Ralph Lauren’s Quarterly Revenue Forecast Disappoints, Sending Shares Down
Expectations for the brand to sustain a rapid pace of growth set a high bar, leaving investors disappointed even as its raised its annual outlook.
mergers-acquisitions
Retail
Can L Catterton Scale Kapital Without Sacrificing Its Soul?
The cult Japanese label known for craftsmanship and individuality is an unprecedented M&A target that presents unique challenges and opportunities for growth.
Luxury
Christian Lacroix Is Acquired by Sociedad Texil Lonia
The couturier Christian Lacroix, who now designs costumes for ballet and opera productions, will not be formally involved with the brand in an official capacity.
Beauty
Beauty’s Top M&A Targets for 2025
After a slow year for acquisitions, brands and investors alike are hoping that 2025 will yield bigger exits. But with most strategic buyers like L’Oréal and Estée Lauder operating with an even narrower lens, only a select few firms will make it.
Retail
Laura Ashley Bought by US Owner of Ben Sherman
The British brand known for its floral fashion and home furnishings has been acquired by New York-based Marquee Brands, which plans to expand its lifestyle offerings while retaining the UK team and opening its first European headquarters in London.
Beauty
The Best of BoF 2024: The Big Beauty M&A Year That Wasn’t
Despite a raft of attractive, buzzy brands beginning sales processes, many of beauty’s big conglomerates didn’t open their wallets this year.
Retail
Saks Finalises Acquisition of Neiman Marcus Group
The $2.7 billion merger counts Amazon, G-III Apparel Group and Authentic Brands Group as investors.
News & Analysis
The Top 10 Stories that Shaped Fashion in 2024
BoF looks back at the news that changed the industry this year — and will define the fashion agenda in 2025.
Beauty
Puig to Assume Full Ownership of Charlotte Tilbury in 2031
The Spanish company extended its partnership with the eponymous founder of Charlotte Tilbury, who will retain a minority stake in the brand until 2031.
Marketing
Lucien Pagès Joins The Independents
The agency founded by Paris public relations star Lucien Pagès is being acquired by the fashion communications giant that owns Karla Otto, Bureau Betak and more.
Beauty
Bic Buys Tangle Teezer for $210 Million
The consumer goods firm, which also makes a range of stationery, lighters and razors, has acquired the hair brush firm from its private equity owners.
Luxury
LVMH Extends Its Bet on Luxury Hospitality With Fontenille Deal
LVMH Moët Hennessy Louis Vuitton SE has bought a stake of about 20 percent in Les Domaines de Fontenille, according to a person familiar with the transaction who declined to provide the entity’s value.
Beauty
Kosé Acquires Thai Beauty Brand Pañpuri
The Bangkok-based brand will join the Japanese conglomerate's portfolio, which includes cosmetics maker Tarte and luxury skincare line Decorté.
The News in Brief
Tapestry Lifts Outlook as Young Shoppers Snap Up Coach Bags
Shares rose in early trading after the company raised its revenue and profit forecasts, even as the broader luxury sector grapples with a slowdown.
Chanel Beauty Opens Alpine-Inspired Activation at Harrods
The luxury beauty label has taken over a corner of the department store's ground floor with a gifting suite.
Bangladesh Agrees New Garment Pay Scale From December Amid Protests
The government has yet determine the details of revised wage levels as it scrambles to manage days of protests that have disrupted the country’s garment industry.
China Wealth Crackdown Lifts Hong Kong Watch and Jewellery Sales
Rich shoppers are turning to gold and gemstones to preserve wealth, softening the blow for luxury giants like Hermès and Richemont as Beijing tightens its grip on overseas assets.
Australian Department Store David Jones Collapses After Almost 200 Years
The template of vast stores with dozens of fashion brands, beauty products and other accessories succumbed as the digital era drove shoppers to cheaper, nimbler online rivals.
Coty Tops Estimates on Prestige Brands Boost Amid Turnaround
The US cosmetics conglomerate said launches from Marc Jacobs and Burberry helped boost revenues, though its full-year guidance is below consensus.
E.l.f. Beauty Sales Lift 51%
The US cosmetics giant raised its full-year sales outlook to over $2 billion as Rhode’s global expansion continues to power its revenue growth.