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The Business of Fashion

mergers-acquisitions

Streetwear

Ambush Founders Reacquire Brand From New Guards Group

The Tokyo-based label’s return to independence follows New Guards Group’s sale of Palm Angels.

Luxury

Prada Group to Buy Versace for €1.25 Billion

Prada plans to invest an additional €250 million in relaunching Versace, which has struggled to keep up with bigger heritage brands since selling to Michael Kors parent Capri Holdings in 2018.

Beauty

Can Off-White Mogul Davide De Giglio Pull Off Another Big Exit?

Amid reports that the De Giglio-backed, Hailey Bieber-fronted brand Rhode is exploring a sale for more than $1 billion, the stealthy operator-turned-investor speaks for the first time about his bets in beauty — and his return to fashion.

Luxury

Prada Nears Approval of Versace Deal Despite Tariffs

Prada SpA is nearing final approval to acquire Versace from Capri Holdings Ltd. for €1.25 billion ($1.4 billion), Bloomberg reported.

Luxury

Report: Prada to Decide on Versace Deal This Week

A takeover valuing Versace at €1 billion, one third lower than expected, could be announced on Thursday, according to Italian media reports.

Luxury

Goldman Sachs to Lead €2.5 Billion Financing for Prada-Versace Deal

€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.

Beauty

Report: Hailey Bieber Explores Sale of Her Beauty Brand Rhode

Bieber has hired bankers at JP Morgan and Moelis to prospect an initial sale process, sources told Reuters.

Beauty

Bread Beauty Supply Acquired by Cost of Doing Business, the Holding Company Led by Topicals Founder

Co-founded by Olamide Olowe and her Topicals president, Sochi Mbadugha, CODB Holdings will own and operate the premium hair care brand.

Beauty

Unilever Acquires Refillable Deodorant Brand Wild

Rumours had swirled since February that the personal care giant was on track to purchase the British start-up for £230 million.

Luxury

Yoox Net-a-Porter’s Chief Executive to Step Down

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.

Retail

Pepkor To Buy Four Brands Giving It Access To 462 African Stores

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.

Retail

Apparel Retailer Guess Gets Take-Private Offer From WHP Global

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.

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