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
Report: Estée Lauder Seeks €5 Billion Funding for Puig Deal
The US cosmetics giant has hired JP Morgan to take the lead on structuring a finance package of about €5 billion to fund its potential tie-up with Puig.
Report: Estée Lauder Seeks €5 Billion Funding for Puig Deal
The US cosmetics giant has hired JP Morgan to take the lead on structuring a finance package of about €5 billion to fund its potential tie-up with Puig.
Luxury
Kering Takes Stake in Icicle Owner ICCF
The French group said it would support the international expansion of ICCF’s flagship label Icicle while drawing on ICCF’s expertise in China as part of a major strategic overhaul.
Kering Takes Stake in Icicle Owner ICCF
The French group said it would support the international expansion of ICCF’s flagship label Icicle while drawing on ICCF’s expertise in China as part of a major strategic overhaul.
Luxury
Golden Goose Looks to Bond Sale to Fund Private Equity Buyout
The Italian footwear brand has begun marketing an €880 million bond sale to finance its acquisition by Chinese firm HSG.
Golden Goose Looks to Bond Sale to Fund Private Equity Buyout
The Italian footwear brand has begun marketing an €880 million bond sale to finance its acquisition by Chinese firm HSG.
Beauty
Unilever to Buy Supplements Brand Grüns, Boosting Wellbeing Focus
Unilever said on Thursday it will buy US-based nutritional supplements brand Grüns for an undisclosed amount, as the British consumer goods giant increases its focus on wellbeing and beauty products.
Unilever to Buy Supplements Brand Grüns, Boosting Wellbeing Focus
Unilever said on Thursday it will buy US-based nutritional supplements brand Grüns for an undisclosed amount, as the British consumer goods giant increases its focus on wellbeing and beauty products.
Beauty
Puig, Estée Lauder Founding Families to Meet for Combination Talks
The founding families of the Spanish firm and US cosmetics giant will meet this week in New York to negotiate the terms of a potential business combination, a source said.
Puig, Estée Lauder Founding Families to Meet for Combination Talks
The founding families of the Spanish firm and US cosmetics giant will meet this week in New York to negotiate the terms of a potential business combination, a source said.
Global Markets
Worldview | Nykaa Confirms Acquisition Talks With Deepika Padukone’s 82°E
This week’s round-up of global markets fashion business news also features Vietnam’s textile exports, India’s gold prices and China’s new e-commerce guidelines.
Worldview | Nykaa Confirms Acquisition Talks With Deepika Padukone’s 82°E
This week’s round-up of global markets fashion business news also features Vietnam’s textile exports, India’s gold prices and China’s new e-commerce guidelines.
Beauty
Nykaa in Talks to Acquire Deepika Padukone’s 82°E
The retailer confirmed negotiations to acquire a majority stake in the clean skincare brand, as it looks to further consolidate its foothold in the booming Indian beauty market.
Nykaa in Talks to Acquire Deepika Padukone’s 82°E
The retailer confirmed negotiations to acquire a majority stake in the clean skincare brand, as it looks to further consolidate its foothold in the booming Indian beauty market.
Beauty
Beauty’s New Challenger Conglomerate Has Always Been Here
By shedding its food and ice cream businesses, Unilever is betting big on beauty. But matching the scale, valuation and category depth of rivals like L’Oréal and The Estée Lauder Companies will require sharper focus and strategic discipline.
Beauty’s New Challenger Conglomerate Has Always Been Here
By shedding its food and ice cream businesses, Unilever is betting big on beauty. But matching the scale, valuation and category depth of rivals like L’Oréal and The Estée Lauder Companies will require sharper focus and strategic discipline.
Beauty
L’Oréal Completes $4.6 Billion Acquisition of Kering Beauty
The two groups have also established an ongoing, broader strategic partnership that will focus on opportunities at the intersection of luxury, wellness and longevity.
L’Oréal Completes $4.6 Billion Acquisition of Kering Beauty
The two groups have also established an ongoing, broader strategic partnership that will focus on opportunities at the intersection of luxury, wellness and longevity.
Sports
Nike’s Struggling Converse Unit Has Suitor in Authentic Brands
The brand management firm has expressed interest in buying Converse if it’s put up for sale, though Nike has said it doesn’t plan to part ways with the struggling sneaker label.
Nike’s Struggling Converse Unit Has Suitor in Authentic Brands
The brand management firm has expressed interest in buying Converse if it’s put up for sale, though Nike has said it doesn’t plan to part ways with the struggling sneaker label.
Retail
Allbirds to Be Bought by American Exchange for $39 Million
The brand management group, whose portfolio and licensing partnerships include labels like Aerosoles and Ed Hardy, has agreed to buy all assets and intellectual property of the once-buzzy footwear brand.
Allbirds to Be Bought by American Exchange for $39 Million
The brand management group, whose portfolio and licensing partnerships include labels like Aerosoles and Ed Hardy, has agreed to buy all assets and intellectual property of the once-buzzy footwear brand.
Beauty
Henkel to Acquire Olaplex For $1.4 Billion
The German firm has entered a definitive agreement to buy Olaplex, the hair-care brand that developed a cult following for its shampoos and other treatments.
Henkel to Acquire Olaplex For $1.4 Billion
The German firm has entered a definitive agreement to buy Olaplex, the hair-care brand that developed a cult following for its shampoos and other treatments.
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.