Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
investment
Beauty
How Anastasia Beverly Hills Lost Its Footing
The influencer-favourite brand seemed on rocket-like trajectory in the 2010s, culminating in a reported $3 billion valuation in 2018. But since then, trends have shifted, sales have slid, debt has mounted and its main investor, the private equity firm TPG Capital, is ready to move on.
How Anastasia Beverly Hills Lost Its Footing
The influencer-favourite brand seemed on rocket-like trajectory in the 2010s, culminating in a reported $3 billion valuation in 2018. But since then, trends have shifted, sales have slid, debt has mounted and its main investor, the private equity firm TPG Capital, is ready to move on.
Beauty
Venrex and the British Beauty Council Launch Beauty Venture Fund
The fund, Venrex BBCo I, will make investments of around $130,000 to $1.3 million in a variety of consumer and B2B beauty businesses.
Venrex and the British Beauty Council Launch Beauty Venture Fund
The fund, Venrex BBCo I, will make investments of around $130,000 to $1.3 million in a variety of consumer and B2B beauty businesses.
Beauty
Beauty On-Demand Provider Ruuby Raises $2.6 Million
The investment was led by Praetura Equity Finance, a Manchester-based fund dedicated to British businesses.
Beauty On-Demand Provider Ruuby Raises $2.6 Million
The investment was led by Praetura Equity Finance, a Manchester-based fund dedicated to British businesses.
Beauty
Report: Activist Investor Starboard Targets Neutrogena Owner Kenvue
Per The Wall Street Journal, the hedge fund has taken a stake in the ailing consumer products firm, which has seen its stock price slide more than 18 percent since going public last year.
Report: Activist Investor Starboard Targets Neutrogena Owner Kenvue
Per The Wall Street Journal, the hedge fund has taken a stake in the ailing consumer products firm, which has seen its stock price slide more than 18 percent since going public last year.
Beauty
Rianta Capital Invests In Biotech Beauty Brand
Reome, a UK-based skincare brand founded by a former beauty editor, closed a first round of fundraising led by Rianta Capital.
Rianta Capital Invests In Biotech Beauty Brand
Reome, a UK-based skincare brand founded by a former beauty editor, closed a first round of fundraising led by Rianta Capital.
Beauty
Molly Sims’ Yse Receives Private Equity Investment
Sims’ prestige skincare brand, aimed at Gen-X women, has received investment from early-stage private equity firm Willow Growth Partners.
Molly Sims’ Yse Receives Private Equity Investment
Sims’ prestige skincare brand, aimed at Gen-X women, has received investment from early-stage private equity firm Willow Growth Partners.
Beauty
Luxury Skincare Line Révive Acquired by Chinese Firm S’Young Group
The doctor-founded skincare line, known for its pricey serums and creams, has been acquired by the Chinese owner of Evidens de Beauté for an undisclosed sum.
Luxury Skincare Line Révive Acquired by Chinese Firm S’Young Group
The doctor-founded skincare line, known for its pricey serums and creams, has been acquired by the Chinese owner of Evidens de Beauté for an undisclosed sum.
Retail
How Mytheresa Can Make Its YNAP Deal Work
The German e-tailer’s deal to acquire the London-based luxury site, and become a global luxury e-commerce giant, is only as viable as its ability to make the whole enterprise profitable. BoF unpacks what it could take to get there.
How Mytheresa Can Make Its YNAP Deal Work
The German e-tailer’s deal to acquire the London-based luxury site, and become a global luxury e-commerce giant, is only as viable as its ability to make the whole enterprise profitable. BoF unpacks what it could take to get there.
Beauty
The Founders Pushing African Fragrance Into the Mainstream
Across the continent, a handful of nascent brands are attempting to kickstart the continent’s own niche perfume moment. Success will take mastery of retail, e-commerce and branding across borders.
The Founders Pushing African Fragrance Into the Mainstream
Across the continent, a handful of nascent brands are attempting to kickstart the continent’s own niche perfume moment. Success will take mastery of retail, e-commerce and branding across borders.
Luxury
Altuzarra Nabs Investment From New Venture Fund P180
The 16-year-old womenswear label is partnering with the investment firm to ramp up its direct-to-consumer business.
Altuzarra Nabs Investment From New Venture Fund P180
The 16-year-old womenswear label is partnering with the investment firm to ramp up its direct-to-consumer business.
Beauty
Refy Bets the Indie Beauty Boom Isn’t Over Yet
Despite a slowdown in the M&A pipeline and rising pressure on indie brands, British cosmetics company Refy thinks it can buck the trend and become a breakout star. Pulling it off will require careful calibration to help it broaden its presence without denting its status.
Refy Bets the Indie Beauty Boom Isn’t Over Yet
Despite a slowdown in the M&A pipeline and rising pressure on indie brands, British cosmetics company Refy thinks it can buck the trend and become a breakout star. Pulling it off will require careful calibration to help it broaden its presence without denting its status.
Beauty
Nail Care Brand Nails Inc Acquired by Private Equity Firm
The British nail care brand has been acquired by American private equity group Pacific World Corporation, the company announced Monday.
Nail Care Brand Nails Inc Acquired by Private Equity Firm
The British nail care brand has been acquired by American private equity group Pacific World Corporation, the company announced Monday.
The News in Brief
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
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.