Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
mergers-acquisitions
Beauty
Exclusive: Bridgepoint Group to Acquire Obagi Medical
The UK investment firm has agreed to purchase the clinical skincare label from Waldencast for $460 million, with co-founders Michel Brousset and Hind Sebti departing the beauty conglomerate to join Bridgepoint.
Exclusive: Bridgepoint Group to Acquire Obagi Medical
The UK investment firm has agreed to purchase the clinical skincare label from Waldencast for $460 million, with co-founders Michel Brousset and Hind Sebti departing the beauty conglomerate to join Bridgepoint.
Beauty
Estée Lauder Exits Puig Talks With Firepower for Selective M&A
Analysts called the move prudent and said it left the US firm with more flexibility to pursue other acquisitions.
Estée Lauder Exits Puig Talks With Firepower for Selective M&A
Analysts called the move prudent and said it left the US firm with more flexibility to pursue other acquisitions.
Beauty
Why the Estée Lauder and Puig Deal Collapsed
The much-telegraphed potential merger fell apart after months of negotiations, the two companies confirmed on Thursday, as they face up to the limits of their strengths and weaknesses.
Why the Estée Lauder and Puig Deal Collapsed
The much-telegraphed potential merger fell apart after months of negotiations, the two companies confirmed on Thursday, as they face up to the limits of their strengths and weaknesses.
Retail
Authentic Brands to Buy Lee Denim in Up to $1 Billion Deal
The brand management firm will buy the denim label from owner Kontoor Brands for an initial $750 million payment and a potential $250 million earnout tied to future performance.
Authentic Brands to Buy Lee Denim in Up to $1 Billion Deal
The brand management firm will buy the denim label from owner Kontoor Brands for an initial $750 million payment and a potential $250 million earnout tied to future performance.
Media
James Murdoch Buys New York Magazine
In a deal announced Wednesday, Murdoch’s media and technology holding, Lupa Systems, acquired the publication, as well as the Vox website and podcast network.
James Murdoch Buys New York Magazine
In a deal announced Wednesday, Murdoch’s media and technology holding, Lupa Systems, acquired the publication, as well as the Vox website and podcast network.
Luxury
Giambattista Valli Buys Back Namesake Label From Artémis
The return to independence follows the abrupt cancelling of fashion shows earlier this year.
Giambattista Valli Buys Back Namesake Label From Artémis
The return to independence follows the abrupt cancelling of fashion shows earlier this year.
Luxury
Exclusive: Marquee Brands to Acquire Roberto Cavalli
The Italian brand known for its animal prints and flamboyant aesthetic will be taken over by the brand management company behind Martha Stewart.
Exclusive: Marquee Brands to Acquire Roberto Cavalli
The Italian brand known for its animal prints and flamboyant aesthetic will be taken over by the brand management company behind Martha Stewart.
Retail
Reports: Shein Acquires Everlane
The Chinese e-commerce giant is buying the US apparel retailer from majority owner L Catterton at a steep discount to the valuations it commanded at the height of the e-commerce boom, Puck and The Information reported.
Reports: Shein Acquires Everlane
The Chinese e-commerce giant is buying the US apparel retailer from majority owner L Catterton at a steep discount to the valuations it commanded at the height of the e-commerce boom, Puck and The Information reported.
Beauty
Kenvue Beats First-Quarter Estimates Amid Pending Acquisition by Kimberly-Clark
Tylenol-maker Kenvue on Thursday beat Wall Street estimates for first-quarter revenue and profit helped by strong sales in its skin health and beauty brands.
Kenvue Beats First-Quarter Estimates Amid Pending Acquisition by Kimberly-Clark
Tylenol-maker Kenvue on Thursday beat Wall Street estimates for first-quarter revenue and profit helped by strong sales in its skin health and beauty brands.
Beauty
Reliance Retail Acquires Priyanka Chopra Jonas’ Hair Care Brand Anomaly
The company will leverage its omnichannel network to scale the label, citing India as a priority market.
Reliance Retail Acquires Priyanka Chopra Jonas’ Hair Care Brand Anomaly
The company will leverage its omnichannel network to scale the label, citing India as a priority market.
Beauty
Estée Lauder Considers Bid for Puig at €18-19 per Share, Source Says
Cosmetics giant Estée Lauder is considering launching a takeover bid for all of Puig’s Class B shares at 18 to 19 euros ($21 to $22.20) a share, said a source close to the matter.
Estée Lauder Considers Bid for Puig at €18-19 per Share, Source Says
Cosmetics giant Estée Lauder is considering launching a takeover bid for all of Puig’s Class B shares at 18 to 19 euros ($21 to $22.20) a share, said a source close to the matter.
The News in Brief
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.