Hermès Sales Climb, Boosted By US
Hermès second quarter sales rose 7 percent, lifted by a recovery in tourism in Europe and strong demand in the US.
investing
Financial Markets
Chinese Firms Make a Push into Luxury
Chinese apparel group Shandong Ruyi said its ambition was to become 'the LVMH group of China.'
Chinese Firms Make a Push into Luxury
Chinese apparel group Shandong Ruyi said its ambition was to become 'the LVMH group of China.'
Financial Markets
Fosun Buys Majority Stake in Lanvin
The Chinese conglomerate has completed a deal to become the majority shareholder in Lanvin, beating off competition from Qatari investment fund Mayhoola.
Fosun Buys Majority Stake in Lanvin
The Chinese conglomerate has completed a deal to become the majority shareholder in Lanvin, beating off competition from Qatari investment fund Mayhoola.
Financial Markets
Report: Fosun Outbids Mayhoola for Lanvin
The Chinese conglomerate will inject more than €100 million into the troubled French heritage label, according to market reports.
Report: Fosun Outbids Mayhoola for Lanvin
The Chinese conglomerate will inject more than €100 million into the troubled French heritage label, according to market reports.
Financial Markets
Sneaker Resale Heats Up
This week, LVMH Luxury Ventures and Index Ventures bet on sneaker marketplaces Stadium Goods and Goat.
Sneaker Resale Heats Up
This week, LVMH Luxury Ventures and Index Ventures bet on sneaker marketplaces Stadium Goods and Goat.
Financial Markets
Alibaba to Take $486 Million Stake in China Retail Data Firm
Alibaba has been beefing up its retail presence with more than $10 billion of investments into brick-and-mortar outlets amid rising competition from Tencent.
Alibaba to Take $486 Million Stake in China Retail Data Firm
Alibaba has been beefing up its retail presence with more than $10 billion of investments into brick-and-mortar outlets amid rising competition from Tencent.
Financial Markets
Former Perry Ellis Chairman Offers to Buy Company for $430 Million
George Feldenkreis, who is the company’s largest shareholder, offered $27.50 per Perry Ellis share.
Former Perry Ellis Chairman Offers to Buy Company for $430 Million
George Feldenkreis, who is the company’s largest shareholder, offered $27.50 per Perry Ellis share.
Beauty
How Not To Ruin Your Brand Once You’ve Sold It
Is it possible to sell your brand without selling out? Sarah Brown talks to a group of key beauty founders about the new rules for navigating corporate waters and protecting your company — and yourself.
How Not To Ruin Your Brand Once You’ve Sold It
Is it possible to sell your brand without selling out? Sarah Brown talks to a group of key beauty founders about the new rules for navigating corporate waters and protecting your company — and yourself.
Financial Markets
Alibaba to Buy 33 Percent Stake in Ant Financial, Paving Way for IPO
The stake will be the first since Ant's controversial spin-off in 2011.
Alibaba to Buy 33 Percent Stake in Ant Financial, Paving Way for IPO
The stake will be the first since Ant's controversial spin-off in 2011.
Financial Markets
Tencent to Invest $1.6 Billion in Menswear Firm Heilan, Sources Say
JD.com and Vipshop were among investors to acquire almost 10 percent of the company for 5 billion yuan, as Tencent pushes into retail to compete with Alibaba.
Tencent to Invest $1.6 Billion in Menswear Firm Heilan, Sources Say
JD.com and Vipshop were among investors to acquire almost 10 percent of the company for 5 billion yuan, as Tencent pushes into retail to compete with Alibaba.
Financial Markets
Activist Investor Says Hudson's Bay Has Ample Cash to Go Private
Jonathan Litt's Land and Buildings hedge fund has been pressing the company to boost its sliding share price by extracting value from its sizeable real estate holdings.
Activist Investor Says Hudson's Bay Has Ample Cash to Go Private
Jonathan Litt's Land and Buildings hedge fund has been pressing the company to boost its sliding share price by extracting value from its sizeable real estate holdings.
China
Chinese Investors Pile Into Global Fashion Businesses
In this month’s China Edit, BoF explores the flurry of activity from Chinese firms investing in the fashion sector.
Chinese Investors Pile Into Global Fashion Businesses
In this month’s China Edit, BoF explores the flurry of activity from Chinese firms investing in the fashion sector.
Financial Markets
Fyodor Golan Lands Investment from Eiesha Bharti Pasricha
The London-based womenswear label plans to ramp up its direct-to-consumer business and sell its main collection during pre-seasons.
Fyodor Golan Lands Investment from Eiesha Bharti Pasricha
The London-based womenswear label plans to ramp up its direct-to-consumer business and sell its main collection during pre-seasons.
The News in Brief
Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
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.