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.
mergers-acquisitions
Beauty
Unilever Offloads Prestige Skincare Line Kate Somerville
The skincare label has been sold to Rare Beauty Brands in a deal set to close this year, Unilever announced on Tuesday.
Unilever Offloads Prestige Skincare Line Kate Somerville
The skincare label has been sold to Rare Beauty Brands in a deal set to close this year, Unilever announced on Tuesday.
Beauty
Why Beauty Companies Keep Cutting Their Portfolios
As shoppers and investors alike tighten their purse strings, a renewed focus on proven, lasting brands and categories is thinning the herd.
Why Beauty Companies Keep Cutting Their Portfolios
As shoppers and investors alike tighten their purse strings, a renewed focus on proven, lasting brands and categories is thinning the herd.
Luxury
Prada Gets EU Approval for Versace Acquisition
The European Commission said the deal poses no competition concerns.
Prada Gets EU Approval for Versace Acquisition
The European Commission said the deal poses no competition concerns.
Luxury
What Is Armani Group Worth? It’s Complicated
Giorgio Armani’s will stipulated that 15 percent of the company he founded must be sold by early 2027, but putting a price tag on the group is an inexact science.
What Is Armani Group Worth? It’s Complicated
Giorgio Armani’s will stipulated that 15 percent of the company he founded must be sold by early 2027, but putting a price tag on the group is an inexact science.
Luxury
Mytheresa Sustains Profitable Growth Amid YNAP Merger
The German e-tailer’s net sales grew 12 percent in the final quarter of its fiscal 2025, but its newly acquired Net-a-Porter and Mr Porter saw continued declines during the same period.
Mytheresa Sustains Profitable Growth Amid YNAP Merger
The German e-tailer’s net sales grew 12 percent in the final quarter of its fiscal 2025, but its newly acquired Net-a-Porter and Mr Porter saw continued declines during the same period.
Retail
Ssense Founders Join Sale Process for Troubled Retailer
Rami Atallah, chief executive of the embattled e-tailer, told employees on Sep. 17 that the company is set to be sold in early October, and announced a new round of layoffs.
Ssense Founders Join Sale Process for Troubled Retailer
Rami Atallah, chief executive of the embattled e-tailer, told employees on Sep. 17 that the company is set to be sold in early October, and announced a new round of layoffs.
Beauty
L’Oréal Only Interested in Armani’s Profitable Beauty Business
The French beauty giant was one of three preferred bidders cited in Armani’s will for an initial stake sale of 15 percent in Giorgio Armani, but would only pursue its beauty business, according to a person familiar with the matter.
L’Oréal Only Interested in Armani’s Profitable Beauty Business
The French beauty giant was one of three preferred bidders cited in Armani’s will for an initial stake sale of 15 percent in Giorgio Armani, but would only pursue its beauty business, according to a person familiar with the matter.
Retail
Report: Saks Global to Sell $1 Billion Stake in Bergdorf Goodman
The retailer is seeking an investor to take on 49 percent of the New York luxury retailer, according to the Wall Street Journal. Proceeds will go towards easing a heavy debt load less than a year after acquiring Neiman Marcus.
Report: Saks Global to Sell $1 Billion Stake in Bergdorf Goodman
The retailer is seeking an investor to take on 49 percent of the New York luxury retailer, according to the Wall Street Journal. Proceeds will go towards easing a heavy debt load less than a year after acquiring Neiman Marcus.
Beauty
Natura Reaches Deal to Sell Avon’s Central American Operations
The Brazilian giant will sell the beauty label’s businesses in Central America to consumer goods company Grupo PDC for $22 million.
Natura Reaches Deal to Sell Avon’s Central American Operations
The Brazilian giant will sell the beauty label’s businesses in Central America to consumer goods company Grupo PDC for $22 million.
Beauty
Cos Bar Acquired by Private Investment Firm
The high-end specialty retailer has been acquired by US investment firm the Mitchell Family Office, founded by the serial healthcare entrepreneur Mark Mitchell.
Cos Bar Acquired by Private Investment Firm
The high-end specialty retailer has been acquired by US investment firm the Mitchell Family Office, founded by the serial healthcare entrepreneur Mark Mitchell.
Beauty
Nudestix Acquired by Undisclosed US Firm
The Canadian makeup label declined to name its new owner, but said the partnership would unlock growth through the company’s existing retail network.
Nudestix Acquired by Undisclosed US Firm
The Canadian makeup label declined to name its new owner, but said the partnership would unlock growth through the company’s existing retail network.
Sports
Pinault Family Won’t Exit Puma Stake at Current Value, Source Says
Artemis, the Pinault family’s holding company, will not sell its 29 percent stake in Puma at its current market value and is not engaged in negotiations, according to a source with knowledge of the firm’s operations.
Pinault Family Won’t Exit Puma Stake at Current Value, Source Says
Artemis, the Pinault family’s holding company, will not sell its 29 percent stake in Puma at its current market value and is not engaged in negotiations, according to a source with knowledge of the firm’s operations.
The News in Brief
Mco Parent VidaCorp Rebrands to Axia Beauty Group
The company, which also owns brands Nude by Nature and Poni, also announced its new global headquarters and chief marketing officer.
Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.
Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.
Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.