GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
conglomerates
Retail
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.
Beauty
An Elemis Sale Update
The prestige skin and spa brand, which is close to finding a buyer, aims to more than double its sales in the next five years, according to documents viewed by The Business of Beauty.
An Elemis Sale Update
The prestige skin and spa brand, which is close to finding a buyer, aims to more than double its sales in the next five years, according to documents viewed by The Business of Beauty.
Retail
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Beauty
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Beauty
China’s Beauty Industry Gets AI Makeover to Close Innovation Gap
The country’s beauty companies are utilising the technology to compress lengthy development timelines, and deliver trendy ingredients such as PDRN faster than ever.
China’s Beauty Industry Gets AI Makeover to Close Innovation Gap
The country’s beauty companies are utilising the technology to compress lengthy development timelines, and deliver trendy ingredients such as PDRN faster than ever.
Luxury
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.
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.
Retail
Reformation Targets $1 Billion Valuation in IPO
The Permira-backed retailer said on Monday that it and some of its selling shareholders aim to raise up to $239.1 million in the IPO.
Reformation Targets $1 Billion Valuation in IPO
The Permira-backed retailer said on Monday that it and some of its selling shareholders aim to raise up to $239.1 million in the IPO.
Retail
Primark Cuts Prices Ahead of Split From AB Foods
The budget fashion chain said it would reduce prices by up to 29 percent across hundreds of products, seeking to improve trading ahead of next year’s spin off.
Primark Cuts Prices Ahead of Split From AB Foods
The budget fashion chain said it would reduce prices by up to 29 percent across hundreds of products, seeking to improve trading ahead of next year’s spin off.
Retail
India’s Tata Group Plans 100 Annual Stores for Its Westside Brand
The Mumbai-based conglomerate aims to double the pace of store openings for its premium clothing brand to reinvigorate growth.
India’s Tata Group Plans 100 Annual Stores for Its Westside Brand
The Mumbai-based conglomerate aims to double the pace of store openings for its premium clothing brand to reinvigorate growth.
Retail
Shein IPO Faces Lower Valuation as E-Commerce Crackdown Starts to Bite
Shein's ambitions for a valuation of up to $50 billion face a tough test from investors as new fees in Europe on e-commerce imports threaten to dent its growth.
Shein IPO Faces Lower Valuation as E-Commerce Crackdown Starts to Bite
Shein's ambitions for a valuation of up to $50 billion face a tough test from investors as new fees in Europe on e-commerce imports threaten to dent its growth.
Luxury
La Perla Hires Former Gucci Executive Alessio Vannetti as CEO
The appointment is part of the Italian lingerie brand’s turnaround strategy following last year’s acquisition out of bankruptcy by Peter Kern.
La Perla Hires Former Gucci Executive Alessio Vannetti as CEO
The appointment is part of the Italian lingerie brand’s turnaround strategy following last year’s acquisition out of bankruptcy by Peter Kern.
Retail
Men’s Wearhouse Owner Tailored Brands Files for US IPO
Menswear company Tailored Brands Inc. filed publicly for an initial public offering, the latest step in its return to the public market.
Men’s Wearhouse Owner Tailored Brands Files for US IPO
Menswear company Tailored Brands Inc. filed publicly for an initial public offering, the latest step in its return to the public market.
The News in Brief
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.
Activist Investor Takes New Stake in Bath & Body Works
The activist investor is recommending the personal-care and fragrance store chain to explore a sale, claiming it has been undervalued and hampered by unstable management.
Arnault Drops Out of World’s Top 10 Richest as US Tech Dominates
The LVMH chairman’s net worth fell to $143 billion on Thursday, pulling him beneath Warren Buffett, Bloomberg reported.