John Lewis Managing Director Quits Job After Less Than Three Years
Peter Ruis' surprise departure comes as the company faces “really tough” trading conditions.
mergers-acquisitions
Luxury
Tapestry Is Acquiring Michael Kors, Versace and Jimmy Choo in $8.5 Billion Deal
The parent company of Coach is taking control of the brands, owned by Capri Holdings, to add heft to its portfolio and better compete with Europe’s luxury heavyweights.
Tapestry Is Acquiring Michael Kors, Versace and Jimmy Choo in $8.5 Billion Deal
The parent company of Coach is taking control of the brands, owned by Capri Holdings, to add heft to its portfolio and better compete with Europe’s luxury heavyweights.
Luxury
Report: Tapestry in Talks to Buy Capri
The owner of Coach is nearing a deal to buy Michael Kors and Versace owner Capri Holdings, according to a report in the Wall Street Journal.
Report: Tapestry in Talks to Buy Capri
The owner of Coach is nearing a deal to buy Michael Kors and Versace owner Capri Holdings, according to a report in the Wall Street Journal.
Retail
JD Sports to Take Full Ownership of Poland’s MIG
Britain’s biggest sportswear retailer JD Sports Fashion, said on Tuesday it will acquire the remaining 40 percent stake it does not own in Marketing Investment Group (MIG) from the Polish retailer’s minority shareholders.
JD Sports to Take Full Ownership of Poland’s MIG
Britain’s biggest sportswear retailer JD Sports Fashion, said on Tuesday it will acquire the remaining 40 percent stake it does not own in Marketing Investment Group (MIG) from the Polish retailer’s minority shareholders.
Retail
Advent Buys Zimmermann in $1 Billion Deal
The private equity giant is acquiring a majority stake in Australian fashion brand from the founding family and Italian fund Style Capital.
Advent Buys Zimmermann in $1 Billion Deal
The private equity giant is acquiring a majority stake in Australian fashion brand from the founding family and Italian fund Style Capital.
Retail
Advent Nears $1 Billion Deal for Zimmermann
Private equity firm Advent International is nearing a deal to acquire Zimmermann in a transaction valuing the Australian fashion brand at about $1 billion, people familiar with the matter said.
Advent Nears $1 Billion Deal for Zimmermann
Private equity firm Advent International is nearing a deal to acquire Zimmermann in a transaction valuing the Australian fashion brand at about $1 billion, people familiar with the matter said.
Global Markets
Japanese Beauty Giant Kao Corporation to Acquire Australia’s Bondi Sands
The Tokyo-based group behind brands such as John Frieda, Jergens and Bioré and the Melbourne company known for its sunscreen and self-tanning products did not disclose terms of the deal.
Japanese Beauty Giant Kao Corporation to Acquire Australia’s Bondi Sands
The Tokyo-based group behind brands such as John Frieda, Jergens and Bioré and the Melbourne company known for its sunscreen and self-tanning products did not disclose terms of the deal.
Retail
Five Key Questions on Kering and Mayhoola’s Valentino Deal
The French group will pay €1.7 billion for 30 percent of the Italian couture house as the first step in a broader partnership with owner Mayhoola. What will the deal mean for Kering, Valentino, Mayhoola and the wider fashion landscape?
Five Key Questions on Kering and Mayhoola’s Valentino Deal
The French group will pay €1.7 billion for 30 percent of the Italian couture house as the first step in a broader partnership with owner Mayhoola. What will the deal mean for Kering, Valentino, Mayhoola and the wider fashion landscape?
Luxury
Luxury Slowdown? Not So Fast
Momentum in China and tourist spend in Europe enabled the sector to continue growing in Q2, while Kering’s surprise acquisition of a 30 percent stake in Valentino suggests there is more consolidation to come, writes Imran Amed.
Luxury Slowdown? Not So Fast
Momentum in China and tourist spend in Europe enabled the sector to continue growing in Q2, while Kering’s surprise acquisition of a 30 percent stake in Valentino suggests there is more consolidation to come, writes Imran Amed.
Direct-to-Consumer
Tamara Mellon Announces Partnership With Footwear Licensing Company
Luxury shoe designer Tamara Mellon is partnering with licensing company Titan Industries to operate and manufacture her namesake brand, the two companies announced Friday.
Tamara Mellon Announces Partnership With Footwear Licensing Company
Luxury shoe designer Tamara Mellon is partnering with licensing company Titan Industries to operate and manufacture her namesake brand, the two companies announced Friday.
Luxury
Richemont Takes Controlling Stake in Gianvito Rossi
The deal with the Italian shoe brand boosts hard-luxury specialist Richemont’s position in the fashion space.
Richemont Takes Controlling Stake in Gianvito Rossi
The deal with the Italian shoe brand boosts hard-luxury specialist Richemont’s position in the fashion space.
Luxury
With Gucci Stalled, Kering Enters Deal for Valentino
The French group has the option to acquire 100 percent of the Italian label within five years. Kering chairman François-Henri Pinault described the deal as a ‘first step’ in a broader partnership with Qatari investment fund Mayhoola.
With Gucci Stalled, Kering Enters Deal for Valentino
The French group has the option to acquire 100 percent of the Italian label within five years. Kering chairman François-Henri Pinault described the deal as a ‘first step’ in a broader partnership with Qatari investment fund Mayhoola.
Luxury
Italian Fashion Groups Set Aside Rivalries to Preserve ‘Made in Italy’
Prada, Zegna and others have started teaming up to protect their supply chains, showing a new spirit of collaboration.
Italian Fashion Groups Set Aside Rivalries to Preserve ‘Made in Italy’
Prada, Zegna and others have started teaming up to protect their supply chains, showing a new spirit of collaboration.
The News in Brief
Harvey Nichols Warns It Could Collapse Without Rescue Deal
The upscale department store says it will not be able to survive another year without new investment, as bidders for the chain circle.
Shein IPO Value Could Fall Short of $30 Billion Targeted by Some Investors
Bloomberg Intelligence estimates the ultra-fast fashion retailer supports a valuation of $22 billion to $25 billion, well below the roughly $30 billion valuation some investors have pushed for.
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.
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.