Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity
French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.
acquisition
China
L'Occitane Agrees to Buy Skincare Brand Elemis for $900 Million
The acquisition will help bolster L’Occitane's growth globally, while Elemis can leverage its new parent company's geographical presence to expand into new markets.
L'Occitane Agrees to Buy Skincare Brand Elemis for $900 Million
The acquisition will help bolster L’Occitane's growth globally, while Elemis can leverage its new parent company's geographical presence to expand into new markets.
News & Analysis
The Billionaire Behind Debenhams' Latest Shakeup
Sports Direct Mike Ashley, who owns about 29 percent of the department store chain, may look to snap up the company, having rescued House of Fraser in August.
The Billionaire Behind Debenhams' Latest Shakeup
Sports Direct Mike Ashley, who owns about 29 percent of the department store chain, may look to snap up the company, having rescued House of Fraser in August.
News & Analysis
Hudson’s Bay Chairman Buys Stake Held by Ontario Pension Fund
Richard Baker, who built Hudson's Bay Co. into a collection of famous department stores, is buying an additional 8 percent stake held.
Hudson’s Bay Chairman Buys Stake Held by Ontario Pension Fund
Richard Baker, who built Hudson's Bay Co. into a collection of famous department stores, is buying an additional 8 percent stake held.
Luxury
Report: Trussardi Acquired by Quattro R
Trussardi’s founding family has sold the fashion house to investment fund Quattro R, according to a report published by Italian news site Pambianco.
Report: Trussardi Acquired by Quattro R
Trussardi’s founding family has sold the fashion house to investment fund Quattro R, according to a report published by Italian news site Pambianco.
Beauty
Op-Ed | Secrets of the Booming Beauty Business
The industry is getting a much-needed refresh that should keep bankers busy.
Op-Ed | Secrets of the Booming Beauty Business
The industry is getting a much-needed refresh that should keep bankers busy.
Luxury
Armani Will Remain Independent
Despite being approached by various suitors, the Italian fashion house intends to remain an independent player.
Armani Will Remain Independent
Despite being approached by various suitors, the Italian fashion house intends to remain an independent player.
News & Analysis
Walmart Acquires Online Lingerie Retailer Bare Necessities
This marks the second apparel-focused acquisition for the world's biggest retailer in less than two weeks as it seeks deeper inroads into the online fashion space.
Walmart Acquires Online Lingerie Retailer Bare Necessities
This marks the second apparel-focused acquisition for the world's biggest retailer in less than two weeks as it seeks deeper inroads into the online fashion space.
China
China’s Icicle Buys Carven
Icicle Fashion Group has acquired the Parisian fashion label, which filed for Chapter 11 bankruptcy in May.
China’s Icicle Buys Carven
Icicle Fashion Group has acquired the Parisian fashion label, which filed for Chapter 11 bankruptcy in May.
Retail
Sports Direct Buys Department Store Frasers
The sportswear group has agreed to buy the freehold of the Glasgow's Frasers department store, which trades as part of the House of Fraser business, for £95 million.
Sports Direct Buys Department Store Frasers
The sportswear group has agreed to buy the freehold of the Glasgow's Frasers department store, which trades as part of the House of Fraser business, for £95 million.
News & Analysis
Remo Ruffini's Investment Company Takes Stake in Attico
Founded by Italian influencers Gilda Ambrosio and Giorgia Tordini, the buzzy young ready-to-wear and accessories brand has sold a 49 percent stake to Moncler's chief executive.
Remo Ruffini's Investment Company Takes Stake in Attico
Founded by Italian influencers Gilda Ambrosio and Giorgia Tordini, the buzzy young ready-to-wear and accessories brand has sold a 49 percent stake to Moncler's chief executive.
News & Analysis
Hyped Shopping App Spring Is About to Be Acquired
Shipping service ShopRunner is set to buy the digital mall, once dubbed 'Instagram for shopping,' for a fraction of the funding it raised.
Hyped Shopping App Spring Is About to Be Acquired
Shipping service ShopRunner is set to buy the digital mall, once dubbed 'Instagram for shopping,' for a fraction of the funding it raised.
News & Analysis
Walmart Acquires Plus-Sized Clothing Startup Eloquii
Walmart said the deal is expected to close this quarter.
Walmart Acquires Plus-Sized Clothing Startup Eloquii
Walmart said the deal is expected to close this quarter.
The News in Brief
CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
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.
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.