutions. Both were built by real estate investors.
The Art Basel Crowd Discovers Miami’s New Neighborhood
Allapattah, near the Miami River, saw flashy events during the fair and is the home of two vast, new arts institutions. Both were built by real estate investors.
Beauty
Nivea Owner Buys Coppertone Sun Care for $550 Million
Beiersdorf has agreed to buy Bayer's Coppertone brand of sun-care products, bolstering its line of skin creams that already includes the Nivea brand.
Nivea Owner Buys Coppertone Sun Care for $550 Million
Beiersdorf has agreed to buy Bayer's Coppertone brand of sun-care products, bolstering its line of skin creams that already includes the Nivea brand.
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News & Analysis
Perry Ellis Ends Deal Talks With Randa
Perry Ellis said the decision was made after a major licensor refused to consent to Randa's acquisition of the company.
Perry Ellis Ends Deal Talks With Randa
Perry Ellis said the decision was made after a major licensor refused to consent to Randa's acquisition of the company.
News & Analysis
Perry Ellis Receives Revised Buyout Offer from Randa
A special committee formed by Perry Ellis to evaluate the proposals said it would look into the offer, open talks with Randa and grant it due diligence access.
Perry Ellis Receives Revised Buyout Offer from Randa
A special committee formed by Perry Ellis to evaluate the proposals said it would look into the offer, open talks with Randa and grant it due diligence access.
News & Analysis
Randa Remains Committed to Buying Perry Ellis Despite Rejection
The men's accessories maker offered to buy Perry Ellis for $28 per share, 50 cents higher than the offer from Perry Ellis founder George Feldenkreis, which the company agreed to in June.
Randa Remains Committed to Buying Perry Ellis Despite Rejection
The men's accessories maker offered to buy Perry Ellis for $28 per share, 50 cents higher than the offer from Perry Ellis founder George Feldenkreis, which the company agreed to in June.
News & Analysis
Perry Ellis Advises Shareholders to Vote for Lower Buyout Offer From Founder
The company was put at the centre of an unexpected bidding war on Monday after Randa Accessories made a $444 million offer, higher than the $437 million offer from founder George Feldenkreis.
Perry Ellis Advises Shareholders to Vote for Lower Buyout Offer From Founder
The company was put at the centre of an unexpected bidding war on Monday after Randa Accessories made a $444 million offer, higher than the $437 million offer from founder George Feldenkreis.
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News & Analysis
Randa Accessories Makes Offer to Buy Perry Ellis
Randa's $28-per-share offer is 50 cents higher than a competing offer from the apparel brand's founder George Feldenkreis, and could derail Feldenkreis' deal to take the company private.
Randa Accessories Makes Offer to Buy Perry Ellis
Randa's $28-per-share offer is 50 cents higher than a competing offer from the apparel brand's founder George Feldenkreis, and could derail Feldenkreis' deal to take the company private.
News & Analysis
Perry Ellis to Be Taken Private by Founder in Deal With Fortress
Founder George Feldenkreis had said that going private would let the company take a long-term view to confront challenges facing the clothing industry.
Perry Ellis to Be Taken Private by Founder in Deal With Fortress
Founder George Feldenkreis had said that going private would let the company take a long-term view to confront challenges facing the clothing industry.
News & Analysis
Why American Express Is Evolving its Fashion Strategy
On the back of events with Drake, Virgil Abloh, Opening Ceremony and Made LA, American Express’s Janey Whiteside tells BoF how fashion’s rising cultural significance with consumers is informing its collaboration strategy.
Why American Express Is Evolving its Fashion Strategy
On the back of events with Drake, Virgil Abloh, Opening Ceremony and Made LA, American Express’s Janey Whiteside tells BoF how fashion’s rising cultural significance with consumers is informing its collaboration strategy.
Retail
Miuccia Prada’s ‘Blueprint for the Future’
Prada’s co-chief executive officer and lead creative director speaks to Tim Blanks as the Italian fashion house prepares to launch a major new store in Miami, set to serve as a template for the future.
Miuccia Prada’s ‘Blueprint for the Future’
Prada’s co-chief executive officer and lead creative director speaks to Tim Blanks as the Italian fashion house prepares to launch a major new store in Miami, set to serve as a template for the future.
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.