Controlling shareholder Bain Capital, which is looking to offload its stake, has received multiple bids to take the luxury outerwear brand private at a valuation around $1.4 billion, but is waiting for more offers, CNBC reported on Tuesday.
In its first-ever acquisition, the hair care brand has purchased a biotechnology laboratory founded by an MIT professor to further its research and development capabilities.
The Strandbags-owned company is expanding its global portfolio by scooping up Paravel’s IP, betting on fashion-led branding and new categories to stand out in a crowded luggage market.
Shareholders will get $16.75 a share in cash, a 26 percent premium to the stock’s closing price on Tuesday.
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The fashion jewellery retailer announced it would sell its North American business to private equity firm Ames Watson for an undisclosed amount, aiming to cut losses during ongoing US bankruptcy proceedings.
The parent company of Obagi skincare and Milk Makeup delayed the full release of its second-quarter earnings on Monday, and lowered its outlook to imply a weaker second half of the year as it undertakes a cost-cutting review.
Analysts expect Montreal-based Gildan’s annual revenue to rise about 5 percent to $3.4 billion this year.
The renowned jeweller known for its imperial Russian Easter eggs, has been sold to technology investor Sergei Mosunov’s SMG Capital for $50 million, as its parent company Gemfields seeks to fund its mining operations.
The Berlin-based company said it expected gross merchandise volumes to grow by 12-15 percent, up from a previously expected range of 4-9 percent.
Project 3, a subdivision of the rapper's production company pgLang, will provide creative direction, content creation, event planning and more.
The Singapore state-owned investor has agreed to buy a roughly 5 percent stake in Ermenegildo Zegna for $126.4 million, after previously scooping up shares amounting to another 5 percent. The deal will accelerate the Italian fashion group’s expansion plans, the company said.
The Chinese beauty conglomerate’s revenue grew 29.8 percent in the latest quarter, but its profit decreased by double digits due to increased promotional expenses as it expands overseas.
Shares jumped after the group raised its annual revenue and profit forecasts and said it expected sales to return to growth.
The German sportswear business is attempting to reboot its brand appeal to better compete with larger rivals Adidas and Nike.
The Tata Group-owned business beat expectations, shoring up confidence in its fashion business after a period of sluggish performance.
Chasity Monroe has been appointed as the label’s chief executive as it undergoes a wider brand refresh.
The Korean firm and Medicube owner reported third quarter revenue growth of over 100 percent, mostly attributed to the expansion of its skincare range into new markets, channels and product categories.
Celebrity-makeup artist Ash K. Holm will join the “smart” mirror brand for a year-long partnership focusing on guidance and education.
Revenue growth outpaced the previous quarter in the Korean conglomerate’s domestic market, but slowed internationally.