Kohl’s Turnaround Stalls as Sales Growth Stagnates
Kohl’s turnaround attempt showed some progress after the retailer raised its annual earnings outlook, but it still doesn’t see sales growth this year.
mergers-acquisitions
Beauty
Edgewell Buys Razor Brand Billie After P&G Was Blocked From Buying It
The owner of Schick and Banana Boat said it purchased direct-to-consumer razor brand Billie Inc. in a $310 million transaction.
Edgewell Buys Razor Brand Billie After P&G Was Blocked From Buying It
The owner of Schick and Banana Boat said it purchased direct-to-consumer razor brand Billie Inc. in a $310 million transaction.
Global Markets
Dubai’s Emaar Completes Malls, Properties Merger
Developer Emaar Properties has completed its merger with retail arm, Emaar Malls, in a deal that delists the mall operator, the Emirati multinational announced Nov. 22.
Dubai’s Emaar Completes Malls, Properties Merger
Developer Emaar Properties has completed its merger with retail arm, Emaar Malls, in a deal that delists the mall operator, the Emirati multinational announced Nov. 22.
Retail
Amazon Acquires Australia-based Shopify Competitor Selz
Amazon.com Inc. has acquired Selz, a Sydney-based e-commerce platform that helps small businesses create their own websites much the way Shopify Inc. does.
Amazon Acquires Australia-based Shopify Competitor Selz
Amazon.com Inc. has acquired Selz, a Sydney-based e-commerce platform that helps small businesses create their own websites much the way Shopify Inc. does.
Beauty
CVC Buys Shiseido Personal-Care Unit in $1.5 Billion Deal
The Japanese beauty conglomerate is selling its shampoo and affordable skin care business for $1.5 billion as it shifts focus to high-end skin products.
CVC Buys Shiseido Personal-Care Unit in $1.5 Billion Deal
The Japanese beauty conglomerate is selling its shampoo and affordable skin care business for $1.5 billion as it shifts focus to high-end skin products.
The News in Brief
Abercrombie Sees Record Shares Jump After Guidance Lift
Abercrombie & Fitch Co. shares rallied after revenue topped estimates and the retailer raised its annual earnings guidance, suggesting the preppy apparel company is regaining momentum.
Dolce & Gabbana Seeks to Raise Cash in Exchange for Debt Waiver
Dolce & Gabbana is seeking to raise cash using transactions outside the Italian fashion house’s day-to-day business after banks agreed to waive terms governing its debt as demand for luxury goods stays weak.
Mexican Makeup Label Sarelly Raises $3 Million
The funding will be used to power the brand’s expansion into the US, including a nationwide rollout in Target’s Beauty Studio.
Bath & Body Works Lifts Annual Profit Forecast on Digital Demand
The US fragrance giant raised its full-year profit forecast and beat estimates for second-quarter results, benefiting from demand for its products on digital channels, despite a decline in store traffic.
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.
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.