Indian Fashion Retailer Purple Style Labs Plans IPO
The Bollywood star-backed company behind multi-brand retailer Pernia’s Pop-Up Shop will launch its share sale next week as it taps demand for luxury wedding and occasion wear.
mergers-acquisitions
Beauty
How Beauty Brands Are Building Their Tech Muscle
With the past year’s flurry of tech-focused mergers, acquisitions and partnerships, the beauty industry increasingly resembles Silicon Valley. But the bets on beauty tech are just beginning.
How Beauty Brands Are Building Their Tech Muscle
With the past year’s flurry of tech-focused mergers, acquisitions and partnerships, the beauty industry increasingly resembles Silicon Valley. But the bets on beauty tech are just beginning.
Retail
Why Activist Investors Are Targeting Department Stores
Hedge funds are urging Kohl’s and Macy’s to consider radical changes to how they operate as the retailers struggle to reverse decades of decline.
Why Activist Investors Are Targeting Department Stores
Hedge funds are urging Kohl’s and Macy’s to consider radical changes to how they operate as the retailers struggle to reverse decades of decline.
Media
L’Officiel Inc. Acquired by Hong Kong’s AMTD International
The parent company of the 100-year-old French fashion and lifestyle magazine with a network of global editions has been acquired by AMTD International, a Hong Kong-based financial service conglomerate.
L’Officiel Inc. Acquired by Hong Kong’s AMTD International
The parent company of the 100-year-old French fashion and lifestyle magazine with a network of global editions has been acquired by AMTD International, a Hong Kong-based financial service conglomerate.
Global Markets
India’s Good Glamm Group Acquires Majority Stake in Organic Harvest
The beauty and personal care giant turned content provider, and newly-minted unicorn, has continued its acquisition spree by taking a majority stake in one of India's leading organic personal care brands.
India’s Good Glamm Group Acquires Majority Stake in Organic Harvest
The beauty and personal care giant turned content provider, and newly-minted unicorn, has continued its acquisition spree by taking a majority stake in one of India's leading organic personal care brands.
Global Markets
Mexico’s Betterware Buys Jafra Cosmetics for $255 Million
The Mexican household products business has announced the acquisition of Jafra Cosmetics’ US and Mexican operations from its parent company, the Germany-based Vorwerk Group.
Mexico’s Betterware Buys Jafra Cosmetics for $255 Million
The Mexican household products business has announced the acquisition of Jafra Cosmetics’ US and Mexican operations from its parent company, the Germany-based Vorwerk Group.
Global Markets
Goat Brand Labs Takes 90% Stake in The Label Life
The Thrasio-style venture that buys and scales online, direct-to-consumer businesses in India has bought a 90 percent stake in the Bollywood Star-powered womenswear brand.
Goat Brand Labs Takes 90% Stake in The Label Life
The Thrasio-style venture that buys and scales online, direct-to-consumer businesses in India has bought a 90 percent stake in the Bollywood Star-powered womenswear brand.
Global Markets
Who Is Selfridges’ New Thai Owner?
Thailand’s Central Group has partnered with Austria’s Signa Holding to acquire Selfridges in one of the UK’s biggest retail deals in years.
Who Is Selfridges’ New Thai Owner?
Thailand’s Central Group has partnered with Austria’s Signa Holding to acquire Selfridges in one of the UK’s biggest retail deals in years.
Retail
Crocs to Buy Footwear Brand HeyDude for $2.5 Billion
The deal, which is expected to close in the first quarter of 2022, would immediately add to Crocs’ revenue growth, margins and earnings, it said.
Crocs to Buy Footwear Brand HeyDude for $2.5 Billion
The deal, which is expected to close in the first quarter of 2022, would immediately add to Crocs’ revenue growth, margins and earnings, it said.
Retail
Alpargatas Buys 49.9% Stake in Rothy’s
Rothy’s, which will have a valuation of $1 billion with the transaction, will continue to operate independently, the companies said.
Alpargatas Buys 49.9% Stake in Rothy’s
Rothy’s, which will have a valuation of $1 billion with the transaction, will continue to operate independently, the companies said.
Topics
Private Equity Firm L Catterton Sets $7.8 Billion Fundraising Goal
The LVMH-backed firm is pitching a buyout fund — which would fund transactions in which the firm takes a controlling stake of a business — to investors, hoping to raise $6.5 billion.
Private Equity Firm L Catterton Sets $7.8 Billion Fundraising Goal
The LVMH-backed firm is pitching a buyout fund — which would fund transactions in which the firm takes a controlling stake of a business — to investors, hoping to raise $6.5 billion.
Retail
Central Retail Corporation Denies Selfridges Deal
The statement leaves open the possibility that an entity associated with parent company Central Group, Thailand’s largest retail conglomerate, could still acquire the UK department store chain.
Central Retail Corporation Denies Selfridges Deal
The statement leaves open the possibility that an entity associated with parent company Central Group, Thailand’s largest retail conglomerate, could still acquire the UK department store chain.
Global Markets
Brazilian Footwear Giant Arezzo & Co Acquires Carol Bassi
Leading Brazilian footwear and accessories conglomerate Arezzo & Co has purchased the Carol Bassi brand, one of Brazil’s leading women’s high-end apparel players, for 180 million reais ($32 million).
Brazilian Footwear Giant Arezzo & Co Acquires Carol Bassi
Leading Brazilian footwear and accessories conglomerate Arezzo & Co has purchased the Carol Bassi brand, one of Brazil’s leading women’s high-end apparel players, for 180 million reais ($32 million).
The News in Brief
India Investigates Fragrance Giants Over Price Collusion, Document Shows
Global fragrance makers Givaudan, Firmenich and International Flavors & Fragrances face a second antitrust investigation by Indian authorities, according to a regulatory document seen by Reuters.
Laopu Gold Growth Slows as Bullion Slide Hits Luxury Demand
The Chinese jewellery maker’s revenue increased 60 percent to $2.9 billion during the the six months ended June.
Target Shares Fall After Pulling Halloween Costume Evoking Blackface
The retailer previously sparked calls for a boycott in early 2025 after it pulled back from its diversity initiatives as Donald Trump returned to the White House.
US Consumer Confidence Hits Seven-Month Low on Worse Outlook
Looking ahead, consumers surveyed by the Conference Board expressed negative sentiment towards future job and income prospects.
Dick’s Sporting Goods Cuts Annual Forecasts as Demand Weakens
The sports retailer cut its full-year sales and profit forecasts as a cautious consumer environment hit demand for athletic apparel and sporting goods.
EssilorLuxottica Founder’s Son Quits Management Roles After Reported Rift With CEO
Leonardo Maria Del Vecchio is stepping down as chairman of the Ray-Ban brand and as chief strategy officer, the company said, after reports of tensions with CEO Francesco Milleri.
Avon North America Acquired By Regent, Appoints New CEO
The legacy beauty brand's US and Canada divisions will join the investment firm's portfolio, which also includes Avon International.