Another Lululemon Executive Exits Ahead of Incoming CEO
The departure of AI chief Ranju Das after less than a year in the role comes shortly after the chief strategy officer exited ahead of new chief executive Heidi O'Neill joining in September.
mergers-acquisitions
Beauty
Kering’s Next Frontier: Beauty
The Gucci owner has hired former Estée Lauder executive Raffaella Cornaggia to lead its new beauty division, echoing the formation of the group’s eyewear unit in 2014. Why now for beauty and does this mean the beginning of the end of the licensing model for luxury brands?
Kering’s Next Frontier: Beauty
The Gucci owner has hired former Estée Lauder executive Raffaella Cornaggia to lead its new beauty division, echoing the formation of the group’s eyewear unit in 2014. Why now for beauty and does this mean the beginning of the end of the licensing model for luxury brands?
Direct-to-Consumer
Report: Away Exploring Options Including Sale
The luggage company, valued at $1.45 billion when it raised capital in 2019, is exploring strategic options including a sale, according to people with knowledge of the matter.
Report: Away Exploring Options Including Sale
The luggage company, valued at $1.45 billion when it raised capital in 2019, is exploring strategic options including a sale, according to people with knowledge of the matter.
Beauty
LVMH, L’Oréal Among Suitors for Stake in Aesop
Japanese beauty group Shiseido Co. is also studying a potential bid for an interest in Aesop, the people said, asking not to be identified discussing confidential information.
LVMH, L’Oréal Among Suitors for Stake in Aesop
Japanese beauty group Shiseido Co. is also studying a potential bid for an interest in Aesop, the people said, asking not to be identified discussing confidential information.
Retail
The Year Ahead: Can New Production Models Help Fashion Overcome Supply Chain Woes?
As supply chains remain under pressure, garment manufacturers have an opportunity to lean into vertical integration, nearshoring and small-batch production, while seeking closer upstream and downstream collaboration, according to The State of Fashion 2023.
The Year Ahead: Can New Production Models Help Fashion Overcome Supply Chain Woes?
As supply chains remain under pressure, garment manufacturers have an opportunity to lean into vertical integration, nearshoring and small-batch production, while seeking closer upstream and downstream collaboration, according to The State of Fashion 2023.
Partner Content
Arezzo & Co.’s Plans to Become a Global Accessories Conglomerate
The Brazilian footwear giant’s business model led it to quintuple in size in just 10 years to reach nearly $600 million. Now, it plans to acquire high-potential international SMEs and provide them with the infrastructure and insight to scale internationally.
Arezzo & Co.’s Plans to Become a Global Accessories Conglomerate
The Brazilian footwear giant’s business model led it to quintuple in size in just 10 years to reach nearly $600 million. Now, it plans to acquire high-potential international SMEs and provide them with the infrastructure and insight to scale internationally.
Retail
As Intermix Changes Hands Again, Brands Seek Payment
The contemporary retailer, which was sold by Gap to private equity firm Altamont Capital Partners in 2021, has signed a deal to be acquired by another private equity firm, Regent, after failing to pay vendors for fall orders.
As Intermix Changes Hands Again, Brands Seek Payment
The contemporary retailer, which was sold by Gap to private equity firm Altamont Capital Partners in 2021, has signed a deal to be acquired by another private equity firm, Regent, after failing to pay vendors for fall orders.
Retail
Frasers Group Acquires Gieves & Hawkes
The acquisition of Gieves & Hawkes, a 250 year-old brand, will secure its long-term future, said Frasers chief executive officer Michael Murray, Ashley’s son-in-law, who took over the reins in May.
Frasers Group Acquires Gieves & Hawkes
The acquisition of Gieves & Hawkes, a 250 year-old brand, will secure its long-term future, said Frasers chief executive officer Michael Murray, Ashley’s son-in-law, who took over the reins in May.
Beauty
Estée Lauder Acquires Tom Ford in $2.8 Billion Deal; Designer May Exit at End of 2023
Ermenegildo Zegna Group will license the right to manufacture and distribute all clothing and accessories from the new owner.
Estée Lauder Acquires Tom Ford in $2.8 Billion Deal; Designer May Exit at End of 2023
Ermenegildo Zegna Group will license the right to manufacture and distribute all clothing and accessories from the new owner.
Retail
Report: Frasers Group Said In Talks to Buy Gieves & Hawkes
Mike Ashley's retail conglomerate could acquire the distressed Savile Row tailor, Bloomberg reported.
Report: Frasers Group Said In Talks to Buy Gieves & Hawkes
Mike Ashley's retail conglomerate could acquire the distressed Savile Row tailor, Bloomberg reported.
Luxury
Report: Kering in Talks to Acquire Tom Ford
The French luxury conglomerate has been competing with beauty giant Estée Lauder for the prized asset, emerging as the frontrunner, according to sources.
Report: Kering in Talks to Acquire Tom Ford
The French luxury conglomerate has been competing with beauty giant Estée Lauder for the prized asset, emerging as the frontrunner, according to sources.
Retail
Victoria’s Secret Acquires Adore Me
The lingerie giant will pay $400 million in cash up front for the direct-to-consumer brand in an effort to improve its digital offering.
Victoria’s Secret Acquires Adore Me
The lingerie giant will pay $400 million in cash up front for the direct-to-consumer brand in an effort to improve its digital offering.
Luxury
Zegna Eyes High-End Suppliers as Fashion House Moves Upmarket
“These kinds of acquisitions would consolidate the perimeter of our supply chain and our Made in Italy platform from the very top, and make us more competitive in luxury textiles,” chief executive officer Gildo Zegna said in an interview in Milan.
Zegna Eyes High-End Suppliers as Fashion House Moves Upmarket
“These kinds of acquisitions would consolidate the perimeter of our supply chain and our Made in Italy platform from the very top, and make us more competitive in luxury textiles,” chief executive officer Gildo Zegna said in an interview in Milan.
The News in Brief
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.
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.