In his second takeover bid in a week, retail billionaire Ashley has offered to purchase the remainder of Frasers’ stake in an Australian footwear business for $223 million.
Frasers already owns a roughly 26 percent stake in Hugo Boss.
Private equity firm Sycamore Partners, which took ownership of the British pharmacy and beauty chain last year, has reportedly begun divestiture discussions.
The Competition and Markets Authority said it will decide whether to clear the deal or refer it for in-depth investigation by Aug. 6.
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.
Analysts called the move prudent and said it left the US firm with more flexibility to pursue other acquisitions.
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.
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.
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.
The return to independence follows the abrupt cancelling of fashion shows earlier this year.
The Italian brand known for its animal prints and flamboyant aesthetic will be taken over by the brand management company behind Martha Stewart.
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.
The Chinese beauty conglomerate’s revenue grew 29.8 percent in the latest quarter, but its profit decreased by double digits due to increased promotional expenses as it expands overseas.
Shares jumped after the group raised its annual revenue and profit forecasts and said it expected sales to return to growth.
The German sportswear business is attempting to reboot its brand appeal to better compete with larger rivals Adidas and Nike.
The Tata Group-owned business beat expectations, shoring up confidence in its fashion business after a period of sluggish performance.
Chasity Monroe has been appointed as the label’s chief executive as it undergoes a wider brand refresh.
The Korean firm and Medicube owner reported third quarter revenue growth of over 100 percent, mostly attributed to the expansion of its skincare range into new markets, channels and product categories.
Celebrity-makeup artist Ash K. Holm will join the “smart” mirror brand for a year-long partnership focusing on guidance and education.
Revenue growth outpaced the previous quarter in the Korean conglomerate’s domestic market, but slowed internationally.