Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
investment
Retail
Saks Global Prepares for Bankruptcy After Missing Debt Payment
The retailer is in talks with its creditors to secure financing after missing a debt payment tied to its Neiman Marcus acquisition, as reported by The Wall Street Journal.
Saks Global Prepares for Bankruptcy After Missing Debt Payment
The retailer is in talks with its creditors to secure financing after missing a debt payment tied to its Neiman Marcus acquisition, as reported by The Wall Street Journal.
Retail
Saks Skips Bond Payment Amid Talks With Creditors
The cash-strapped retailer missed an interest payment to bondholders totaling more than $100 million.
Saks Skips Bond Payment Amid Talks With Creditors
The cash-strapped retailer missed an interest payment to bondholders totaling more than $100 million.
Beauty
Anastasia Beverly Hills Owner Injects $225 Million Into Brand
Anastasia Soare invested her own money into Anastasia Beverly Hills after private equity firm TPG cut its stake in the brand.
Anastasia Beverly Hills Owner Injects $225 Million Into Brand
Anastasia Soare invested her own money into Anastasia Beverly Hills after private equity firm TPG cut its stake in the brand.
Sports
Nike Climbs as Apple’s Tim Cook Buys $3 Million in Stock
The athletic brand’s shares ticked up 2 percent in premarket trading on Wednesday.
Nike Climbs as Apple’s Tim Cook Buys $3 Million in Stock
The athletic brand’s shares ticked up 2 percent in premarket trading on Wednesday.
Luxury
Opinion: Golden Goose’s $2,000 Sneakers Are a Rare Win for Private Equity
The high-end Italian sneaker brand’s sale to HSG for over €2.5 billion marks a successful exit for private-equity owner Permira, particularly at a moment of depressed demand for luxury goods, writes Andrea Felsted.
Opinion: Golden Goose’s $2,000 Sneakers Are a Rare Win for Private Equity
The high-end Italian sneaker brand’s sale to HSG for over €2.5 billion marks a successful exit for private-equity owner Permira, particularly at a moment of depressed demand for luxury goods, writes Andrea Felsted.
Beauty
In Beauty, Private Equity Is Hot Again
As strategic firms slow down their shopping sprees and venture capital dollars dry up, PE firms’ reputation for asset stripping is a thing of the past. Founders are now often hoping for private equity buyouts, but want to be sure there can be a true partnership.
In Beauty, Private Equity Is Hot Again
As strategic firms slow down their shopping sprees and venture capital dollars dry up, PE firms’ reputation for asset stripping is a thing of the past. Founders are now often hoping for private equity buyouts, but want to be sure there can be a true partnership.
Beauty
Can Tina Craig’s U Beauty Crack Luxury Beauty?; An Anastasia Beverly Hills Update
This week, I’m thinking about creators-turned-founders, a high-glam makeup brand’s money problems and Sue Nabi’s potential departure.
Can Tina Craig’s U Beauty Crack Luxury Beauty?; An Anastasia Beverly Hills Update
This week, I’m thinking about creators-turned-founders, a high-glam makeup brand’s money problems and Sue Nabi’s potential departure.
Sports
Activist Investor Takes Over $1 Billion Stake in Lululemon
Elliott Management has acquired a stake of over $1 billion in the activewear brand and is lining up a potential CEO candidate to take over after Calvin McDonald’s departure.
Activist Investor Takes Over $1 Billion Stake in Lululemon
Elliott Management has acquired a stake of over $1 billion in the activewear brand and is lining up a potential CEO candidate to take over after Calvin McDonald’s departure.
Luxury
Matches to Relaunch Under New Owners
The e-tailer and its in-house fashion label, Raey, are set to return next year with a new business model after its IP was acquired by Mario Maher and Joe Wilkinson’s newly formed Hulcan group.
Matches to Relaunch Under New Owners
The e-tailer and its in-house fashion label, Raey, are set to return next year with a new business model after its IP was acquired by Mario Maher and Joe Wilkinson’s newly formed Hulcan group.
Global Markets
Worldview | India’s Textile Sector Struggles With Waste Management
This week’s round-up of global markets fashion business news also features Turkey’s EU Green Deal and Indonesia’s thrift boom.
Worldview | India’s Textile Sector Struggles With Waste Management
This week’s round-up of global markets fashion business news also features Turkey’s EU Green Deal and Indonesia’s thrift boom.
Luxury
Kering Raises $690 Million in New York Property Deal with Ardian
The French group is contributing 715-717 Fifth Avenue to a new joint venture with Ardian, as it continues its push to maintain control of prime retail locations while raising cash.
Kering Raises $690 Million in New York Property Deal with Ardian
The French group is contributing 715-717 Fifth Avenue to a new joint venture with Ardian, as it continues its push to maintain control of prime retail locations while raising cash.
Retail
Ssense Receives Court Approval to Extend its Restructuring Process
A new stay order granted by the Superior Court of Quebec gives the embattled Canadian e-tailer until Feb. 19 to right size its business.
Ssense Receives Court Approval to Extend its Restructuring Process
A new stay order granted by the Superior Court of Quebec gives the embattled Canadian e-tailer until Feb. 19 to right size its business.
The News in Brief
Perelel Expands C-Suite, Tapping Rare Beauty’s CMO
Known for its prenatal vitamins, the wellness label has hired Rare Beauty's Ashley Murphy as its chief marketing officer, while Anjelika Temple moves into the chief creative officer role.
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
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.
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.