Court Lets Trump Halt Tariff Exemption for Low-Cost Goods
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
mergers-acquisitions
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.
Luxury
François-Henri Pinault Is in Talks to Buy CAA Talent Agency in $7 Billion Deal
Luxury tycoon is in advanced discussions to buy a majority stake in Creative Artists Agency, according to people familiar with the matter, potentially adding another international trophy asset to the portfolio of a French billionaire.
François-Henri Pinault Is in Talks to Buy CAA Talent Agency in $7 Billion Deal
Luxury tycoon is in advanced discussions to buy a majority stake in Creative Artists Agency, according to people familiar with the matter, potentially adding another international trophy asset to the portfolio of a French billionaire.
Beauty
Kim Kardashian in Talks to Buy Back Beauty Firm Stake From Coty
The value of the stake hadn’t been determined and talks could fall apart, the report said, adding that Kardashian wanted to buy it back as part of an effort to expand SKKN’s beauty categories.
Kim Kardashian in Talks to Buy Back Beauty Firm Stake From Coty
The value of the stake hadn’t been determined and talks could fall apart, the report said, adding that Kardashian wanted to buy it back as part of an effort to expand SKKN’s beauty categories.
Beauty
Kering Paid $3.8 Billion for Creed
Gucci-owner Kering paid €3.5 billion ($3.83 billion) for acquiring high-end French fragrance label Creed in June, the Financial Times reported.
Kering Paid $3.8 Billion for Creed
Gucci-owner Kering paid €3.5 billion ($3.83 billion) for acquiring high-end French fragrance label Creed in June, the Financial Times reported.
Beauty
Coty CEO Says Gucci Licence Not Under Discussion for Next Five Years
‘There will be no discussion on the renewal of any of our licences before at least five years,’ Coty CEO Sue Naby told journalists.
Coty CEO Says Gucci Licence Not Under Discussion for Next Five Years
‘There will be no discussion on the renewal of any of our licences before at least five years,’ Coty CEO Sue Naby told journalists.
Beauty
Advent’s Tricia Glynn on Finding the Winning Ingredients for Beauty’s Deal-Makers
From her vantage point as managing partner at a global private equity firm, Glynn explores for The State of Fashion: Beauty the enduring opportunities beauty provides investors.
Advent’s Tricia Glynn on Finding the Winning Ingredients for Beauty’s Deal-Makers
From her vantage point as managing partner at a global private equity firm, Glynn explores for The State of Fashion: Beauty the enduring opportunities beauty provides investors.
Beauty
What Will Be Beauty’s Next Big Deal?
Kering’s reported multi-billion dollar acquisition of Creed is just the latest blockbuster beauty deal – and the industry shows no signs of slowing down.
What Will Be Beauty’s Next Big Deal?
Kering’s reported multi-billion dollar acquisition of Creed is just the latest blockbuster beauty deal – and the industry shows no signs of slowing down.
Retail
TSG Is Exploring Sale of Outdoor, Ski Gear Retailer Backcountry
TSG Consumer Partners is weighing options for Backcountry, including a sale of the online retailer of outdoor gear and ski apparel, according to people with knowledge of the matter.
TSG Is Exploring Sale of Outdoor, Ski Gear Retailer Backcountry
TSG Consumer Partners is weighing options for Backcountry, including a sale of the online retailer of outdoor gear and ski apparel, according to people with knowledge of the matter.
Luxury
Prada, Zegna Acquire Minority Stake in Knitwear Firm Fedeli
Prada and Ermenegildo Zegna on Tuesday said they have acquired a minority stake in Luigi Fedeli e Figlio, highlighting the importance of high-quality knitwear in the luxury segment.
Prada, Zegna Acquire Minority Stake in Knitwear Firm Fedeli
Prada and Ermenegildo Zegna on Tuesday said they have acquired a minority stake in Luigi Fedeli e Figlio, highlighting the importance of high-quality knitwear in the luxury segment.
Beauty
The Changing Shape of Beauty M&A
Beauty megadeals may be few and far between over the near term, but M&A will still be critical for buyers and sellers seeking growth, innovation and competitive product portfolios, reports The State of Fashion: Beauty.
The Changing Shape of Beauty M&A
Beauty megadeals may be few and far between over the near term, but M&A will still be critical for buyers and sellers seeking growth, innovation and competitive product portfolios, reports The State of Fashion: Beauty.
The News in Brief
Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
Birkenstock Nudges Forecast Higher on Solid Sandal Demand
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.
Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.