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
Beauty
Beauty’s Most Sought-After M&A Targets in 2024
Now that the market has stabilised, beauty brands of all shapes and sizes are eager to get their dues. The Business of Beauty identifies the top targets of the year including Kosas, Summer Fridays and Selena Gomez’s Rare Beauty.
Beauty’s Most Sought-After M&A Targets in 2024
Now that the market has stabilised, beauty brands of all shapes and sizes are eager to get their dues. The Business of Beauty identifies the top targets of the year including Kosas, Summer Fridays and Selena Gomez’s Rare Beauty.
Beauty
Puig Acquires Dr. Barbara Sturm
The Spanish beauty and fashion conglomerate has taken a majority stake in the German premium skincare brand.
Puig Acquires Dr. Barbara Sturm
The Spanish beauty and fashion conglomerate has taken a majority stake in the German premium skincare brand.
Direct-to-Consumer
DTC Brands See a Long-Delayed Path to Exit in 2024
While the DTC landscape’s turbulence isn’t completely over for brands, the prospect of a better economy in 2024 is encouraging profitable brands that shied away from M&A last year to start preparing for an exit.
DTC Brands See a Long-Delayed Path to Exit in 2024
While the DTC landscape’s turbulence isn’t completely over for brands, the prospect of a better economy in 2024 is encouraging profitable brands that shied away from M&A last year to start preparing for an exit.
Global Markets
Competition Heats Up in India’s Jewellery Sector
Global brands must navigate a jewellery market dominated by local giants with nationwide store networks looking to expand overseas and acquire domestic rivals.
Competition Heats Up in India’s Jewellery Sector
Global brands must navigate a jewellery market dominated by local giants with nationwide store networks looking to expand overseas and acquire domestic rivals.
Retail
Farfetch Found Its White Knight. What’s Next?
The South Korean e-commerce firm Coupang has saved Farfetch from potential bankruptcy, and could use its logistical and marketing might to solve some of the luxury e-tailer’s seemingly intractable problems. But “everything stores” have a spotty track record when it comes to high-end retail.
Farfetch Found Its White Knight. What’s Next?
The South Korean e-commerce firm Coupang has saved Farfetch from potential bankruptcy, and could use its logistical and marketing might to solve some of the luxury e-tailer’s seemingly intractable problems. But “everything stores” have a spotty track record when it comes to high-end retail.
Luxury
Farfetch Seeks Last-Minute Bailout to Avoid Insolvency
Farfetch is in discussions with a liquidity provider to secure $500 million in emergency funding, in a deal that would also take the company private and wipe out shareholders, according to a report from The Sunday Times.
Farfetch Seeks Last-Minute Bailout to Avoid Insolvency
Farfetch is in discussions with a liquidity provider to secure $500 million in emergency funding, in a deal that would also take the company private and wipe out shareholders, according to a report from The Sunday Times.
Marketing
The Independents Strengthens Events Capabilities With Two New Acquisitions
The communications giant has acquired two production agencies, Atelier Lum and INCA Productions, bolstering its expertise and reach within the experiential sector.
The Independents Strengthens Events Capabilities With Two New Acquisitions
The communications giant has acquired two production agencies, Atelier Lum and INCA Productions, bolstering its expertise and reach within the experiential sector.
Luxury
Breitling Buys Watchmaker Universal Genève in First Major Deal
The deal marks a turning point for Breitling, which jumped into the top 10 Swiss watch companies by sales in 2022, as it becomes a watchmaking group.
Breitling Buys Watchmaker Universal Genève in First Major Deal
The deal marks a turning point for Breitling, which jumped into the top 10 Swiss watch companies by sales in 2022, as it becomes a watchmaking group.
Retail
Unpacking Macy’s Surprise Buyout Offer
Wall Street says the $5.8 billion bid for the American department store chain comes below even the most conservative estimates for the value of Macy’s real estate properties alone.
Unpacking Macy’s Surprise Buyout Offer
Wall Street says the $5.8 billion bid for the American department store chain comes below even the most conservative estimates for the value of Macy’s real estate properties alone.
Retail
Macy’s Investors Mount $5.8 Billion Buyout Bid
Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private.
Macy’s Investors Mount $5.8 Billion Buyout Bid
Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private.
Luxury
Farfetch Seeks ‘White Knight’ to Avert Collapse, Sources Say
The e-commerce giant is seeking a cash injection to avert a collapse that could send shockwaves across the fashion industry. So far nobody has come to the table and time is running out, but founder Jose Neves may yet have a move up his sleeve.
Farfetch Seeks ‘White Knight’ to Avert Collapse, Sources Say
The e-commerce giant is seeking a cash injection to avert a collapse that could send shockwaves across the fashion industry. So far nobody has come to the table and time is running out, but founder Jose Neves may yet have a move up his sleeve.
Global Markets
Africa’s Top Clothing Retailer Pepkor Pushes Expansion in Brazil
Success in Brazil will allow Pepkor to consider further expansion in other emerging markets, chief executive Pieter Erasmus said.
Africa’s Top Clothing Retailer Pepkor Pushes Expansion in Brazil
Success in Brazil will allow Pepkor to consider further expansion in other emerging markets, chief executive Pieter Erasmus said.
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.