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.
investment
Luxury
Swatch Gets Bullish as Activist Pushes for Change
The Swiss watch giant's recent results surprised with an upbeat outlook at a moment when the family in control of the brand is resisting an investor campaign.
Swatch Gets Bullish as Activist Pushes for Change
The Swiss watch giant's recent results surprised with an upbeat outlook at a moment when the family in control of the brand is resisting an investor campaign.
Retail
Ssense Owners Receive Court Approval to Buy Back Company
The closing of the transaction that will see the embattled e-tailer’s founders retain ownership is still pending regulatory approval, according to an internal memo viewed by BoF.
Ssense Owners Receive Court Approval to Buy Back Company
The closing of the transaction that will see the embattled e-tailer’s founders retain ownership is still pending regulatory approval, according to an internal memo viewed by BoF.
Beauty
KKR Prepares Wella Company for US IPO
The Investment firm is preparing OPI nail polish owner Wella Company to go public as soon as this year, in an offering that could value the company at more than the $4.3 billion KKR paid for it.
KKR Prepares Wella Company for US IPO
The Investment firm is preparing OPI nail polish owner Wella Company to go public as soon as this year, in an offering that could value the company at more than the $4.3 billion KKR paid for it.
Beauty
Hair Loss Biopharma Firm Veradermics Raises $256 Million in IPO
Veradermics Inc., a biopharmaceutical firm focused on hair restoration, raised $256.3 million in an upsized US initial public offering priced above the top of its marketed range.
Hair Loss Biopharma Firm Veradermics Raises $256 Million in IPO
Veradermics Inc., a biopharmaceutical firm focused on hair restoration, raised $256.3 million in an upsized US initial public offering priced above the top of its marketed range.
Luxury
Exclusive: How Our Legacy Plans to Level Up as Sales Top $50 Million
The fast-growing Swedish label’s ‘consistency has merged with the zeitgeist,’ chief executive Richardos Klarén said, as LVMH fuels retail expansion.
Exclusive: How Our Legacy Plans to Level Up as Sales Top $50 Million
The fast-growing Swedish label’s ‘consistency has merged with the zeitgeist,’ chief executive Richardos Klarén said, as LVMH fuels retail expansion.
Beauty
Are Shoppers Ready for Beauty Robots?
Investors and retailers are bullish on machines that perform beauty services like nails or lashes — but professionals and shoppers aren’t fully on board.
Are Shoppers Ready for Beauty Robots?
Investors and retailers are bullish on machines that perform beauty services like nails or lashes — but professionals and shoppers aren’t fully on board.
Global Markets
Worldview | What India’s Trade Deals with US and EU Mean for Fashion
This week’s round-up of global markets fashion business news also features the next wave of Chinese luxury malls, Sri Lanka’s apparel exports and plans for Saudi Arabia’s new fashion district.
Worldview | What India’s Trade Deals with US and EU Mean for Fashion
This week’s round-up of global markets fashion business news also features the next wave of Chinese luxury malls, Sri Lanka’s apparel exports and plans for Saudi Arabia’s new fashion district.
Sports
How a Price Guarantee Helped Seal Pinault’s Puma Exit
A price-protection clause that guarantees François-Henri Pinault’s family a share of any near-term upside helped bridge a valuation gap and seal Anta’s $1.8 billion purchase of Puma’s largest stake.
How a Price Guarantee Helped Seal Pinault’s Puma Exit
A price-protection clause that guarantees François-Henri Pinault’s family a share of any near-term upside helped bridge a valuation gap and seal Anta’s $1.8 billion purchase of Puma’s largest stake.
Luxury
Indian Jewellery Maker Emerald Jewel Said Planning IPO for Up to $300 Million
Emerald Jewel Industry India Ltd., one of the country’s largest jewellery manufacturers, is weighing an IPO that could potentially pave the way for India’s biggest listings in the sector.
Indian Jewellery Maker Emerald Jewel Said Planning IPO for Up to $300 Million
Emerald Jewel Industry India Ltd., one of the country’s largest jewellery manufacturers, is weighing an IPO that could potentially pave the way for India’s biggest listings in the sector.
Beauty
Bain, Blackstone Among Suitors for Vitamin Maker Vitabiotics
Bain Capital and Blackstone are among private equity firms in the next round of bidding for the UK vitamin company, sources told Bloomberg.
Bain, Blackstone Among Suitors for Vitamin Maker Vitabiotics
Bain Capital and Blackstone are among private equity firms in the next round of bidding for the UK vitamin company, sources told Bloomberg.
Luxury
India Gold Imports Set to Drop as High Prices Hit Jewellery Demand
Record-high gold prices are expected to cause India’s gold imports to fall this year as demand for jewellery is crimped.
India Gold Imports Set to Drop as High Prices Hit Jewellery Demand
Record-high gold prices are expected to cause India’s gold imports to fall this year as demand for jewellery is crimped.
Technology
Phia Raises $35 Million Series A
The round values the Phoebe Gates-co-founded price-comparison platform at $185 million.
Phia Raises $35 Million Series A
The round values the Phoebe Gates-co-founded price-comparison platform at $185 million.
The News in Brief
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.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.
Kevin.Murphy Appoints New CEO
The Australian hair care brand has named Elisa Fischer its new global chief executive as it looks to push deeper into international markets.