Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
mergers-acquisitions
Luxury
Why Prada Moved on From Dario Vitale (and What Comes Next for Versace)
The news that Versace’s designer is exiting the brand comes two days after Prada’s acquisition of the brand, confirming months of speculation. What will Versace do next?
Why Prada Moved on From Dario Vitale (and What Comes Next for Versace)
The news that Versace’s designer is exiting the brand comes two days after Prada’s acquisition of the brand, confirming months of speculation. What will Versace do next?
Sports
Opinion: Puma’s Trailing the Pack — Deal or No Deal
The key to transforming the German sportswear brand is turbocharging sales growth, and that will be a struggle, writes Andrea Felsted.
Opinion: Puma’s Trailing the Pack — Deal or No Deal
The key to transforming the German sportswear brand is turbocharging sales growth, and that will be a struggle, writes Andrea Felsted.
Beauty
L’Oréal Will Start Work on Potential Armani Deal ‘Very Soon’, Says CFO
Chatting with analysts, L’Oréal CFO Christophe Babule said the French group is looking at a potential investment as one of the the Italian fashion house’s preferred bidders.
L’Oréal Will Start Work on Potential Armani Deal ‘Very Soon’, Says CFO
Chatting with analysts, L’Oréal CFO Christophe Babule said the French group is looking at a potential investment as one of the the Italian fashion house’s preferred bidders.
Luxury
Prada CEO Sees No Further Acquisitions After Versace Closing Next Week
Andrea Guerra stated that the luxury group has no immediate plans for further acquisitions following the expected completion of the Versace takeover next week.
Prada CEO Sees No Further Acquisitions After Versace Closing Next Week
Andrea Guerra stated that the luxury group has no immediate plans for further acquisitions following the expected completion of the Versace takeover next week.
Luxury
Report: EssilorLuxottica Prepared to Buy 5%-10% of Armani
Eyewear giant EssilorLuxottica SA is prepared to buy a 5 percent to 10 percent stake of Giorgio Armani SpA, following the death of the fashion house’s founder, Il Sole 24 Ore reported.
Report: EssilorLuxottica Prepared to Buy 5%-10% of Armani
Eyewear giant EssilorLuxottica SA is prepared to buy a 5 percent to 10 percent stake of Giorgio Armani SpA, following the death of the fashion house’s founder, Il Sole 24 Ore reported.
Retail
Mytheresa Parent Company Reports Sales and Profit Declines
LuxExperience reported a 4 percent dip in overall sales as Yoox Net-a-Porter’s declines overshadowed Mytheresa’s continued growth.
Mytheresa Parent Company Reports Sales and Profit Declines
LuxExperience reported a 4 percent dip in overall sales as Yoox Net-a-Porter’s declines overshadowed Mytheresa’s continued growth.
Luxury
LVMH’s Watch Unit Takes Minority Stake in La Joux-Perret
The move deepens LVMH’s partnership with the high-end Swiss watch movement and component manufacturer.
LVMH’s Watch Unit Takes Minority Stake in La Joux-Perret
The move deepens LVMH’s partnership with the high-end Swiss watch movement and component manufacturer.
Retail
Mytheresa Parent Company to Sell The Outnet to Investment Group
LuxExperience on Friday announced it was offloading the assets of the discount e-tailer to The O Group, six months after finalising its acquisition of Yoox-Net-a-Porter.
Mytheresa Parent Company to Sell The Outnet to Investment Group
LuxExperience on Friday announced it was offloading the assets of the discount e-tailer to The O Group, six months after finalising its acquisition of Yoox-Net-a-Porter.
Luxury
How the Kering-L’Oréal Deal Rocked Fashion and Beauty
This week, Kering agreed to sell off its beauty unit to L’Oréal for $4.6 billion in a transaction that’s seismic for both groups. But its ripple effects will be felt further afield, too.
How the Kering-L’Oréal Deal Rocked Fashion and Beauty
This week, Kering agreed to sell off its beauty unit to L’Oréal for $4.6 billion in a transaction that’s seismic for both groups. But its ripple effects will be felt further afield, too.
Beauty
Report: Advent International Explores Sale of Parfums de Marly
The private equity firm is in early talks to unload the French fragrance brand at a possible $2 billion valuation, according to a report in the Financial Times.
Report: Advent International Explores Sale of Parfums de Marly
The private equity firm is in early talks to unload the French fragrance brand at a possible $2 billion valuation, according to a report in the Financial Times.
Beauty
L’Oréal to Acquire Kering Beauty Portfolio for $4.6 Billion
The companies announced on Sunday that L’Oréal will acquire Kering’s beauty brands and licenses for its fashion house names, including Gucci.
L’Oréal to Acquire Kering Beauty Portfolio for $4.6 Billion
The companies announced on Sunday that L’Oréal will acquire Kering’s beauty brands and licenses for its fashion house names, including Gucci.
Beauty
Kering Plans to Sell $4 Billion Beauty Division to L’Oréal
A deal would be an early move by new Kering CEO Luca de Meo to revive the luxury giant’s fortunes.
Kering Plans to Sell $4 Billion Beauty Division to L’Oréal
A deal would be an early move by new Kering CEO Luca de Meo to revive the luxury giant’s fortunes.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.