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
Financial Markets
Hudson’s Bay Rejects $1.5 Billion Bid From Catalyst Capital
The response is the latest twist in the battle for the struggling retailer, which Chairman Richard Baker said he wants to turn around outside the glare of public markets.
Hudson’s Bay Rejects $1.5 Billion Bid From Catalyst Capital
The response is the latest twist in the battle for the struggling retailer, which Chairman Richard Baker said he wants to turn around outside the glare of public markets.
Luxury
LVMH Buys Tiffany in $16 Billion Deal
The French luxury conglomerate is betting that it can restore shine to the faded American jeweller and boost its watches and jewellery division.
LVMH Buys Tiffany in $16 Billion Deal
The French luxury conglomerate is betting that it can restore shine to the faded American jeweller and boost its watches and jewellery division.
Financial Markets
Carlyle Is Said to Weigh Bid for Dr. Martens
The British bootmaker is owned by Permira, which is targeting an exit in 2020 via sale or IPO, according to reports.
Carlyle Is Said to Weigh Bid for Dr. Martens
The British bootmaker is owned by Permira, which is targeting an exit in 2020 via sale or IPO, according to reports.
Beauty
Unilever and Henkel Among Expected Bidders for Coty's $7 Billion Professional Brand Portfolio
Consumer goods companies and private equity firms are set to enter a bidding war for Coty's pro brands, including Wella and OPI.
Unilever and Henkel Among Expected Bidders for Coty's $7 Billion Professional Brand Portfolio
Consumer goods companies and private equity firms are set to enter a bidding war for Coty's pro brands, including Wella and OPI.
Retail
Hudson’s Bay Chair to Receive $11 Million Payout In Takeover
The company agreed to sell itself to the group of investors led by Richard Baker last month after the buyers agreed to increase the takeover price to C$1.9 billion.
Hudson’s Bay Chair to Receive $11 Million Payout In Takeover
The company agreed to sell itself to the group of investors led by Richard Baker last month after the buyers agreed to increase the takeover price to C$1.9 billion.
Luxury
Paula Cademartori Parts Ways With OTB Group
The Italian-Brazilian accessories brand is ending its three-year partnership with Renzo Rosso’s group by mutual consent.
Paula Cademartori Parts Ways With OTB Group
The Italian-Brazilian accessories brand is ending its three-year partnership with Renzo Rosso’s group by mutual consent.
Luxury
What LVMH Stands to Gain From Buying Tiffany
An acquisition could make sense for both the luxury conglomerate and the American jeweller, but it wouldn’t be without its challenges.
What LVMH Stands to Gain From Buying Tiffany
An acquisition could make sense for both the luxury conglomerate and the American jeweller, but it wouldn’t be without its challenges.
Retail
Why Kith's First Investor Hasn't Given Up on Saving Barneys
With support from retail industry veterans including Andrew Rosen and billionaire Ron Burkle, Sam Ben-Avraham has raised $300 million for a competing bid against ABG and has his sight set on restoring Barneys to its former glory as New York’s coolest retailer.
Why Kith's First Investor Hasn't Given Up on Saving Barneys
With support from retail industry veterans including Andrew Rosen and billionaire Ron Burkle, Sam Ben-Avraham has raised $300 million for a competing bid against ABG and has his sight set on restoring Barneys to its former glory as New York’s coolest retailer.
Beauty
Why Shiseido Bought Drunk Elephant
The Japanese beauty giant will purchase the clean skincare brand for $845 million, adding to a prestige portfolio that includes Shiseido, Nars, Clé de Peau Beauté and Laura Mercier.
Why Shiseido Bought Drunk Elephant
The Japanese beauty giant will purchase the clean skincare brand for $845 million, adding to a prestige portfolio that includes Shiseido, Nars, Clé de Peau Beauté and Laura Mercier.
News & Analysis
Farfetch: Relationship with Off-White Will Last At Least Through 2026
The luxury marketplace acquired New Guards Group, the Milanese company which operates but does not own Virgil Abloh’s brand, in August to control its retail sales online.
Farfetch: Relationship with Off-White Will Last At Least Through 2026
The luxury marketplace acquired New Guards Group, the Milanese company which operates but does not own Virgil Abloh’s brand, in August to control its retail sales online.
News & Analysis
Great Bowery Acquires Coveteur
The network of agencies founded by Matthew Moneypenny, who exited two years ago, is acquiring the fashion and lifestyle digital media company to better compete in the evolving talent representation business.
Great Bowery Acquires Coveteur
The network of agencies founded by Matthew Moneypenny, who exited two years ago, is acquiring the fashion and lifestyle digital media company to better compete in the evolving talent representation business.
News & Analysis
Amazon Nears Deal for Up to 10% of India’s Second-Largest Retailer
The e-commerce giant is in talks to acquire a 20 percent stake in the Mumbai-based retailer in a bid to increase Amazon's India presence.
Amazon Nears Deal for Up to 10% of India’s Second-Largest Retailer
The e-commerce giant is in talks to acquire a 20 percent stake in the Mumbai-based retailer in a bid to increase Amazon's India presence.
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.