Thom Bettridge to Step Down as I-D Editor in Chief
Global editorial director Steff Yotka will succeed Bettridge, who is leaving to focus on his creative studio Content World.
mergers-acquisitions
Retail
What the Fed’s Big Rate Cut Means for Fashion
The US Federal Reserve’s first interest rate cut since the pandemic will make borrowing cheaper. Ideally, it will ease pressure on some brands and retailers, encourage investment and drive more spending from shoppers.
What the Fed’s Big Rate Cut Means for Fashion
The US Federal Reserve’s first interest rate cut since the pandemic will make borrowing cheaper. Ideally, it will ease pressure on some brands and retailers, encourage investment and drive more spending from shoppers.
Luxury
Michael Kors Highlights Handbag Market Diversity in FTC Hearing
Michael Kors testified about the nature of the competitive landscape of the handbag market, as the FTC scrutinises Tapestry’s $8.5 billion acquisition of Capri Holdings.
Michael Kors Highlights Handbag Market Diversity in FTC Hearing
Michael Kors testified about the nature of the competitive landscape of the handbag market, as the FTC scrutinises Tapestry’s $8.5 billion acquisition of Capri Holdings.
Beauty
Cassandra Grey Buys Back Violet Grey — With Some Help
The cult beauty retailer’s founder teamed up with investor Sherif Guirgis to acquire the business back from Coupang, the South Korean owner of Farfetch.
Cassandra Grey Buys Back Violet Grey — With Some Help
The cult beauty retailer’s founder teamed up with investor Sherif Guirgis to acquire the business back from Coupang, the South Korean owner of Farfetch.
Partner Content
Scotch & Soda’s Next Chapter
Scotch & Soda is relaunching with a new strategic focus, backed by new owners Bluestar Alliance. BoF learns more.
Scotch & Soda’s Next Chapter
Scotch & Soda is relaunching with a new strategic focus, backed by new owners Bluestar Alliance. BoF learns more.
Beauty
Dubai-Based Huda Beauty Weighs Sale of Fragrance Division
The company is considering selling its Kayali perfume division, with Goldman Sachs advising, to potentially allow the brands to operate independently and enable the buyout of TSG Consumer Partners’ stake.
Dubai-Based Huda Beauty Weighs Sale of Fragrance Division
The company is considering selling its Kayali perfume division, with Goldman Sachs advising, to potentially allow the brands to operate independently and enable the buyout of TSG Consumer Partners’ stake.
Beauty
L Catterton Acquires Latvian Bath and Body Brand Stenders
The premium bath and body care line will join L Catterton’s portfolio of beauty brands, which includes cosmetics line Merit and skincare maker Tula.
L Catterton Acquires Latvian Bath and Body Brand Stenders
The premium bath and body care line will join L Catterton’s portfolio of beauty brands, which includes cosmetics line Merit and skincare maker Tula.
Luxury
The Coach-Michael Kors Deal Has Its Day in Court
Hours before its runway show during New York Fashion Week on Monday, Coach’s parent company, Tapestry, faced off with the FTC to prove its $8 billion acquisition of Michael Kors’ owner Capri isn’t anti-competitive.
The Coach-Michael Kors Deal Has Its Day in Court
Hours before its runway show during New York Fashion Week on Monday, Coach’s parent company, Tapestry, faced off with the FTC to prove its $8 billion acquisition of Michael Kors’ owner Capri isn’t anti-competitive.
Retail
French Brand Sessùn Sells Majority Stake to Italian Fund, Eyeing International Expansion
Italian private equity Quadrivio acquired a majority stake from Experienced Capital and the brand’s founder. With growth outside France in focus, investing in brand awareness takes centre stage.
French Brand Sessùn Sells Majority Stake to Italian Fund, Eyeing International Expansion
Italian private equity Quadrivio acquired a majority stake from Experienced Capital and the brand’s founder. With growth outside France in focus, investing in brand awareness takes centre stage.
Retail
Asos Cedes Topshop to Denmark’s Bestseller for $178 Million
Asos is forming a joint venture with the family’s Heartland A/S, which will pay £135 million ($178 million) for a 75 percent stake in the two brands the UK company acquired in 2021 from Philip Green’s insolvent retail business as part of a £295 million deal.
Asos Cedes Topshop to Denmark’s Bestseller for $178 Million
Asos is forming a joint venture with the family’s Heartland A/S, which will pay £135 million ($178 million) for a 75 percent stake in the two brands the UK company acquired in 2021 from Philip Green’s insolvent retail business as part of a £295 million deal.
Marketing
The Independents Expands to Middle East With Latest Acquisition
The Independents is buying Bureau Béatrice, a multi-media and creative technology agency based in Dubai, United Arab Emirates.
The Independents Expands to Middle East With Latest Acquisition
The Independents is buying Bureau Béatrice, a multi-media and creative technology agency based in Dubai, United Arab Emirates.
Retail
Walmart Sells $3.74 Billion JD.com Stake to Focus on Its Own China Operations
The US retail giant plans to double down on its warehouse business Sam’s Club in China after the stake sale that underscores the country’s e-commerce sector, once an investor darling, is losing its appeal as it grapples with poor margins due to brutal price competition and weak consumer demand.
Walmart Sells $3.74 Billion JD.com Stake to Focus on Its Own China Operations
The US retail giant plans to double down on its warehouse business Sam’s Club in China after the stake sale that underscores the country’s e-commerce sector, once an investor darling, is losing its appeal as it grapples with poor margins due to brutal price competition and weak consumer demand.
Retail
Branded Resale Provider Trove Acquires Recurate, a Competitor in the Space
The acquisition will position Trove as a leader in the sector, enabling the company to now account for 75 percent of branded resale traffic in the US, it announced Tuesday.
Branded Resale Provider Trove Acquires Recurate, a Competitor in the Space
The acquisition will position Trove as a leader in the sector, enabling the company to now account for 75 percent of branded resale traffic in the US, it announced Tuesday.
The News in Brief
Under Armour Forecasts Steeper Annual Sales Decline
The athletic apparel maker is struggling with weak consumer demand amid macroeconomic uncertainty in its key North American market.
Skims to Enter India Through Partnership With Reliance Brands
The luxury arm of Reliance Retail will operate the Skims brand across physical and digital channels, beginning with Delhi and Mumbai.
Vogue World 2027 Will Be Held in San Francisco
The sixth edition of the annual runway spectacle will return to the US after this year's outing in Milan.
Capri Cuts Revenue Outlook as Iran War Hits Michael Kors Sales
Congestion at ports in Asia combined with weaker demand across Europe and emerging markets from the war hurt sales, the company said.
Sydney Towle, Influencer and Health Activist, Has Died
Towle, known for sharing her life as a young woman living with cancer, passed away aged 26 on Wednesday.
Ralph Lauren Beats Estimates on Demand From Affluent Shoppers
Strong sales among young and affluent shoppers helped drive quarterly revenue above analysts' expectations.
Kenvue Misses Estimates as Inflation, Tariffs Squeeze Margins
The US consumer health company and parent of Neutrogena narrowly missed Wall Street estimates for second-quarter results as tariffs and currency-related costs offset sales gains.