For a new generation of beauty founders, the timeline between selling one brand and launching a new one has shrunk rapidly. It’s just as well: Founders can’t wait to get their hands dirty again.
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
Chanel joined independent watchmaker F.P. Journe in the $66.5 million purchase of the Swiss brand, a big bet as mid-range watches are hardest hit by an industry slump.
Luxury giant Richemont and US retailer Signet Jewelers Ltd. are in talks to join a consortium that’s in prime position to buy diamond miner De Beers, according to five people familiar with the matter.
ADVERTISEMENT
The Swiss firm agreed to purchase the medical-grade skincare company from private equity firm Blackstone and the founding Obagi family to expand its US portfolio.
Frasers Group is expanding its holdings in luxury and retail brands, but what it wants from those investments is not always clear.
The move extends British company’s push into sports brands following a recent purchase of Puma stock.
The British retail group has brought its stakes in Burberry, Hugo Boss and Mulberry together with its luxury retail operations.
ADVERTISEMENT
A Charli XCX cover, a Sofia Coppola documentary, a guest appearance on Broadway… America’s star designer is still all over pop culture as he opens a new chapter for his namesake label under new owners WHP and G-III after decades at LVMH. Can lightning strike twice?
The private equity firm is nearing a deal, valued at $9 billion, to sell the UK health and beauty retail business to the Canadian branch of the billionaire Weston family, a source told Bloomberg.
The Kering CEO also denied any interest in buying a minority stake in Armani, adding that the group was focusing on other challenges.
The niche perfume brand has been purchased by the new beauty operator created and backed by German investment firm Athos.
The German sneaker brand on Thursday reported strong growth in apparel and sports gear, led by running, training and football products, elaborating on preliminary results published last week.
The decision underscores the challenge Japanese retailers face as persistent inflation squeezes household budgets.
Ahead of its first Capital Markets Day in Madrid, the Spanish beauty group has unveiled its “Vision 2032” and detailed its plans to grow its share of the global fragrance market.
Private equity firms CVC Capital Partners and Cinven, along with Spanish beauty group Puig, are considering acquiring Parfums de Marly, the luxury fragrance brand owned by Advent International, two people familiar with the matter told Reuters.
The UK conglomerate raised its annual volume growth forecast on beauty, personal and home care demand, despite a lagging food sector and the impact of geopolitical conflict on costs.
The fashion editor and stylist is reuniting with longtime collaborator Alastair McKimm, chief creative officer of Wonderland parent Visual Talent Ltd.
New categories and brick-and-mortar expansion beyond North America are set to drive Aritzia’s quest to hit $10.5 billion CAD ($7.5 billion).
Sales in the Americas fell 70 to 75 percent.