The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
acquisition
News & Analysis
A Chanel Deal May Be Out of Reach, Even for LVMH
Chanel is worth nearer to €100 billion ($113 billion) than the €50 billion that some analysts have estimated, so it’s unclear who might be interested.
A Chanel Deal May Be Out of Reach, Even for LVMH
Chanel is worth nearer to €100 billion ($113 billion) than the €50 billion that some analysts have estimated, so it’s unclear who might be interested.
News & Analysis
Renzo Rosso’s OTB Invests in Amiri
The Italian fashion group that owns Diesel, Marni and Maison Margiela took a minority stake in the Los Angeles-based brand founded by Mike Amiri.
Renzo Rosso’s OTB Invests in Amiri
The Italian fashion group that owns Diesel, Marni and Maison Margiela took a minority stake in the Los Angeles-based brand founded by Mike Amiri.
Beauty
Natura to Buy Avon for About $2 Billion in Stock
The transaction, valued at $3.7 billion, will position the Brazilian cosmetics company as a growing force in the booming global cosmetics and skincare industry.
Natura to Buy Avon for About $2 Billion in Stock
The transaction, valued at $3.7 billion, will position the Brazilian cosmetics company as a growing force in the booming global cosmetics and skincare industry.
Luxury
LVMH Buys Rosé Wine Producer Chateau du Galoupet
Rising demand for rosé has seen the French luxury conglomerate buy an estate whose bottles still retail for less than $15.
LVMH Buys Rosé Wine Producer Chateau du Galoupet
Rising demand for rosé has seen the French luxury conglomerate buy an estate whose bottles still retail for less than $15.
News & Analysis
EQT-Led Group In Exclusive Talks to Buy Nestle’s Skincare Brands
A group led by private equity firm EQT Partners is poised to enter exclusive talks for Nestle SA’s skincare business, as a hotly contested sale process for the consumer giant’s moisturizers, acne treatments and wrinkle fillers comes to a close, people familiar with the matter said.
EQT-Led Group In Exclusive Talks to Buy Nestle’s Skincare Brands
A group led by private equity firm EQT Partners is poised to enter exclusive talks for Nestle SA’s skincare business, as a hotly contested sale process for the consumer giant’s moisturizers, acne treatments and wrinkle fillers comes to a close, people familiar with the matter said.
News & Analysis
Exclusive: Jewellery Brand Pamela Love Sells Majority Stake to RedLuxury Group
The buyer, whose portfolio includes Zadig & Voltaire and Ginette NY, has plans to grow Pamela Love with expanded digital marketing and stores in New York and Los Angeles.
Exclusive: Jewellery Brand Pamela Love Sells Majority Stake to RedLuxury Group
The buyer, whose portfolio includes Zadig & Voltaire and Ginette NY, has plans to grow Pamela Love with expanded digital marketing and stores in New York and Los Angeles.
Luxury
Kering’s Shopping List Should Include These Brands
To continue to create shareholder value, the French luxury group may need to make at least one major acquisition.
Kering’s Shopping List Should Include These Brands
To continue to create shareholder value, the French luxury group may need to make at least one major acquisition.
Retail
Brazilian Retailer Magazine Luiza Buys Netshoes for $62 Million
It was reported last August that online sportswear retailer Netshoes had hired Goldman Sachs to seek an investor to inject cash in the company and restructure its debt.
Brazilian Retailer Magazine Luiza Buys Netshoes for $62 Million
It was reported last August that online sportswear retailer Netshoes had hired Goldman Sachs to seek an investor to inject cash in the company and restructure its debt.
Financial Markets
Chinese Investors Woo European Brands. It’s Complicated.
Chinese backers have snapped up distressed European fashion labels hoping to tap the country’s millions of heritage-hungry millennials. But things haven’t always gone to plan.
Chinese Investors Woo European Brands. It’s Complicated.
Chinese backers have snapped up distressed European fashion labels hoping to tap the country’s millions of heritage-hungry millennials. But things haven’t always gone to plan.
News & Analysis
Moncler CEO Says No One Has Asked to Buy Company
This follows Eurazeo's sale of its entire 4.8 percent stake in Moncler for about €445 million.
Moncler CEO Says No One Has Asked to Buy Company
This follows Eurazeo's sale of its entire 4.8 percent stake in Moncler for about €445 million.
Luxury
The Week Ahead: Will Kering Change Its Tune on Acquisitions?
This week, everyone will be talking about Gucci parent Kering's next move, fashion at Coachella and Allbirds entering China. Read our BoF Professional Cheat Sheet.
The Week Ahead: Will Kering Change Its Tune on Acquisitions?
This week, everyone will be talking about Gucci parent Kering's next move, fashion at Coachella and Allbirds entering China. Read our BoF Professional Cheat Sheet.
Financial Markets
Start-Up School | Chapter 7: Plan Your Exit Strategy
Exiting a business is one of the toughest decisions an entrepreneur will make. It’s a big chance to reap the financial rewards from years of hard work and to ensure the company they have nurtured from the start ends up in good hands.
Start-Up School | Chapter 7: Plan Your Exit Strategy
Exiting a business is one of the toughest decisions an entrepreneur will make. It’s a big chance to reap the financial rewards from years of hard work and to ensure the company they have nurtured from the start ends up in good hands.
The News in Brief
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.
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.