Both companies that previously comprised one of Brazil’s largest apparel exporters will retain a stake in Farm Rio after separating.
The maker of the popular low-calorie, zero-sugar David protein bars raised $250 million in a funding round that values the company at $2.25 billion — three times the valuation last year.
The deal includes Nature’s Bounty, Ester-C and Gard, as well as its private-label supplement business.
‘The basic plan is to layer on growth,’ said WHP chairman Yehuda Shmidman.
Shein spent years trying to distance itself from China, only to discover that the supply chain underpinning its success was the one thing it couldn’t leave behind. That very ecosystem now appears to be the main beneficiary of a long, tortuous listing writes Bloomberg’s Juliana Liu.
The contemporary label is betting it can use its back-end logistics and wholesale relationships to accelerate Drake’s 15-year-old streetwear label while initiating a broader multi-brand platform for Vince.
The company has tried to address ESG concerns that have triggered regulatory investigations and fines in several countries, but many of those challenges remain and could weigh it down even after its market debut.
A review by an interagency panel led by the US Treasury Department began after the $80 million transaction was completed in May, according to the people familiar with the matter.
The company is set to debut on the Hong Kong stock exchange on Sept. 1 and is seeking to raise as much as $1.8 billion in its long-awaited IPO, according to a filing.
The group increased its stake in the luxury brand to 48 percent, less than a week after its acquisition of department store chain Harvey Nichols.
This week, the American company will report its earnings after a quarter that saw an abandoned merger, scrapped brand divestments and executive reshuffling. How will the market react?
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
Eli Lilly & Co. raised its full-year sales forecast as demand for its blockbuster obesity and diabetes drugs continues to surge, giving the drugmaker more momentum as it expands into pills and develops even more powerful weight-loss treatments.
The move relaxes rules to access some peptide compounds for recovery, sleep and cognition and will require pharmacies to notify regulators about adverse events.
The German sneaker brand on Thursday reported strong growth in apparel and sports gear, led by running, training and football products, elaborating on preliminary results published last week.
The decision underscores the challenge Japanese retailers face as persistent inflation squeezes household budgets.
Ahead of its first Capital Markets Day in Madrid, the Spanish beauty group has unveiled its “Vision 2032” and detailed its plans to grow its share of the global fragrance market.
Private equity firms CVC Capital Partners and Cinven, along with Spanish beauty group Puig, are considering acquiring Parfums de Marly, the luxury fragrance brand owned by Advent International, two people familiar with the matter told Reuters.
The UK conglomerate raised its annual volume growth forecast on beauty, personal and home care demand, despite a lagging food sector and the impact of geopolitical conflict on costs.
The fashion editor and stylist is reuniting with longtime collaborator Alastair McKimm, chief creative officer of Wonderland parent Visual Talent Ltd.