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
Report: Estée Lauder Seeks €5 Billion Funding for Puig Deal
The US cosmetics giant has hired JP Morgan to take the lead on structuring a finance package of about €5 billion to fund its potential tie-up with Puig.
Report: Estée Lauder Seeks €5 Billion Funding for Puig Deal
The US cosmetics giant has hired JP Morgan to take the lead on structuring a finance package of about €5 billion to fund its potential tie-up with Puig.
Luxury
Kering Takes Stake in Icicle Owner ICCF
The French group said it would support the international expansion of ICCF’s flagship label Icicle while drawing on ICCF’s expertise in China as part of a major strategic overhaul.
Kering Takes Stake in Icicle Owner ICCF
The French group said it would support the international expansion of ICCF’s flagship label Icicle while drawing on ICCF’s expertise in China as part of a major strategic overhaul.
Luxury
Golden Goose Looks to Bond Sale to Fund Private Equity Buyout
The Italian footwear brand has begun marketing an €880 million bond sale to finance its acquisition by Chinese firm HSG.
Golden Goose Looks to Bond Sale to Fund Private Equity Buyout
The Italian footwear brand has begun marketing an €880 million bond sale to finance its acquisition by Chinese firm HSG.
Beauty
Unilever to Buy Supplements Brand Grüns, Boosting Wellbeing Focus
Unilever said on Thursday it will buy US-based nutritional supplements brand Grüns for an undisclosed amount, as the British consumer goods giant increases its focus on wellbeing and beauty products.
Unilever to Buy Supplements Brand Grüns, Boosting Wellbeing Focus
Unilever said on Thursday it will buy US-based nutritional supplements brand Grüns for an undisclosed amount, as the British consumer goods giant increases its focus on wellbeing and beauty products.
Beauty
Puig, Estée Lauder Founding Families to Meet for Combination Talks
The founding families of the Spanish firm and US cosmetics giant will meet this week in New York to negotiate the terms of a potential business combination, a source said.
Puig, Estée Lauder Founding Families to Meet for Combination Talks
The founding families of the Spanish firm and US cosmetics giant will meet this week in New York to negotiate the terms of a potential business combination, a source said.
Global Markets
Worldview | Nykaa Confirms Acquisition Talks With Deepika Padukone’s 82°E
This week’s round-up of global markets fashion business news also features Vietnam’s textile exports, India’s gold prices and China’s new e-commerce guidelines.
Worldview | Nykaa Confirms Acquisition Talks With Deepika Padukone’s 82°E
This week’s round-up of global markets fashion business news also features Vietnam’s textile exports, India’s gold prices and China’s new e-commerce guidelines.
Beauty
Nykaa in Talks to Acquire Deepika Padukone’s 82°E
The retailer confirmed negotiations to acquire a majority stake in the clean skincare brand, as it looks to further consolidate its foothold in the booming Indian beauty market.
Nykaa in Talks to Acquire Deepika Padukone’s 82°E
The retailer confirmed negotiations to acquire a majority stake in the clean skincare brand, as it looks to further consolidate its foothold in the booming Indian beauty market.
Beauty
Beauty’s New Challenger Conglomerate Has Always Been Here
By shedding its food and ice cream businesses, Unilever is betting big on beauty. But matching the scale, valuation and category depth of rivals like L’Oréal and The Estée Lauder Companies will require sharper focus and strategic discipline.
Beauty’s New Challenger Conglomerate Has Always Been Here
By shedding its food and ice cream businesses, Unilever is betting big on beauty. But matching the scale, valuation and category depth of rivals like L’Oréal and The Estée Lauder Companies will require sharper focus and strategic discipline.
Beauty
L’Oréal Completes $4.6 Billion Acquisition of Kering Beauty
The two groups have also established an ongoing, broader strategic partnership that will focus on opportunities at the intersection of luxury, wellness and longevity.
L’Oréal Completes $4.6 Billion Acquisition of Kering Beauty
The two groups have also established an ongoing, broader strategic partnership that will focus on opportunities at the intersection of luxury, wellness and longevity.
Sports
Nike’s Struggling Converse Unit Has Suitor in Authentic Brands
The brand management firm has expressed interest in buying Converse if it’s put up for sale, though Nike has said it doesn’t plan to part ways with the struggling sneaker label.
Nike’s Struggling Converse Unit Has Suitor in Authentic Brands
The brand management firm has expressed interest in buying Converse if it’s put up for sale, though Nike has said it doesn’t plan to part ways with the struggling sneaker label.
Retail
Allbirds to Be Bought by American Exchange for $39 Million
The brand management group, whose portfolio and licensing partnerships include labels like Aerosoles and Ed Hardy, has agreed to buy all assets and intellectual property of the once-buzzy footwear brand.
Allbirds to Be Bought by American Exchange for $39 Million
The brand management group, whose portfolio and licensing partnerships include labels like Aerosoles and Ed Hardy, has agreed to buy all assets and intellectual property of the once-buzzy footwear brand.
Beauty
Henkel to Acquire Olaplex For $1.4 Billion
The German firm has entered a definitive agreement to buy Olaplex, the hair-care brand that developed a cult following for its shampoos and other treatments.
Henkel to Acquire Olaplex For $1.4 Billion
The German firm has entered a definitive agreement to buy Olaplex, the hair-care brand that developed a cult following for its shampoos and other treatments.
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.