Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Mergers & Acquisitions
Latest News & Analysis
Retail
Mike Ashley’s Frasers Boosts Hugo Boss Stake to Over 30%
After crossing the 30 percent ownership threshold, Frasers is now required to make a mandatory takeover bid under German rules.
Mike Ashley’s Frasers Boosts Hugo Boss Stake to Over 30%
After crossing the 30 percent ownership threshold, Frasers is now required to make a mandatory takeover bid under German rules.
Beauty
Estée Lauder Companies Won’t Sell Too Faced, Smashbox and Dr. Jart
After exploring a sale process for the three lines, the conglomerate has decided to hold on to the brands with significantly streamlined teams.
Estée Lauder Companies Won’t Sell Too Faced, Smashbox and Dr. Jart
After exploring a sale process for the three lines, the conglomerate has decided to hold on to the brands with significantly streamlined teams.
Beauty
Estée Lauder Boosts Cost of Restructuring Moves to $1.75 Billion
The US conglomerate forecasts restructuring costs of $1.75 billion, up from $1.55 billion previously, owing to job cuts and workforce reductions in addition to other expenses.
Estée Lauder Boosts Cost of Restructuring Moves to $1.75 Billion
The US conglomerate forecasts restructuring costs of $1.75 billion, up from $1.55 billion previously, owing to job cuts and workforce reductions in addition to other expenses.
Beauty
Report: Boots Entertains $10 Billion Sale Amid IPO Talks
Private equity firm Sycamore Partners and Italian entrepreneur Stefano Pessina are exploring an initial public offering for the pharmacy chain, but are also in talks with the Canadian branch of the billionaire Weston family about a $10 billion sale.
Report: Boots Entertains $10 Billion Sale Amid IPO Talks
Private equity firm Sycamore Partners and Italian entrepreneur Stefano Pessina are exploring an initial public offering for the pharmacy chain, but are also in talks with the Canadian branch of the billionaire Weston family about a $10 billion sale.
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Marketing
The Independents Acquires Production Firm Phantasm Group
The latest in The Independents’ agency acquisition spree, the Paris-based firm will bring its film and campaign production capabilities to the group at a time when entertainment is an increasingly important lever for fashion.
The Independents Acquires Production Firm Phantasm Group
The latest in The Independents’ agency acquisition spree, the Paris-based firm will bring its film and campaign production capabilities to the group at a time when entertainment is an increasingly important lever for fashion.
Retail
Alo Yoga Primed for IPO After Sale of Its T-Shirt Business
The sale of Bella+Canvas, which has not closed yet, would give founders Danny Harris and Marco DeGeorge more flexibility and options for the Lululemon challenger.
Alo Yoga Primed for IPO After Sale of Its T-Shirt Business
The sale of Bella+Canvas, which has not closed yet, would give founders Danny Harris and Marco DeGeorge more flexibility and options for the Lululemon challenger.
Media
Vox Media Acquired by Penske Media Corporation
The WWD and BeautyInc publisher has also created a new subsidiary, named PMX, to combine its publishing portfolio, comprising 25 titles.
Vox Media Acquired by Penske Media Corporation
The WWD and BeautyInc publisher has also created a new subsidiary, named PMX, to combine its publishing portfolio, comprising 25 titles.
Beauty
L’Oréal to Acquire Majority Stake in India’s Innovist
The French cosmetics group will acquire a majority stake in India’s Innovist as it looks to step up its share of one of the world’s fastest-growing markets.
L’Oréal to Acquire Majority Stake in India’s Innovist
The French cosmetics group will acquire a majority stake in India’s Innovist as it looks to step up its share of one of the world’s fastest-growing markets.
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Retail
Mike Ashley’s Frasers Follows Hugo Boss Bid With Offer for Accent Group
In his second takeover bid in a week, retail billionaire Ashley has offered to purchase the remainder of Frasers’ stake in an Australian footwear business for $223 million.
Mike Ashley’s Frasers Follows Hugo Boss Bid With Offer for Accent Group
In his second takeover bid in a week, retail billionaire Ashley has offered to purchase the remainder of Frasers’ stake in an Australian footwear business for $223 million.
Retail
Ashley’s Frasers Offers to Buy Hugo Boss in $3.1 Billion Deal
Frasers already owns a roughly 26 percent stake in Hugo Boss.
Ashley’s Frasers Offers to Buy Hugo Boss in $3.1 Billion Deal
Frasers already owns a roughly 26 percent stake in Hugo Boss.
Beauty
Report: Boots Owner in Talks on Possible $10 Billion Sale
Private equity firm Sycamore Partners, which took ownership of the British pharmacy and beauty chain last year, has reportedly begun divestiture discussions.
Report: Boots Owner in Talks on Possible $10 Billion Sale
Private equity firm Sycamore Partners, which took ownership of the British pharmacy and beauty chain last year, has reportedly begun divestiture discussions.
Retail
UK Watchdog Begins Formal Review of EBay’s Purchase of Depop
The Competition and Markets Authority said it will decide whether to clear the deal or refer it for in-depth investigation by Aug. 6.
UK Watchdog Begins Formal Review of EBay’s Purchase of Depop
The Competition and Markets Authority said it will decide whether to clear the deal or refer it for in-depth investigation by Aug. 6.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.