Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
investment
Technology
Ray-Ban Maker EssilorLuxottica Confirms Meta Interested in Stake
CEO Francesco Milleri said the maker of Ray-Ban and Oakley sunglasses isn’t planning a capital increase dedicated to Meta and the US firm would buy shares on the market if it wants to become a shareholder.
Ray-Ban Maker EssilorLuxottica Confirms Meta Interested in Stake
CEO Francesco Milleri said the maker of Ray-Ban and Oakley sunglasses isn’t planning a capital increase dedicated to Meta and the US firm would buy shares on the market if it wants to become a shareholder.
Beauty
Summer Fridays Announces Growth Investment From TSG Consumer Partners
The influencer-founded beauty brand, known for its hybrid skincare and makeup products, will join private equity firm TSG’s brand roster.
Summer Fridays Announces Growth Investment From TSG Consumer Partners
The influencer-founded beauty brand, known for its hybrid skincare and makeup products, will join private equity firm TSG’s brand roster.
Sustainability
LVMH Pledges More Vertical Integration in Response to Dior Manufacturing Scandal
The luxury giant said it will aim to bring more production in house after an Italian investigation linked Dior to sweatshop conditions.
LVMH Pledges More Vertical Integration in Response to Dior Manufacturing Scandal
The luxury giant said it will aim to bring more production in house after an Italian investigation linked Dior to sweatshop conditions.
Luxury
Investors Pressure LVMH on Labour Rights After Dior Linked to Italian Sweatshops
Some shareholders are asking the luxury giant to take more aggressive steps to monitor its supply chain after Italian prosecutors alleged factories manufacturing for Dior exploited workers.
Investors Pressure LVMH on Labour Rights After Dior Linked to Italian Sweatshops
Some shareholders are asking the luxury giant to take more aggressive steps to monitor its supply chain after Italian prosecutors alleged factories manufacturing for Dior exploited workers.
Direct-to-Consumer
How to Get Customers to Shop Online
Fashion e-commerce winners are using new personalisation techniques to boost sales, but doing so doesn’t necessarily require expensive software upgrades.
How to Get Customers to Shop Online
Fashion e-commerce winners are using new personalisation techniques to boost sales, but doing so doesn’t necessarily require expensive software upgrades.
Luxury
Dolce & Gabbana CEO Ready to Open Capital to New Investors
‘We are now ready to consider opening our capital to third parties through a listing or other financial instruments,’ CEO Alfonso Dolce said in an interview published on Monday.
Dolce & Gabbana CEO Ready to Open Capital to New Investors
‘We are now ready to consider opening our capital to third parties through a listing or other financial instruments,’ CEO Alfonso Dolce said in an interview published on Monday.
Retail
Macy’s Ends Buyout Talks With Activist Investors
The American retailer has effectively closed the door on the take-private offer from real estate firms Arkhouse Management and Brigade Capital. The company’s stock plunged on the news.
Macy’s Ends Buyout Talks With Activist Investors
The American retailer has effectively closed the door on the take-private offer from real estate firms Arkhouse Management and Brigade Capital. The company’s stock plunged on the news.
Beauty
David Beckham to Launch New Wellness Brand
Beckham is now an investor in publicly listed biotech firm Prenetics, and will serve as a co-founder of a new wellness brand, IM8, under its umbrella.
David Beckham to Launch New Wellness Brand
Beckham is now an investor in publicly listed biotech firm Prenetics, and will serve as a co-founder of a new wellness brand, IM8, under its umbrella.
Retail
Pamela Love Buys Back Her Brand
The jewellery designer sees opportunities in her ear piercing and engagement assortments, seeking new investors to fund this next stage of growth.
Pamela Love Buys Back Her Brand
The jewellery designer sees opportunities in her ear piercing and engagement assortments, seeking new investors to fund this next stage of growth.
Beauty
Have Incubators Outlived Their Purpose?
Two of Luxury Brand Partners’ biggest lines, One/Size and IGK Hair, announced their entrance into the M&A fray. With strong financial profiles, they both should be desirable to acquirers, but brand incubators haven’t had the success they did in the 2010s.
Have Incubators Outlived Their Purpose?
Two of Luxury Brand Partners’ biggest lines, One/Size and IGK Hair, announced their entrance into the M&A fray. With strong financial profiles, they both should be desirable to acquirers, but brand incubators haven’t had the success they did in the 2010s.
Beauty
Patrick Starrr’s One/Size and IGK Hair Explore Exit Options
Beauty brand incubator Luxury Brand Partners, owner of the premium cosmetics and hair care lines, has tapped The Sage Group to suss out their options. By getting to this stage, they’ve reached a tier many incubated brands don’t.
Patrick Starrr’s One/Size and IGK Hair Explore Exit Options
Beauty brand incubator Luxury Brand Partners, owner of the premium cosmetics and hair care lines, has tapped The Sage Group to suss out their options. By getting to this stage, they’ve reached a tier many incubated brands don’t.
Retail
The Stores Defining a New Era of Multi-Brand Retail
As department stores and online giants struggle, a new generation of independent boutiques are carving out their own path for success. Often that means eschewing easy online sales, investing in brick-and-mortar offerings and taking a chance on emerging labels.
The Stores Defining a New Era of Multi-Brand Retail
As department stores and online giants struggle, a new generation of independent boutiques are carving out their own path for success. Often that means eschewing easy online sales, investing in brick-and-mortar offerings and taking a chance on emerging labels.
The News in Brief
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.