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
Beauty
Unilever Offloads Prestige Skincare Line Kate Somerville
The skincare label has been sold to Rare Beauty Brands in a deal set to close this year, Unilever announced on Tuesday.
Unilever Offloads Prestige Skincare Line Kate Somerville
The skincare label has been sold to Rare Beauty Brands in a deal set to close this year, Unilever announced on Tuesday.
Beauty
Why Beauty Companies Keep Cutting Their Portfolios
As shoppers and investors alike tighten their purse strings, a renewed focus on proven, lasting brands and categories is thinning the herd.
Why Beauty Companies Keep Cutting Their Portfolios
As shoppers and investors alike tighten their purse strings, a renewed focus on proven, lasting brands and categories is thinning the herd.
Luxury
Prada Gets EU Approval for Versace Acquisition
The European Commission said the deal poses no competition concerns.
Prada Gets EU Approval for Versace Acquisition
The European Commission said the deal poses no competition concerns.
Luxury
What Is Armani Group Worth? It’s Complicated
Giorgio Armani’s will stipulated that 15 percent of the company he founded must be sold by early 2027, but putting a price tag on the group is an inexact science.
What Is Armani Group Worth? It’s Complicated
Giorgio Armani’s will stipulated that 15 percent of the company he founded must be sold by early 2027, but putting a price tag on the group is an inexact science.
Luxury
Mytheresa Sustains Profitable Growth Amid YNAP Merger
The German e-tailer’s net sales grew 12 percent in the final quarter of its fiscal 2025, but its newly acquired Net-a-Porter and Mr Porter saw continued declines during the same period.
Mytheresa Sustains Profitable Growth Amid YNAP Merger
The German e-tailer’s net sales grew 12 percent in the final quarter of its fiscal 2025, but its newly acquired Net-a-Porter and Mr Porter saw continued declines during the same period.
Retail
Ssense Founders Join Sale Process for Troubled Retailer
Rami Atallah, chief executive of the embattled e-tailer, told employees on Sep. 17 that the company is set to be sold in early October, and announced a new round of layoffs.
Ssense Founders Join Sale Process for Troubled Retailer
Rami Atallah, chief executive of the embattled e-tailer, told employees on Sep. 17 that the company is set to be sold in early October, and announced a new round of layoffs.
Beauty
L’Oréal Only Interested in Armani’s Profitable Beauty Business
The French beauty giant was one of three preferred bidders cited in Armani’s will for an initial stake sale of 15 percent in Giorgio Armani, but would only pursue its beauty business, according to a person familiar with the matter.
L’Oréal Only Interested in Armani’s Profitable Beauty Business
The French beauty giant was one of three preferred bidders cited in Armani’s will for an initial stake sale of 15 percent in Giorgio Armani, but would only pursue its beauty business, according to a person familiar with the matter.
Retail
Report: Saks Global to Sell $1 Billion Stake in Bergdorf Goodman
The retailer is seeking an investor to take on 49 percent of the New York luxury retailer, according to the Wall Street Journal. Proceeds will go towards easing a heavy debt load less than a year after acquiring Neiman Marcus.
Report: Saks Global to Sell $1 Billion Stake in Bergdorf Goodman
The retailer is seeking an investor to take on 49 percent of the New York luxury retailer, according to the Wall Street Journal. Proceeds will go towards easing a heavy debt load less than a year after acquiring Neiman Marcus.
Beauty
Natura Reaches Deal to Sell Avon’s Central American Operations
The Brazilian giant will sell the beauty label’s businesses in Central America to consumer goods company Grupo PDC for $22 million.
Natura Reaches Deal to Sell Avon’s Central American Operations
The Brazilian giant will sell the beauty label’s businesses in Central America to consumer goods company Grupo PDC for $22 million.
Beauty
Cos Bar Acquired by Private Investment Firm
The high-end specialty retailer has been acquired by US investment firm the Mitchell Family Office, founded by the serial healthcare entrepreneur Mark Mitchell.
Cos Bar Acquired by Private Investment Firm
The high-end specialty retailer has been acquired by US investment firm the Mitchell Family Office, founded by the serial healthcare entrepreneur Mark Mitchell.
Beauty
Nudestix Acquired by Undisclosed US Firm
The Canadian makeup label declined to name its new owner, but said the partnership would unlock growth through the company’s existing retail network.
Nudestix Acquired by Undisclosed US Firm
The Canadian makeup label declined to name its new owner, but said the partnership would unlock growth through the company’s existing retail network.
Sports
Pinault Family Won’t Exit Puma Stake at Current Value, Source Says
Artemis, the Pinault family’s holding company, will not sell its 29 percent stake in Puma at its current market value and is not engaged in negotiations, according to a source with knowledge of the firm’s operations.
Pinault Family Won’t Exit Puma Stake at Current Value, Source Says
Artemis, the Pinault family’s holding company, will not sell its 29 percent stake in Puma at its current market value and is not engaged in negotiations, according to a source with knowledge of the firm’s operations.
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.