Diotima’s Rachel Scott, Ralph Lauren Take Home Top Prizes at CFDA Awards
Colleen Allen won the emerging designer of the year award; Tory Burch, Linda Fargo and more take home honours.
mergers-acquisitions
Retail
E-Commerce Firm Jumia Draws Takeover Interest From Axian
A deal between the biggest e-commerce platform in Africa and telecommunications company Axian would help both company expand across the continent.
Retail
Billionaire H&M Founding Family Speeds Up Share Purchases
The Persson family and its related companies owned over 60 percent of H&M's shares at the end of May, prompting speculation the company may return to private ownership.
Beauty
L’Oréal to Acquire Hair Care Brand Color Wow
Hair care was the second fastest-growing category at L’Oréal last year after fragrances.
Luxury
Exclusive: Roberto Cavalli CEO to Exit as Owner Seeks Sale
Sergio Azzolari is stepping down after less than three years at the helm of the Italian label as its Dubai-based owner aims to bring on a strategic partner to support growth at the loss-making brand.
Beauty
Unilever to Acquire Men’s Personal Care Brand Dr. Squatch
The consumer goods giant announced on Monday that it had signed a definitive agreement to acquire the American men’s brand, known for its soaps and grooming products.
Retail
Former Expedia CEO Buys Troubled Luxury Lingerie Brand La Perla
Peter Kern purchased the legally embattled Italian brand for €25 million.
Beauty
L’Oréal to Acquire British Skincare Brand Medik8
The world’s biggest beauty company has acquired a majority stake in the English premium skin care line known for its science-backed serums.
Luxury
De Beers Draws Interest From Ex-CEOs as Anglo Starts Sale
Anglo American is set to sell De Beers, with former CEOs and other mining veterans expressing interest amid a market showing signs of stabilisation after a recent crisis.
Beauty
Report: L’Oréal Poised to Acquire British Skincare Brand Medik8
According to a report in the Financial Times, the French cosmetics giant is close to finalising a roughly $1.1 billion deal for the British premium skincare brand.
Beauty
The Debrief | Why Hailey Bieber Won the Celebrity Beauty Lottery
E.l.f. Beauty’s $1 billion acquisition of Rhode demonstrates the power of authentic branding amid a sea of generic beauty lines fronted by famous faces.
Beauty
Huda Kattan Buys Back Huda Beauty
Kattan has regained full ownership of the prestige cosmetics brand after buying back a minority stake held by TSG Consumer Partners.
Retail
Case Study | The New Rules for Getting Acquired
Securing an exit at a desirable valuation has gotten harder for start-ups in recent years. But brands with strong growth strategies and loyal followings can still attract buyers that will maintain their integrity while taking their businesses to the next level, regardless of economic conditions.
The News in Brief
Ye Announces ‘Yeezy Season 01’ Runway Show in Los Angeles
The show will unveil the brand’s first-ever flagship store and mark Ye’s first full-scale runway presentation in four years.
Style Capital Acquires Alessandro Dell’Acqua’s N21
Financial details of the deal for the Milan-based brand weren’t disclosed.
Lagos Fashion Week Continues to Flex its Pan-African Muscle
The buzzy Nigerian fashion event has attracted a cohort from across the continent, with designers from South Africa, Uganda and Morocco presenting their collections in the Nigerian city.
Estée Lauder Raises Outlook, Buoyed by Perfume Demand
Demand for the US conglomerate’s luxury fragrance brands like Le Labo, Tom Ford and By Kilian offset weaker performance from its makeup and haircare divisions.
Bangladesh Sets Up Wage Board as Garment Worker Unrest Shuts Factories
Violent protests over pay levels forced the closure of more than 500 factories over the weekend.
Premium Skincare Brand Colorescience Names New CEO
Former Kiehl’s general manager John Reed will lead the label, which was acquired by Roundtable Healthcare Partners earlier this year.
Proya Third-Quarter Revenue Grows, Profit Dented by Marketing Spend
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.