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
Lanvin Group Aims to Acquire Another Brand Next Year
First, Fosun aims to float Lanvin on the New York Stock Exchange via a blank-check company in October or November, said Joann Cheng, chairman and chief executive officer of Lanvin Group.
Lanvin Group Aims to Acquire Another Brand Next Year
First, Fosun aims to float Lanvin on the New York Stock Exchange via a blank-check company in October or November, said Joann Cheng, chairman and chief executive officer of Lanvin Group.
Luxury
Report: Tom Ford Hires Goldman Sachs to Explore Potential Sale
Tom Ford, the luxury brand founded by the former longtime creative director for Gucci, is exploring a potential sale, according to people with knowledge of the matter.
Report: Tom Ford Hires Goldman Sachs to Explore Potential Sale
Tom Ford, the luxury brand founded by the former longtime creative director for Gucci, is exploring a potential sale, according to people with knowledge of the matter.
Entrepreneurship
How to Fundraise in a Bear Market
Facing a possible recession, private investors are tightening their purse strings. This means fashion and beauty start-ups must preserve cash and undertake creative tactics to secure capital.
How to Fundraise in a Bear Market
Facing a possible recession, private investors are tightening their purse strings. This means fashion and beauty start-ups must preserve cash and undertake creative tactics to secure capital.
Retail
Mike Ashley’s Frasers Raises Hugo Boss Exposure Up to $937 Million
Frasers, which was formerly called Sports Direct and is on a drive to move upmarket, said it now holds 4.9 percent of Hugo Boss stock directly and a further 26 percent of stock indirectly via the sale of derivatives known as put options.
Mike Ashley’s Frasers Raises Hugo Boss Exposure Up to $937 Million
Frasers, which was formerly called Sports Direct and is on a drive to move upmarket, said it now holds 4.9 percent of Hugo Boss stock directly and a further 26 percent of stock indirectly via the sale of derivatives known as put options.
Financial Markets
What Happens When Big Companies Buy Cool Ones
Zalando’s acquisition of Highsnobiety is just the latest in a spate of deals in which a company seeking relevance snapped up a smaller, hipper entity in the hopes of reaching a savvier, often younger, consumer. But does chasing cool ever work?
What Happens When Big Companies Buy Cool Ones
Zalando’s acquisition of Highsnobiety is just the latest in a spate of deals in which a company seeking relevance snapped up a smaller, hipper entity in the hopes of reaching a savvier, often younger, consumer. But does chasing cool ever work?
Financial Markets
Fashion’s Top M&A Targets
The market may be cooling, but a number of in-demand brands remain of interest to financial backers. BoF identifies the top targets.
Fashion’s Top M&A Targets
The market may be cooling, but a number of in-demand brands remain of interest to financial backers. BoF identifies the top targets.
Media
Zalando Buys Highsnobiety
The German fashion e-tailer has taken a majority stake in the high-end streetwear platform in a bet on the combined power of content and commerce.
Zalando Buys Highsnobiety
The German fashion e-tailer has taken a majority stake in the high-end streetwear platform in a bet on the combined power of content and commerce.
Retail
Apollo in Talks to Provide up to $2 Billion in Financing for Kohl’s Sale
Apollo Global Management Inc. is in talks to provide up to $2 billion in debt financing for the potential acquisition of department store chain Kohl’s Corp by retail store operator Franchise Group, a person familiar with the matter said.
Apollo in Talks to Provide up to $2 Billion in Financing for Kohl’s Sale
Apollo Global Management Inc. is in talks to provide up to $2 billion in debt financing for the potential acquisition of department store chain Kohl’s Corp by retail store operator Franchise Group, a person familiar with the matter said.
China
Rethinking China’s Beauty Market
As global brands face headwinds in China, L’Oréal and Shiseido are betting on new investment funds targeting C-beauty companies to sustain growth.
Rethinking China’s Beauty Market
As global brands face headwinds in China, L’Oréal and Shiseido are betting on new investment funds targeting C-beauty companies to sustain growth.
Retail
Pinterest to Acquire The Yes
Retailer veteran Julie Bornstein founded The Yes in 2018 after stints at Stitch Fix, Sephora and Nordstrom.
Pinterest to Acquire The Yes
Retailer veteran Julie Bornstein founded The Yes in 2018 after stints at Stitch Fix, Sephora and Nordstrom.
Retail
Can Levi’s Be More Than a Denim Brand?
The American retailer wants to reach $10 billion in sales by 2027, with plans to open more stores, expand into new categories and potentially buy other fashion companies.
Can Levi’s Be More Than a Denim Brand?
The American retailer wants to reach $10 billion in sales by 2027, with plans to open more stores, expand into new categories and potentially buy other fashion companies.
Retail
Licensing Company Sells Majority Stake in Isaac Mizrahi for $68 Million
Retail holding company Xcel Brands has sold a 70 percent stake in the brand to licensing firm WHP Global, which also owns Anne Klein and Joe’s Jeans.
Licensing Company Sells Majority Stake in Isaac Mizrahi for $68 Million
Retail holding company Xcel Brands has sold a 70 percent stake in the brand to licensing firm WHP Global, which also owns Anne Klein and Joe’s Jeans.
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.