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.
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
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.