A takeover valuing Versace at €1 billion, one third lower than expected, could be announced on Thursday, according to Italian media reports.
A takeover valuing Versace at €1 billion, one third lower than expected, could be announced on Thursday, according to Italian media reports.
€1.5 billion would be used for the acquisition with a further billion to invest in relaunching the brand, Italian trade publication MF reported citing unnamed sources.
€1.5 billion would be used for the acquisition with a further billion to invest in relaunching the brand, Italian trade publication MF reported citing unnamed sources.
Bieber has hired bankers at JP Morgan and Moelis to prospect an initial sale process, sources told Reuters.
Bieber has hired bankers at JP Morgan and Moelis to prospect an initial sale process, sources told Reuters.
Co-founded by Olamide Olowe and her Topicals president, Sochi Mbadugha, CODB Holdings will own and operate the premium hair care brand.
Co-founded by Olamide Olowe and her Topicals president, Sochi Mbadugha, CODB Holdings will own and operate the premium hair care brand.
Rumours had swirled since February that the personal care giant was on track to purchase the British start-up for £230 million.
Rumours had swirled since February that the personal care giant was on track to purchase the British start-up for £230 million.
Alison Loehnis, who joined the company in 2007, will leave her post as interim CEO and president in June as YNAP prepares to become part of Mytheresa’s newly formed luxury e-commerce group LuxExperience.
Alison Loehnis, who joined the company in 2007, will leave her post as interim CEO and president in June as YNAP prepares to become part of Mytheresa’s newly formed luxury e-commerce group LuxExperience.
Africa’s largest apparel retailer will acquire clothing and homeware brands from Retailability Proprietary Ltd., opening Pepkor Holdings Ltd.’s access to almost 500 more stores across the south of the continent.
Africa’s largest apparel retailer will acquire clothing and homeware brands from Retailability Proprietary Ltd., opening Pepkor Holdings Ltd.’s access to almost 500 more stores across the south of the continent.
Guess, whose shares jumped over 30 percent in early trading on Monday, has formed a special committee to evaluate the proposal, though the deal isn’t guaranteed.
Guess, whose shares jumped over 30 percent in early trading on Monday, has formed a special committee to evaluate the proposal, though the deal isn’t guaranteed.
JD Vance, whom President Trump had tapped last month alongside Michael Waltz to facilitate the potential sale, said there will ‘almost certainly’ be an agreement allowing for ‘a distinct American TikTok enterprise.’
JD Vance, whom President Trump had tapped last month alongside Michael Waltz to facilitate the potential sale, said there will ‘almost certainly’ be an agreement allowing for ‘a distinct American TikTok enterprise.’
The deal will help the beverage giant compete with rivals like Coca-Cola and Keurig Dr. Pepper as demand for sugary drinks wanes and consumers turn to healthier alternatives and functional beverages.
The deal will help the beverage giant compete with rivals like Coca-Cola and Keurig Dr. Pepper as demand for sugary drinks wanes and consumers turn to healthier alternatives and functional beverages.
A deal would create a group with a broader base that is more resistant to business cycles, but turning Versace around could take years and hit short-term profits.
A deal would create a group with a broader base that is more resistant to business cycles, but turning Versace around could take years and hit short-term profits.
Originally founded in Brooklyn in 1993, the line focusses on the needs of curly, coily and Afro hair, and is one of a small number of Black-founded brands to be acquired by a major beauty conglomerate.
Originally founded in Brooklyn in 1993, the line focusses on the needs of curly, coily and Afro hair, and is one of a small number of Black-founded brands to be acquired by a major beauty conglomerate.
The fashion icon, as famous for his singular talent as a scandal that cost him one of the industry’s top jobs, will become one of only three living designers to get a major solo exhibition at the museum.
Abbvie reported second quarter profit and sales that topped expectations, driven by strong demand across its immunology and neuroscience franchises and further signs of a recovery in Botox.
The German sports brand posted a narrower loss in the second quarter as it pushed ahead with an effort to restore growth next year.
DSM-Firmenich beat market expectations for second-quarter core earnings, said full-year sales growth should reach the upper end of its target range on the back of broad-based volume growth.
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.