Capri Holdings Ltd. saw its shares rise as much as 9.6 percent following reports that it is close to selling its Italian luxury brand Versace to Prada for up to €1.5 billion, a deal that could help Prada compete with luxury giants like LVMH and Kering SA.
Capri Holdings Ltd. saw its shares rise as much as 9.6 percent following reports that it is close to selling its Italian luxury brand Versace to Prada for up to €1.5 billion, a deal that could help Prada compete with luxury giants like LVMH and Kering SA.
Talks between Prada and Versace owner Capri are progressing and could results in a deal in March, Bloomberg reports.
Talks between Prada and Versace owner Capri are progressing and could results in a deal in March, Bloomberg reports.
A year into its ownership of the embattled luxury e-tailer, the South Korean e-commerce giant is whipping Farfetch into shape, reaching near breakeven in its latest quarter. But company insiders say Coupang has gone from cutting fat to cutting muscle, stripping Farfetch of its ability to compete for the attention and dollars of key ultra-wealthy shoppers who account for 30 percent of its annual sales.
A year into its ownership of the embattled luxury e-tailer, the South Korean e-commerce giant is whipping Farfetch into shape, reaching near breakeven in its latest quarter. But company insiders say Coupang has gone from cutting fat to cutting muscle, stripping Farfetch of its ability to compete for the attention and dollars of key ultra-wealthy shoppers who account for 30 percent of its annual sales.
Dubai-based Huda Beauty will sell the buzzy fragrance line to its co-founder, Mona Kattan, and General Atlantic, buying back a stake held by TSG Consumer Partners since 2017.
Dubai-based Huda Beauty will sell the buzzy fragrance line to its co-founder, Mona Kattan, and General Atlantic, buying back a stake held by TSG Consumer Partners since 2017.
The Long Island-based company will acquire fashion and accessory label Kurt Geiger from private equity firm Cinven, with the deal expected to close by the second quarter, pending regulatory approval.
The Long Island-based company will acquire fashion and accessory label Kurt Geiger from private equity firm Cinven, with the deal expected to close by the second quarter, pending regulatory approval.
A deal is expected to be announced in the coming weeks, according to Sky News.
A deal is expected to be announced in the coming weeks, according to Sky News.
The German luxury e-tailer more than doubled its adjusted earnings in its second fiscal quarter that ended in December, providing a glimpse into how it will fare once its deal to acquire its competitor, Yoox-Net-a-Porter, is approved.
The German luxury e-tailer more than doubled its adjusted earnings in its second fiscal quarter that ended in December, providing a glimpse into how it will fare once its deal to acquire its competitor, Yoox-Net-a-Porter, is approved.
The acquisition of the Milan-based luxury streetwear label follows the brand-management firm’s purchase of Off-White last year.
The acquisition of the Milan-based luxury streetwear label follows the brand-management firm’s purchase of Off-White last year.
The Debrief unpacks the forces driving new deals, which brands could be next, and what buyers are looking for in 2025.
The Debrief unpacks the forces driving new deals, which brands could be next, and what buyers are looking for in 2025.
The designer is buying back LVMH’s minority stake in her namesake label but will continue to advise the group on sustainability issues.
The designer is buying back LVMH’s minority stake in her namesake label but will continue to advise the group on sustainability issues.
The German luxury e-tailer will change the name of its holding company to LuxExperience after it closes its deal to acquire Yoox-Net-a-Porter.
The German luxury e-tailer will change the name of its holding company to LuxExperience after it closes its deal to acquire Yoox-Net-a-Porter.
The material science and apparel brand has struggled to sustain its footing after its brightly coloured tracksuits drove initial explosive growth during the pandemic.
The material science and apparel brand has struggled to sustain its footing after its brightly coloured tracksuits drove initial explosive growth during the pandemic.
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.