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
News & Analysis
Private Equity Firm Takes Control of Italian Leather Goods Supplier
Investment firm Permira has acquired the majority of Gruppo Florence in a deal which a source close to the matter said valued the hub of Italian luxury clothing and leather goods manufacturers at more than €1 billion ($1.1 billion).
Private Equity Firm Takes Control of Italian Leather Goods Supplier
Investment firm Permira has acquired the majority of Gruppo Florence in a deal which a source close to the matter said valued the hub of Italian luxury clothing and leather goods manufacturers at more than €1 billion ($1.1 billion).
Retail
Express, Inc. Completes Acquisition of Bonobos, Posts 15 Percent Sales Dip
Express, Inc. completed its joint acquisition of the menswear brand Bonobos in partnership with WHP Global for a combined purchase price of $75 million, the company announced Wednesday.
Express, Inc. Completes Acquisition of Bonobos, Posts 15 Percent Sales Dip
Express, Inc. completed its joint acquisition of the menswear brand Bonobos in partnership with WHP Global for a combined purchase price of $75 million, the company announced Wednesday.
Luxury
Chanel and Brunello Cucinelli to Take Stake in Italian Yarn Manufacturer
Chanel and Brunello Cucinelli on Tuesday signed a joint agreement to take 24.5 percent stakes in Italian cashmere and wool manufacturer Cariaggi Lanificio. The Cariaggi family will remain in control of 51 percent of shares.
Chanel and Brunello Cucinelli to Take Stake in Italian Yarn Manufacturer
Chanel and Brunello Cucinelli on Tuesday signed a joint agreement to take 24.5 percent stakes in Italian cashmere and wool manufacturer Cariaggi Lanificio. The Cariaggi family will remain in control of 51 percent of shares.
Beauty
The State of Fashion Special Edition | The New Face of Beauty
The special edition of The State of Fashion report by BoF and McKinsey & Company explores the reshaping of the global beauty industry. Download the full report to learn about the key dynamics that will impact all categories in the years ahead, from the rise of wellness to the influence of Gen-Z.
The State of Fashion Special Edition | The New Face of Beauty
The special edition of The State of Fashion report by BoF and McKinsey & Company explores the reshaping of the global beauty industry. Download the full report to learn about the key dynamics that will impact all categories in the years ahead, from the rise of wellness to the influence of Gen-Z.
Beauty
IFF Weighs Sale of $1 Billion Lucas Meyer Cosmetics Unit
International Flavors & Fragrances Inc. is weighing a sale of a unit making ingredients for the cosmetics and personal care industry, people with knowledge of the matter said.
IFF Weighs Sale of $1 Billion Lucas Meyer Cosmetics Unit
International Flavors & Fragrances Inc. is weighing a sale of a unit making ingredients for the cosmetics and personal care industry, people with knowledge of the matter said.
Beauty
THG Shares Fall After Failed Takeover Talks With Apollo
THG has ended talks about a possible takeover bid by Apollo, saying the private equity company’s offer is an inadequate valuation of the online retail tech company.
THG Shares Fall After Failed Takeover Talks With Apollo
THG has ended talks about a possible takeover bid by Apollo, saying the private equity company’s offer is an inadequate valuation of the online retail tech company.
Luxury
Prada’s Patrizio Bertelli Rescues Historic Newsstand in Tuscany
The owner of a historic newsstand in a Tuscan city said he was “delighted” the business has been saved by one of his old customers — Patrizio Bertelli, the chair of the Italian fashion house Prada.
Prada’s Patrizio Bertelli Rescues Historic Newsstand in Tuscany
The owner of a historic newsstand in a Tuscan city said he was “delighted” the business has been saved by one of his old customers — Patrizio Bertelli, the chair of the Italian fashion house Prada.
Workplace & Talent
Robert Triefus Appointed Stone Island CEO
After nearly 15 years at Gucci, the executive will join the Moncler Group-owned Italian label on June 1.
Robert Triefus Appointed Stone Island CEO
After nearly 15 years at Gucci, the executive will join the Moncler Group-owned Italian label on June 1.
Luxury
OTB Group Acquires Majority Stake in Leather Goods Atelier Frassineti
The Italian fashion group, which owns Diesel and Maison Margiela, announced Thursday that it has acquired a majority shareholder stake in Frassineti, a Florentine leather goods manufacturer that has been a longtime supplier to the OTB-owned Jil Sander brand.
OTB Group Acquires Majority Stake in Leather Goods Atelier Frassineti
The Italian fashion group, which owns Diesel and Maison Margiela, announced Thursday that it has acquired a majority shareholder stake in Frassineti, a Florentine leather goods manufacturer that has been a longtime supplier to the OTB-owned Jil Sander brand.
Retail
Alibaba’s Global Online Commerce Arm Weighs US IPO
Alibaba Group Holding Ltd.’s international online shopping unit is exploring a US initial public offering as it weighs options to spur growth for the business that includes major e-commerce brands Lazada and AliExpress.
Alibaba’s Global Online Commerce Arm Weighs US IPO
Alibaba Group Holding Ltd.’s international online shopping unit is exploring a US initial public offering as it weighs options to spur growth for the business that includes major e-commerce brands Lazada and AliExpress.
Retail
Francesca’s Acquires Loungewear Brand Richer Poorer
American boutique chain Francesca’s has acquired Richer Poorer, a 13-year-old basics and loungewear brand, the companies told BoF Monday.
Francesca’s Acquires Loungewear Brand Richer Poorer
American boutique chain Francesca’s has acquired Richer Poorer, a 13-year-old basics and loungewear brand, the companies told BoF Monday.
Retail
SMCP’s Bondholders Expect Initial Bids for Their Stake by Mid-May
Bondholders in French fashion group SMCP, the owner of labels such as Sandro and Maje, are expecting first-round, non-binding bids for their 37 percent stake in the company by mid-May.
SMCP’s Bondholders Expect Initial Bids for Their Stake by Mid-May
Bondholders in French fashion group SMCP, the owner of labels such as Sandro and Maje, are expecting first-round, non-binding bids for their 37 percent stake in the company by mid-May.
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.