Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
mergers-acquisitions
Beauty
Exclusive: Bridgepoint Group to Acquire Obagi Medical
The UK investment firm has agreed to purchase the clinical skincare label from Waldencast for $460 million, with co-founders Michel Brousset and Hind Sebti departing the beauty conglomerate to join Bridgepoint.
Exclusive: Bridgepoint Group to Acquire Obagi Medical
The UK investment firm has agreed to purchase the clinical skincare label from Waldencast for $460 million, with co-founders Michel Brousset and Hind Sebti departing the beauty conglomerate to join Bridgepoint.
Beauty
Estée Lauder Exits Puig Talks With Firepower for Selective M&A
Analysts called the move prudent and said it left the US firm with more flexibility to pursue other acquisitions.
Estée Lauder Exits Puig Talks With Firepower for Selective M&A
Analysts called the move prudent and said it left the US firm with more flexibility to pursue other acquisitions.
Beauty
Why the Estée Lauder and Puig Deal Collapsed
The much-telegraphed potential merger fell apart after months of negotiations, the two companies confirmed on Thursday, as they face up to the limits of their strengths and weaknesses.
Why the Estée Lauder and Puig Deal Collapsed
The much-telegraphed potential merger fell apart after months of negotiations, the two companies confirmed on Thursday, as they face up to the limits of their strengths and weaknesses.
Retail
Authentic Brands to Buy Lee Denim in Up to $1 Billion Deal
The brand management firm will buy the denim label from owner Kontoor Brands for an initial $750 million payment and a potential $250 million earnout tied to future performance.
Authentic Brands to Buy Lee Denim in Up to $1 Billion Deal
The brand management firm will buy the denim label from owner Kontoor Brands for an initial $750 million payment and a potential $250 million earnout tied to future performance.
Media
James Murdoch Buys New York Magazine
In a deal announced Wednesday, Murdoch’s media and technology holding, Lupa Systems, acquired the publication, as well as the Vox website and podcast network.
James Murdoch Buys New York Magazine
In a deal announced Wednesday, Murdoch’s media and technology holding, Lupa Systems, acquired the publication, as well as the Vox website and podcast network.
Luxury
Giambattista Valli Buys Back Namesake Label From Artémis
The return to independence follows the abrupt cancelling of fashion shows earlier this year.
Giambattista Valli Buys Back Namesake Label From Artémis
The return to independence follows the abrupt cancelling of fashion shows earlier this year.
Luxury
Exclusive: Marquee Brands to Acquire Roberto Cavalli
The Italian brand known for its animal prints and flamboyant aesthetic will be taken over by the brand management company behind Martha Stewart.
Exclusive: Marquee Brands to Acquire Roberto Cavalli
The Italian brand known for its animal prints and flamboyant aesthetic will be taken over by the brand management company behind Martha Stewart.
Retail
Reports: Shein Acquires Everlane
The Chinese e-commerce giant is buying the US apparel retailer from majority owner L Catterton at a steep discount to the valuations it commanded at the height of the e-commerce boom, Puck and The Information reported.
Reports: Shein Acquires Everlane
The Chinese e-commerce giant is buying the US apparel retailer from majority owner L Catterton at a steep discount to the valuations it commanded at the height of the e-commerce boom, Puck and The Information reported.
Beauty
Kenvue Beats First-Quarter Estimates Amid Pending Acquisition by Kimberly-Clark
Tylenol-maker Kenvue on Thursday beat Wall Street estimates for first-quarter revenue and profit helped by strong sales in its skin health and beauty brands.
Kenvue Beats First-Quarter Estimates Amid Pending Acquisition by Kimberly-Clark
Tylenol-maker Kenvue on Thursday beat Wall Street estimates for first-quarter revenue and profit helped by strong sales in its skin health and beauty brands.
Beauty
Reliance Retail Acquires Priyanka Chopra Jonas’ Hair Care Brand Anomaly
The company will leverage its omnichannel network to scale the label, citing India as a priority market.
Reliance Retail Acquires Priyanka Chopra Jonas’ Hair Care Brand Anomaly
The company will leverage its omnichannel network to scale the label, citing India as a priority market.
Beauty
Estée Lauder Considers Bid for Puig at €18-19 per Share, Source Says
Cosmetics giant Estée Lauder is considering launching a takeover bid for all of Puig’s Class B shares at 18 to 19 euros ($21 to $22.20) a share, said a source close to the matter.
Estée Lauder Considers Bid for Puig at €18-19 per Share, Source Says
Cosmetics giant Estée Lauder is considering launching a takeover bid for all of Puig’s Class B shares at 18 to 19 euros ($21 to $22.20) a share, said a source close to the matter.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.