L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
acquisition
News & Analysis
BlackRock Buys $875 Million Stake in Authentic Brands Group
The company's private equity vehicle struck its first deal, backing a company that manages brands including Juicy Couture, active-wear maker Spyder and leather-goods provider Frye Co.
BlackRock Buys $875 Million Stake in Authentic Brands Group
The company's private equity vehicle struck its first deal, backing a company that manages brands including Juicy Couture, active-wear maker Spyder and leather-goods provider Frye Co.
Luxury
Why Farfetch Bought New Guards Group
The luxury marketplace bought New Guards, which operates streetwear sensation Off-White, for a total value of $675 million and plans to tap into the group to launch 'brands of the future.' In after-hours trading, Farfetch shares plunged by over 40 percent, marking an all-time low for the stock.
Why Farfetch Bought New Guards Group
The luxury marketplace bought New Guards, which operates streetwear sensation Off-White, for a total value of $675 million and plans to tap into the group to launch 'brands of the future.' In after-hours trading, Farfetch shares plunged by over 40 percent, marking an all-time low for the stock.
News & Analysis
Barneys Considers Bankruptcy Loan With Great American Capital
Advisers to the high-fashion retailer held talks with the specialty finance firm, in addition to existing lenders at TPG Sixth Street Partners and Wells Fargo & Co., sources close to the matter said.
Barneys Considers Bankruptcy Loan With Great American Capital
Advisers to the high-fashion retailer held talks with the specialty finance firm, in addition to existing lenders at TPG Sixth Street Partners and Wells Fargo & Co., sources close to the matter said.
News & Analysis
Renzo Rosso’s OTB Increases Its Stake in Viktor & Rolf
The Italian fashion group that owns Diesel, Marni and Maison Margiela added to its existing investment in the brand founded by the Dutch design duo Viktor Horsting and Rolf Snoeren in 1993.
Renzo Rosso’s OTB Increases Its Stake in Viktor & Rolf
The Italian fashion group that owns Diesel, Marni and Maison Margiela added to its existing investment in the brand founded by the Dutch design duo Viktor Horsting and Rolf Snoeren in 1993.
News & Analysis
Why LVMH Struck a Deal with Stella McCartney
The ethical fashion label will hardly move the needle for LVMH, but could help the group boost its sustainability credentials, which are seen to be lagging arch rival and former owner Kering at a time when consumers and regulators are taking notice.
Why LVMH Struck a Deal with Stella McCartney
The ethical fashion label will hardly move the needle for LVMH, but could help the group boost its sustainability credentials, which are seen to be lagging arch rival and former owner Kering at a time when consumers and regulators are taking notice.
Beauty
Colgate to Buy Skincare Business of Laboratoires Filorga Cosmétiques for $1.69 Billion
The dental care company is looking to expand its presence in the high-margin personal care business.
Colgate to Buy Skincare Business of Laboratoires Filorga Cosmétiques for $1.69 Billion
The dental care company is looking to expand its presence in the high-margin personal care business.
Media
Stefano Tonchi Exits W After Acquisition by Surface Magazine Owner
Marc Lotenberg, chief executive and chairman of the newly formed Future Media Group, has named Style Director Sara Moonves editor-in-chief after acquiring the fashion magazine from Condé Nast.
Stefano Tonchi Exits W After Acquisition by Surface Magazine Owner
Marc Lotenberg, chief executive and chairman of the newly formed Future Media Group, has named Style Director Sara Moonves editor-in-chief after acquiring the fashion magazine from Condé Nast.
News & Analysis
SMCP Acquires French Men's Label De Fursac
With its first acquisition in a decade, SMCP intends to strengthen its footprint in the men’s market, which it is already developing through Sandro men.
SMCP Acquires French Men's Label De Fursac
With its first acquisition in a decade, SMCP intends to strengthen its footprint in the men’s market, which it is already developing through Sandro men.
Luxury
Will Cavalli Be Able to Pull Off a Versace?
With a deal to buy the beleaguered Italian house imminent, it's unclear whether Roberto Cavalli can deliver a return in a rapidly changing fashion market.
Will Cavalli Be Able to Pull Off a Versace?
With a deal to buy the beleaguered Italian house imminent, it's unclear whether Roberto Cavalli can deliver a return in a rapidly changing fashion market.
News & Analysis
Dubai Developer in Pole Position to Buy Roberto Cavalli
Two other binding offers for the whole group have been submitted by Italy's Diesel-owner OTB and US brand management company Bluestar Alliance, the source said.
Dubai Developer in Pole Position to Buy Roberto Cavalli
Two other binding offers for the whole group have been submitted by Italy's Diesel-owner OTB and US brand management company Bluestar Alliance, the source said.
China
Chinese Investment Takes a New Turn
Menswear and sportswear brands are investing money abroad, but there's no short cut to building premium brands.
Chinese Investment Takes a New Turn
Menswear and sportswear brands are investing money abroad, but there's no short cut to building premium brands.
News & Analysis
Unilever Buys Tatcha Skincare
The world’s largest cosmetics companies have been acquiring upstart brands in recent years as they search for the next big hit, often picking labels that attract younger, trendier shoppers.
Unilever Buys Tatcha Skincare
The world’s largest cosmetics companies have been acquiring upstart brands in recent years as they search for the next big hit, often picking labels that attract younger, trendier shoppers.
The News in Brief
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.
Kevin.Murphy Appoints New CEO
The Australian hair care brand has named Elisa Fischer its new global chief executive as it looks to push deeper into international markets.