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
Luxury
Della Valle Family Scraps Tod’s Buyout, Shares Plunge
All shares tendered in the offer would be returned to their holders, the Della Valle family, which owns 64.5 percent of the company, said in a statement.
Della Valle Family Scraps Tod’s Buyout, Shares Plunge
All shares tendered in the offer would be returned to their holders, the Della Valle family, which owns 64.5 percent of the company, said in a statement.
Luxury
Tod’s Buyout Bid’s Take-Up Lags on Last Day of Offer
Tod’s investors representing just 4.5 percent of the Italian luxury shoemaker’s capital have tendered their shares under a buyout bid launched by the founders.
Tod’s Buyout Bid’s Take-Up Lags on Last Day of Offer
Tod’s investors representing just 4.5 percent of the Italian luxury shoemaker’s capital have tendered their shares under a buyout bid launched by the founders.
Retail
Ashley’s Frasers Group Raises Stakes in Hugo Boss, Asos
Frasers said Monday it now has a strategic stake of 32.8 percent in Hugo Boss, mostly held through indirect put options, valued at €960 million ($945 million).
Ashley’s Frasers Group Raises Stakes in Hugo Boss, Asos
Frasers said Monday it now has a strategic stake of 32.8 percent in Hugo Boss, mostly held through indirect put options, valued at €960 million ($945 million).
Luxury
Chat-Based E-Tailer Threads Styling Acquired by Chalhoub Group
The deal will allow Threads Styling to deepen its ties with the key Middle Eastern market, while its new owner strengthens an improved digital and global presence.
Chat-Based E-Tailer Threads Styling Acquired by Chalhoub Group
The deal will allow Threads Styling to deepen its ties with the key Middle Eastern market, while its new owner strengthens an improved digital and global presence.
Luxury
Richemont to Sell 47.5% of Yoox Net-a-Porter to Farfetch
The Swiss group will sell an additional 3.2 percent to Symphony Global, leaving YNAP without a controlling shareholder. The deal paves the way for Farfetch to potentially take control of the loss-making e-tailer, the companies said.
Richemont to Sell 47.5% of Yoox Net-a-Porter to Farfetch
The Swiss group will sell an additional 3.2 percent to Symphony Global, leaving YNAP without a controlling shareholder. The deal paves the way for Farfetch to potentially take control of the loss-making e-tailer, the companies said.
Marketing
Derris Sells Majority Stake
PR and marketing agency BerlinRosen recently invested in the New York-based agency, founded in 2013 and known for playing a strategic role in launching and marketing several leading brands in the direct-to-consumer space over the past decade.
Derris Sells Majority Stake
PR and marketing agency BerlinRosen recently invested in the New York-based agency, founded in 2013 and known for playing a strategic role in launching and marketing several leading brands in the direct-to-consumer space over the past decade.
Topics
Selfridges Chief to Step Down as Department Store Changes Hands
Anne Pitcher will leave the company at the end of the year as the group is wrapped into its new owners' portfolio of luxury department stores.
Selfridges Chief to Step Down as Department Store Changes Hands
Anne Pitcher will leave the company at the end of the year as the group is wrapped into its new owners' portfolio of luxury department stores.
Retail
Juicy Couture Owner Authentic Brands Buys Ted Baker
The group has agreed to buy Ted Baker in a deal worth roughly £211 million ($254 million), ending months of speculation over the fate of the British fashion group.
Juicy Couture Owner Authentic Brands Buys Ted Baker
The group has agreed to buy Ted Baker in a deal worth roughly £211 million ($254 million), ending months of speculation over the fate of the British fashion group.
Luxury
Why So Many Fashion Brands Are for Sale Right Now
Labels from Tom Ford and Ganni to Alyx and ALC are reportedly looking for new partners.
Why So Many Fashion Brands Are for Sale Right Now
Labels from Tom Ford and Ganni to Alyx and ALC are reportedly looking for new partners.
Luxury
Sequoia Capital China Bets on Contemporary Norwegian Label Holzweiler
The venture firm has acquired a majority stake in the brand as it eyes global expansion, suggesting investors still see opportunity in well-placed fashion plays despite looming economic headwinds.
Sequoia Capital China Bets on Contemporary Norwegian Label Holzweiler
The venture firm has acquired a majority stake in the brand as it eyes global expansion, suggesting investors still see opportunity in well-placed fashion plays despite looming economic headwinds.
Luxury
Report: Estée Lauder in Talks to Acquire Tom Ford For $3 Billion or More
A report in the Wall Street Journal said that the beauty conglomerate is in acquisition talks with the Los Angeles-based luxury fashion brand, which went on the market earlier this summer.
Report: Estée Lauder in Talks to Acquire Tom Ford For $3 Billion or More
A report in the Wall Street Journal said that the beauty conglomerate is in acquisition talks with the Los Angeles-based luxury fashion brand, which went on the market earlier this summer.
Retail
Trade Show Company Acquires Bulletin, an Online Wholesale Marketplace
Emerald Holding, a company that hosts business-to-business events, has purchased Bulletin to be part of its retail trade show entity, NY Now
Trade Show Company Acquires Bulletin, an Online Wholesale Marketplace
Emerald Holding, a company that hosts business-to-business events, has purchased Bulletin to be part of its retail trade show entity, NY Now
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.