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.
acquisition
Luxury
LVMH vs Tiffany: Deal or No Deal?
The largest acquisition in the history of the luxury goods sector is collapsing, setting up what could be the biggest luxury M&A battle of all time. BoF lays out five possible outcomes.
LVMH vs Tiffany: Deal or No Deal?
The largest acquisition in the history of the luxury goods sector is collapsing, setting up what could be the biggest luxury M&A battle of all time. BoF lays out five possible outcomes.
Luxury
LVMH Is Calling Off Its Tiffany Mega-Deal. What Now?
Tiffany is suing the luxury giant, which said it won't close what was meant to be luxury's biggest-ever acquisition after French government intervention. But it’s possible the parties will find a new agreement next year, or that another suitor emerges.
LVMH Is Calling Off Its Tiffany Mega-Deal. What Now?
Tiffany is suing the luxury giant, which said it won't close what was meant to be luxury's biggest-ever acquisition after French government intervention. But it’s possible the parties will find a new agreement next year, or that another suitor emerges.
Luxury
The Vampire’s Wife Plots Expansion Plan With a Surprising Investor
Jimmy Iovine and Liberty Ross have taken a majority stake in designer Susie Cave's bewitching dress line, which has found success outside the traditional fashion system. Can one of the music industry’s most legendary talent scouts help scale the business?
The Vampire’s Wife Plots Expansion Plan With a Surprising Investor
Jimmy Iovine and Liberty Ross have taken a majority stake in designer Susie Cave's bewitching dress line, which has found success outside the traditional fashion system. Can one of the music industry’s most legendary talent scouts help scale the business?
Retail
EssilorLuxottica Remains Committed to $8 Billion GrandVision Deal
Despite recent deals falling apart, EssilorLuxottica is committed to its acquisition of Netherlands-based optical retailer GrandVision.
EssilorLuxottica Remains Committed to $8 Billion GrandVision Deal
Despite recent deals falling apart, EssilorLuxottica is committed to its acquisition of Netherlands-based optical retailer GrandVision.
News & Analysis
Can Fashion Really Change?
This week, everyone will be talking about whether the fashion industry can truly change its approach to race, LVMH's rocky path to acquiring Tiffany and London's all-digital fashion week. Get your BoF Professional Cheat Sheet.
Can Fashion Really Change?
This week, everyone will be talking about whether the fashion industry can truly change its approach to race, LVMH's rocky path to acquiring Tiffany and London's all-digital fashion week. Get your BoF Professional Cheat Sheet.
Retail
Sycamore Partners in Talks to Buy J.C.Penney, Sources Say
J.C.Penney is also reportedly in touch with some of its landlords, including Brookfield Asset Management Inc and Simon Property Group, about possible transactions.
Sycamore Partners in Talks to Buy J.C.Penney, Sources Say
J.C.Penney is also reportedly in touch with some of its landlords, including Brookfield Asset Management Inc and Simon Property Group, about possible transactions.
Luxury
LVMH Won't Renegotiate Tiffany Deal, Sources Say
LVMH Chief Executive Bernard Arnault was reportedly in talks with his advisers this week to identify ways to pressure Tiffany to lower the agreed price of $135-per-share.
LVMH Won't Renegotiate Tiffany Deal, Sources Say
LVMH Chief Executive Bernard Arnault was reportedly in talks with his advisers this week to identify ways to pressure Tiffany to lower the agreed price of $135-per-share.
Retail
Victoria’s Secret Owner and Sycamore Cancel Deal
The agreement brings an abrupt end to one of the highest-profile deals this year in the retail world and charts an uncertain path for a storied American brand.
Victoria’s Secret Owner and Sycamore Cancel Deal
The agreement brings an abrupt end to one of the highest-profile deals this year in the retail world and charts an uncertain path for a storied American brand.
Retail
The Big Keep Getting Bigger in the Pandemic-Rearranged Economy
Antitrust experts fear that as the largest companies increase market shares, decimated firms might disappear or have little choice but to sell out at fire-sale prices — and that lawmakers will be under pressure not to stand in the way as the economy struggles to recover.
The Big Keep Getting Bigger in the Pandemic-Rearranged Economy
Antitrust experts fear that as the largest companies increase market shares, decimated firms might disappear or have little choice but to sell out at fire-sale prices — and that lawmakers will be under pressure not to stand in the way as the economy struggles to recover.
Retail
Brooks Brothers Looks for a Buyer as Wall Street Works From Home
Even though its affluent clientele has little need for new suits at the moment, the brand’s history and cachet have elicited interest.
Brooks Brothers Looks for a Buyer as Wall Street Works From Home
Even though its affluent clientele has little need for new suits at the moment, the brand’s history and cachet have elicited interest.
Retail
What the Potential End of the Victoria’s Secret Deal Means for Retail M&A
The pandemic is a goldmine for opportunistic acquisitions, but not all challenged mall brands are created equal.
What the Potential End of the Victoria’s Secret Deal Means for Retail M&A
The pandemic is a goldmine for opportunistic acquisitions, but not all challenged mall brands are created equal.
Retail
Sycamore Partners Seeks to End Victoria's Secret Acquisition Deal
The firm argued in a filing that parents L Brands has eroded the value of the lingerie seller by furloughing staff and missing rent payments.
Sycamore Partners Seeks to End Victoria's Secret Acquisition Deal
The firm argued in a filing that parents L Brands has eroded the value of the lingerie seller by furloughing staff and missing rent payments.
The News in Brief
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.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.