Nivea Maker Beiersdorf Cuts Guidance for 2026, Citing Market Conditions
Beiersdorf trimmed its full-year guidance on Monday on slower-than-expected recovery at its core brand Nivea and other economic headwinds.
acquisition
News & Analysis
Coach to Buy Kate Spade for $2.4 Billion
After much speculation, handbag maker Coach Inc said it would buy Kate Spade & Co for $2.4 billion as it looks to tap the smaller rival's popularity among millennials.
Coach to Buy Kate Spade for $2.4 Billion
After much speculation, handbag maker Coach Inc said it would buy Kate Spade & Co for $2.4 billion as it looks to tap the smaller rival's popularity among millennials.
News & Analysis
The Top 10 Venture-Backed Fashion Startups
As a spate of disruptive startups inch toward a decade in business, those being disrupted are increasingly turning to acquisitions to better secure their futures. BoF identifies the top targets.
The Top 10 Venture-Backed Fashion Startups
As a spate of disruptive startups inch toward a decade in business, those being disrupted are increasingly turning to acquisitions to better secure their futures. BoF identifies the top targets.
News & Analysis
Coach Banks on Acquisitions to Expand Roster of Brands
With a war chest of more than $1.8 billion in cash, CEO Victor Luis has let it be known that he’s interested in purchasing handbag, accessories, footwear and outerwear brands.
Coach Banks on Acquisitions to Expand Roster of Brands
With a war chest of more than $1.8 billion in cash, CEO Victor Luis has let it be known that he’s interested in purchasing handbag, accessories, footwear and outerwear brands.
Luxury
Breitling Agrees to Sell to CVC in $870 Million Deal
Breitling is one of the last remaining large independent Swiss watch brands while many others have been acquired by competitors such as Swatch Group, Richemont, LVMH and Kering.
Breitling Agrees to Sell to CVC in $870 Million Deal
Breitling is one of the last remaining large independent Swiss watch brands while many others have been acquired by competitors such as Swatch Group, Richemont, LVMH and Kering.
Financial Markets
Op-Ed | Breitling's Deal Hits on a Stretch of Good Timing
The Swiss watchmaker's family owners have done well to get a deal at all. At least by keeping a 20 percent stake, they won't be shut out from all the upside.
Op-Ed | Breitling's Deal Hits on a Stretch of Good Timing
The Swiss watchmaker's family owners have done well to get a deal at all. At least by keeping a 20 percent stake, they won't be shut out from all the upside.
News & Analysis
LVMH Takes Control of Christian Dior in $13 Billion Deal
The two-part deal will give LVMH full control over the Christian Dior Couture business, which has an enterprise value of €6.5 billion.
LVMH Takes Control of Christian Dior in $13 Billion Deal
The two-part deal will give LVMH full control over the Christian Dior Couture business, which has an enterprise value of €6.5 billion.
News & Analysis
Jimmy Choo Owner JAB Puts Luxury Shoe Brands Up For Sale
JAB has expanded a push into non-luxury areas focusing on its growing food and coffee operations, while seeking to benefit from a rebound in sales of luxury footwear and accessories.
Jimmy Choo Owner JAB Puts Luxury Shoe Brands Up For Sale
JAB has expanded a push into non-luxury areas focusing on its growing food and coffee operations, while seeking to benefit from a rebound in sales of luxury footwear and accessories.
Beauty
Report: L'Oreal Rounds Up Bidders for Body Shop Auction
The French giant is reported to have chosen Brazilian cosmetics firm Natura Cosmeticos as well as a number of firms like CVC Capital Partners and Investindustrial Advisors for the next round of auction for its Body Shop business.
Report: L'Oreal Rounds Up Bidders for Body Shop Auction
The French giant is reported to have chosen Brazilian cosmetics firm Natura Cosmeticos as well as a number of firms like CVC Capital Partners and Investindustrial Advisors for the next round of auction for its Body Shop business.
Retail
Kate Spade's Position Weakens as It Explores Sale
The New York-based handbag maker's first quarterly sales decline in almost eight years couldn’t have come at a worse time, weakening its bargaining power in an eventual sale.
Kate Spade's Position Weakens as It Explores Sale
The New York-based handbag maker's first quarterly sales decline in almost eight years couldn’t have come at a worse time, weakening its bargaining power in an eventual sale.
China
Shares of Chinese Shoe Retailer Belle Halted Amidst Buyout Rumours
The potential buyout of the $5.7 billion women's footwear retailer by CDH Investments Fund Management Co. could be the largest-ever deal for a Hong Kong-listed consumer company.
Shares of Chinese Shoe Retailer Belle Halted Amidst Buyout Rumours
The potential buyout of the $5.7 billion women's footwear retailer by CDH Investments Fund Management Co. could be the largest-ever deal for a Hong Kong-listed consumer company.
News & Analysis
Walmart's Push to Boost Online Fashion Presence With Acquisitions
A Bonobos deal would mark the company's fourth acquisition of a small online clothing-and-accessories brand since the start of 2017.
Walmart's Push to Boost Online Fashion Presence With Acquisitions
A Bonobos deal would mark the company's fourth acquisition of a small online clothing-and-accessories brand since the start of 2017.
News & Analysis
Report: Walmart in Advanced Talks to Buy Bonobos
Wal-Mart and Bonobos have agreed on a price and the deal is in final due diligence, according to a report on Recode.
Report: Walmart in Advanced Talks to Buy Bonobos
Wal-Mart and Bonobos have agreed on a price and the deal is in final due diligence, according to a report on Recode.
The News in Brief
Soshe Launches at Ulta Beauty
The refillable clean makeup brand will enter the complexion category as it makes its debut across over 700 Ulta Beauty doors.
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.
GLP-1 and Cosmeceutical Skincare Usage Spike Bathroom Mini Fridge Demand
As shoppers incorporate weight-loss drugs and more sophisticated skincare into their daily routines, a cottage industry is growing.
The Met’s Next Fashion Blockbuster Will Spotlight Galliano
The fashion icon, as famous for his singular talent as a scandal that cost him one of the industry’s top jobs, will become one of only three living designers to get a major solo exhibition at the museum.
Abbvie Earnings Beat Estimates as Botox Shows Signs of Revival
Abbvie reported second quarter profit and sales that topped expectations, driven by strong demand across its immunology and neuroscience franchises and further signs of a recovery in Botox.
Puma Results Show Progress on Turnaround
The German sports brand posted a narrower loss in the second quarter as it pushed ahead with an effort to restore growth next year.
DSM-Firmenich’s Fragrance-Led Core Profit Beat Sends Shares Higher
DSM-Firmenich beat market expectations for second-quarter core earnings, said full-year sales growth should reach the upper end of its target range on the back of broad-based volume growth.