Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
mergers-acquisitions
Retail
Mike Ashley’s Frasers Boosts Hugo Boss Stake to Over 30%
After crossing the 30 percent ownership threshold, Frasers is now required to make a mandatory takeover bid under German rules.
Mike Ashley’s Frasers Boosts Hugo Boss Stake to Over 30%
After crossing the 30 percent ownership threshold, Frasers is now required to make a mandatory takeover bid under German rules.
Beauty
Estée Lauder Companies Won’t Sell Too Faced, Smashbox and Dr. Jart
After exploring a sale process for the three lines, the conglomerate has decided to hold on to the brands with significantly streamlined teams.
Estée Lauder Companies Won’t Sell Too Faced, Smashbox and Dr. Jart
After exploring a sale process for the three lines, the conglomerate has decided to hold on to the brands with significantly streamlined teams.
Beauty
Estée Lauder Boosts Cost of Restructuring Moves to $1.75 Billion
The US conglomerate forecasts restructuring costs of $1.75 billion, up from $1.55 billion previously, owing to job cuts and workforce reductions in addition to other expenses.
Estée Lauder Boosts Cost of Restructuring Moves to $1.75 Billion
The US conglomerate forecasts restructuring costs of $1.75 billion, up from $1.55 billion previously, owing to job cuts and workforce reductions in addition to other expenses.
Beauty
Report: Boots Entertains $10 Billion Sale Amid IPO Talks
Private equity firm Sycamore Partners and Italian entrepreneur Stefano Pessina are exploring an initial public offering for the pharmacy chain, but are also in talks with the Canadian branch of the billionaire Weston family about a $10 billion sale.
Report: Boots Entertains $10 Billion Sale Amid IPO Talks
Private equity firm Sycamore Partners and Italian entrepreneur Stefano Pessina are exploring an initial public offering for the pharmacy chain, but are also in talks with the Canadian branch of the billionaire Weston family about a $10 billion sale.
Marketing
The Independents Acquires Production Firm Phantasm Group
The latest in The Independents’ agency acquisition spree, the Paris-based firm will bring its film and campaign production capabilities to the group at a time when entertainment is an increasingly important lever for fashion.
The Independents Acquires Production Firm Phantasm Group
The latest in The Independents’ agency acquisition spree, the Paris-based firm will bring its film and campaign production capabilities to the group at a time when entertainment is an increasingly important lever for fashion.
Retail
Alo Yoga Primed for IPO After Sale of Its T-Shirt Business
The sale of Bella+Canvas, which has not closed yet, would give founders Danny Harris and Marco DeGeorge more flexibility and options for the Lululemon challenger.
Alo Yoga Primed for IPO After Sale of Its T-Shirt Business
The sale of Bella+Canvas, which has not closed yet, would give founders Danny Harris and Marco DeGeorge more flexibility and options for the Lululemon challenger.
Media
Vox Media Acquired by Penske Media Corporation
The WWD and BeautyInc publisher has also created a new subsidiary, named PMX, to combine its publishing portfolio, comprising 25 titles.
Vox Media Acquired by Penske Media Corporation
The WWD and BeautyInc publisher has also created a new subsidiary, named PMX, to combine its publishing portfolio, comprising 25 titles.
Beauty
L’Oréal to Acquire Majority Stake in India’s Innovist
The French cosmetics group will acquire a majority stake in India’s Innovist as it looks to step up its share of one of the world’s fastest-growing markets.
L’Oréal to Acquire Majority Stake in India’s Innovist
The French cosmetics group will acquire a majority stake in India’s Innovist as it looks to step up its share of one of the world’s fastest-growing markets.
Retail
Mike Ashley’s Frasers Follows Hugo Boss Bid With Offer for Accent Group
In his second takeover bid in a week, retail billionaire Ashley has offered to purchase the remainder of Frasers’ stake in an Australian footwear business for $223 million.
Mike Ashley’s Frasers Follows Hugo Boss Bid With Offer for Accent Group
In his second takeover bid in a week, retail billionaire Ashley has offered to purchase the remainder of Frasers’ stake in an Australian footwear business for $223 million.
Retail
Ashley’s Frasers Offers to Buy Hugo Boss in $3.1 Billion Deal
Frasers already owns a roughly 26 percent stake in Hugo Boss.
Ashley’s Frasers Offers to Buy Hugo Boss in $3.1 Billion Deal
Frasers already owns a roughly 26 percent stake in Hugo Boss.
Beauty
Report: Boots Owner in Talks on Possible $10 Billion Sale
Private equity firm Sycamore Partners, which took ownership of the British pharmacy and beauty chain last year, has reportedly begun divestiture discussions.
Report: Boots Owner in Talks on Possible $10 Billion Sale
Private equity firm Sycamore Partners, which took ownership of the British pharmacy and beauty chain last year, has reportedly begun divestiture discussions.
Retail
UK Watchdog Begins Formal Review of EBay’s Purchase of Depop
The Competition and Markets Authority said it will decide whether to clear the deal or refer it for in-depth investigation by Aug. 6.
UK Watchdog Begins Formal Review of EBay’s Purchase of Depop
The Competition and Markets Authority said it will decide whether to clear the deal or refer it for in-depth investigation by Aug. 6.
The News in Brief
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.