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
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
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.