Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
mergers-acquisitions
Retail
How Mytheresa Can Make Its YNAP Deal Work
The German e-tailer’s deal to acquire the London-based luxury site, and become a global luxury e-commerce giant, is only as viable as its ability to make the whole enterprise profitable. BoF unpacks what it could take to get there.
How Mytheresa Can Make Its YNAP Deal Work
The German e-tailer’s deal to acquire the London-based luxury site, and become a global luxury e-commerce giant, is only as viable as its ability to make the whole enterprise profitable. BoF unpacks what it could take to get there.
Beauty
Refy Bets the Indie Beauty Boom Isn’t Over Yet
Despite a slowdown in the M&A pipeline and rising pressure on indie brands, British cosmetics company Refy thinks it can buck the trend and become a breakout star. Pulling it off will require careful calibration to help it broaden its presence without denting its status.
Refy Bets the Indie Beauty Boom Isn’t Over Yet
Despite a slowdown in the M&A pipeline and rising pressure on indie brands, British cosmetics company Refy thinks it can buck the trend and become a breakout star. Pulling it off will require careful calibration to help it broaden its presence without denting its status.
Beauty
Nail Care Brand Nails Inc Acquired by Private Equity Firm
The British nail care brand has been acquired by American private equity group Pacific World Corporation, the company announced Monday.
Nail Care Brand Nails Inc Acquired by Private Equity Firm
The British nail care brand has been acquired by American private equity group Pacific World Corporation, the company announced Monday.
Retail
Why Mytheresa Bought Yoox-Net-a-Porter
The merger between the luxury e-tailers has potentially far-reaching implications for the troubled sector.
Why Mytheresa Bought Yoox-Net-a-Porter
The merger between the luxury e-tailers has potentially far-reaching implications for the troubled sector.
Retail
Mytheresa Acquires Yoox Net-a-Porter From Richemont in Equity Deal
Under the terms of the transaction, Richemont will take a 33 percent stake in Mytheresa. The deal brings Richemont’s years-long slog to offload the troubled YNAP to a close.
Mytheresa Acquires Yoox Net-a-Porter From Richemont in Equity Deal
Under the terms of the transaction, Richemont will take a 33 percent stake in Mytheresa. The deal brings Richemont’s years-long slog to offload the troubled YNAP to a close.
Luxury
Watches of Switzerland Acquires Hodinkee
The deal aims strengthen the British company’s online presence in the US, leveraging Hodinkee’s strong editorial content despite the latter’s struggles in the used watch market.
Watches of Switzerland Acquires Hodinkee
The deal aims strengthen the British company’s online presence in the US, leveraging Hodinkee’s strong editorial content despite the latter’s struggles in the used watch market.
Beauty
CVS to Lay Off 2,900 Employees, Considering Company Breakup
The drugstore chain is implementing a restructuring plan and has retained bankers to review a possible split of its stores and insurance businesses.
CVS to Lay Off 2,900 Employees, Considering Company Breakup
The drugstore chain is implementing a restructuring plan and has retained bankers to review a possible split of its stores and insurance businesses.
Luxury
Mulberry Wants to Go It Alone, Rejects Frasers Takeover Bid
Mulberry Group Plc has rebuffed a 130 pence-a-share takeover bid from Mike Ashley’s Frasers Group, asserting confidence in its new CEO’s ability to revitalise the brand.
Mulberry Wants to Go It Alone, Rejects Frasers Takeover Bid
Mulberry Group Plc has rebuffed a 130 pence-a-share takeover bid from Mike Ashley’s Frasers Group, asserting confidence in its new CEO’s ability to revitalise the brand.
Global Markets
Central Group Acquires Swiss Luxury Chain Globus
Thailand’s Central is taking control of Globus’ seven department stores from Rene Benko’s insolvent Signa group.
Central Group Acquires Swiss Luxury Chain Globus
Thailand’s Central is taking control of Globus’ seven department stores from Rene Benko’s insolvent Signa group.
Luxury
Wall Street Bets on $8.5 Billion Fashion Deal’s Fate in Trial
US antitrust enforcers face a pivotal moment on Monday as a federal judge hears closing arguments in their bid to block Tapestry Inc.’s $8.5 billion merger with Capri Holdings Ltd., a decision that could significantly impact hedge funds and investors banking on the deal’s outcome.
Wall Street Bets on $8.5 Billion Fashion Deal’s Fate in Trial
US antitrust enforcers face a pivotal moment on Monday as a federal judge hears closing arguments in their bid to block Tapestry Inc.’s $8.5 billion merger with Capri Holdings Ltd., a decision that could significantly impact hedge funds and investors banking on the deal’s outcome.
Beauty
Euroitalia Acquires Moschino Beauty Brand From Aeffe
Euroitalia, longtime Moschino licensee, paid $109 million to acquire the brand's beauty rights.
Euroitalia Acquires Moschino Beauty Brand From Aeffe
Euroitalia, longtime Moschino licensee, paid $109 million to acquire the brand's beauty rights.
Beauty
Buyout Firm L Catterton to Acquire Majority Stake in Pilates Chain Solidcore
The deal values the company at around $650 million and adds to L Catterton’s fitness portfolio which also includes a prior investment in the upscale gym chain Equinox.
Buyout Firm L Catterton to Acquire Majority Stake in Pilates Chain Solidcore
The deal values the company at around $650 million and adds to L Catterton’s fitness portfolio which also includes a prior investment in the upscale gym chain Equinox.
The News in Brief
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.