On Targets High-Teens Growth Through 2029
The Swiss brand revealed its plan to keep up its momentum with new products in sports such as golf and its Mbappé-supported entry into football ahead of its investor day Tuesday.
acquisition
Retail
Totokaelo Acquired by Herschel Supply Co. Owner
Young-luxury retailer Totokaelo, which opened an ambitious store in New York City last autumn, has entered into a deal with Vancouver-based Herschel Capital Corp., the owner of accessories brand Herschel Supply Co.
Totokaelo Acquired by Herschel Supply Co. Owner
Young-luxury retailer Totokaelo, which opened an ambitious store in New York City last autumn, has entered into a deal with Vancouver-based Herschel Capital Corp., the owner of accessories brand Herschel Supply Co.
News & Analysis
E-Land Sells Teenie Weenie to Chinese Label in $900 Million Deal
E-Land Group said it will sell Teenie Weenie to Chinese fashion house V-Grass Fashion Co. in a deal that reflects Chinese consumers’ shifting preference for more premium products.
E-Land Sells Teenie Weenie to Chinese Label in $900 Million Deal
E-Land Group said it will sell Teenie Weenie to Chinese fashion house V-Grass Fashion Co. in a deal that reflects Chinese consumers’ shifting preference for more premium products.
Technology
From Goldman to Google, Wal-Mart Hands Jet.Com’s Backers a Win
With Wal-Mart buying Jet.com for $3.3 billion, some of the biggest names on Wall Street and Silicon Valley from Goldman Sachs Group Inc. to Google’s venture arm are cashing in.
From Goldman to Google, Wal-Mart Hands Jet.Com’s Backers a Win
With Wal-Mart buying Jet.com for $3.3 billion, some of the biggest names on Wall Street and Silicon Valley from Goldman Sachs Group Inc. to Google’s venture arm are cashing in.
News & Analysis
Wal-Mart to Buy Jet.com to Compete with Amazon
Wal-Mart will buy Jet.com for about $3 billion, the largest-ever deal for an e-commerce startup, as it races to build a web business to compete with Amazon.
Wal-Mart to Buy Jet.com to Compete with Amazon
Wal-Mart will buy Jet.com for about $3 billion, the largest-ever deal for an e-commerce startup, as it races to build a web business to compete with Amazon.
Technology
Wal-Mart’s Deal for Jet.com Said to Hinge on Keeping Founder
Wal-Mart and Jet.com are trying to close a $3 billion acquisition that will require Jet founder Marc Lore to head the retailer’s online division for several years, according to people familiar with the matter.
Wal-Mart’s Deal for Jet.com Said to Hinge on Keeping Founder
Wal-Mart and Jet.com are trying to close a $3 billion acquisition that will require Jet founder Marc Lore to head the retailer’s online division for several years, according to people familiar with the matter.
News & Analysis
Wal-Mart in Talks to Buy Online Retailer Jet.com
Wal-Mart is in talks to buy online retailer Jet.com, the Wall Street Journal reported, citing people familiar with the matter.
Wal-Mart in Talks to Buy Online Retailer Jet.com
Wal-Mart is in talks to buy online retailer Jet.com, the Wall Street Journal reported, citing people familiar with the matter.
News & Analysis
Flipkart Buys Jabong to Expand Online Fashion Sales in India
Flipkart will buy Rocket Internet SE-backed online retailer Jabong for $70 million in cash to create India’s biggest fashion e-commerce business.
Flipkart Buys Jabong to Expand Online Fashion Sales in India
Flipkart will buy Rocket Internet SE-backed online retailer Jabong for $70 million in cash to create India’s biggest fashion e-commerce business.
News & Analysis
Hermès Takes Stake in Pierre Hardy
French luxury house Hermès Group has acquired a minority stake in footwear and accessory company Pierre Hardy, as it seeks to strengthen ties with its eponymous founder.
Hermès Takes Stake in Pierre Hardy
French luxury house Hermès Group has acquired a minority stake in footwear and accessory company Pierre Hardy, as it seeks to strengthen ties with its eponymous founder.
Beauty
Revlon’s Arden Deal Boosts Debt Now, Cuts Costs Later
The company is working to ensure the full realisation of the expected savings from the integration of Elizabeth Arden’s operating systems, but that will take time and represents a risk to investors, say analysts.
Revlon’s Arden Deal Boosts Debt Now, Cuts Costs Later
The company is working to ensure the full realisation of the expected savings from the integration of Elizabeth Arden’s operating systems, but that will take time and represents a risk to investors, say analysts.
Beauty
Insustrial Firm Sulzer Shares Soar After Expansion Into Cosmetics
Sulzer shares surged after the Swiss industrial company agreed to buy German mascara-brush maker Geka GmbH for $289 million in a bid to expand into cosmetics supplies from its main business of pumps for oil and mining.
Insustrial Firm Sulzer Shares Soar After Expansion Into Cosmetics
Sulzer shares surged after the Swiss industrial company agreed to buy German mascara-brush maker Geka GmbH for $289 million in a bid to expand into cosmetics supplies from its main business of pumps for oil and mining.
News & Analysis
Dick's Sporting Goods Set To Win Auction for Bankrupt Sports Authority
Dick's Sporting Goods is set to win the auction for the intellectual property of bankrupt competitor Sports Authority with a bid of $15 million, according to people familiar with the matter.
Dick's Sporting Goods Set To Win Auction for Bankrupt Sports Authority
Dick's Sporting Goods is set to win the auction for the intellectual property of bankrupt competitor Sports Authority with a bid of $15 million, according to people familiar with the matter.
Technology
Alipay Could Take Stake in Wirecard
Wirecard is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba, about it taking a stake of up to 25 percent in the German banking software company, a newspaper reported.
Alipay Could Take Stake in Wirecard
Wirecard is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba, about it taking a stake of up to 25 percent in the German banking software company, a newspaper reported.
The News in Brief
Reference Festival to Host ‘Freie Kunst’ Event at Art Basel Paris
The event runs from Oct. 22 to 25 and will mix participants from art, fashion, music and technology as part of the festival’s tradition of a ‘radical and unhinged exchange of ideas,’ said Mumi Haiati, founder of the event’s organiser Reference Studios.
Amazon Blocks Meta’s Muse AI Agent From Its Retail Site
The e-commerce giant prohibits other companies from deploying automated tools to shop its site and started blocking Meta’s Muse on Sunday night.
Dior to Host Cruise Show in Shanghai
The LVMH-owned megabrand will show its Cruise 2028 line in the Chinese fashion capital on May 14, 2027.
Oura Seeks $2.2 Billion in US IPO
The smart ring maker plans to market 50 million shares for $40 to $44 each, according to filings, which could value the company as high as $14.1 billion.
PR Agency CGC Launches Performance Media Division
Known for its premium beauty clients including Glossier and Hermès Beauty, the agency’s new division combines influencer marketing and AI insights.
The Commercial Case for Cooling Bangladesh’s Garment Factories
Investments to reduce heat stress for garment factory workers can pay for themselves within four years, a new report from Cornell University's Global Labor Institute finds.
Botswana Seeks Bigger De Beers Stake
Diamonds have underpinned the African country's economy since their discovery there in 1967.