Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity
French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.
mergers-acquisitions
Beauty
The Truth About Violet Grey’s Acquisition Plans
Chief executive Sherif Guirgis set the record straight about the company’s acquisitions, and shared his growth plans with The Business of Beauty exclusively.
The Truth About Violet Grey’s Acquisition Plans
Chief executive Sherif Guirgis set the record straight about the company’s acquisitions, and shared his growth plans with The Business of Beauty exclusively.
Beauty
Introducing Full Coverage, a Beauty Newsletter From Priya Rao
The Business of Beauty’s executive editor is bringing back her weekly newsletter, and diving into how shifting ideals, new players and cultural movements are transforming the multi-billion-dollar beauty and wellness industries.
Introducing Full Coverage, a Beauty Newsletter From Priya Rao
The Business of Beauty’s executive editor is bringing back her weekly newsletter, and diving into how shifting ideals, new players and cultural movements are transforming the multi-billion-dollar beauty and wellness industries.
Beauty
Byoma Acquired by Bansk Group
The viral skincare brand, popular with Gen-Z for its affordable formulas and trending ingredients, is the latest to join Bansk’s growing beauty portfolio which also includes hair-care line Amika.
Byoma Acquired by Bansk Group
The viral skincare brand, popular with Gen-Z for its affordable formulas and trending ingredients, is the latest to join Bansk’s growing beauty portfolio which also includes hair-care line Amika.
Beauty
KKR Buys South Korea’s Samhwa in $528 Million Deal
The deal comes as South Korea’s cosmetics industry gains global popularity and ranks among the world’s top cosmetics exporters.
KKR Buys South Korea’s Samhwa in $528 Million Deal
The deal comes as South Korea’s cosmetics industry gains global popularity and ranks among the world’s top cosmetics exporters.
Retail
Mytheresa Announces Layoffs at Yoox-Net-a-Porter
The German e-tailer said 700 employees will be impacted by an ongoing restructuring as the company integrates YNAP into its new parent organisation, LuxExperience.
Mytheresa Announces Layoffs at Yoox-Net-a-Porter
The German e-tailer said 700 employees will be impacted by an ongoing restructuring as the company integrates YNAP into its new parent organisation, LuxExperience.
Beauty
Sonoma Brands Invests in British Beauty Distributor Discovered Brands
On Wednesday, the American private equity firm announced its minority investment of around $15 million in the London-based distributor which works with buzzy brands such as Ouai, Glow Recipe and Briogeo.
Sonoma Brands Invests in British Beauty Distributor Discovered Brands
On Wednesday, the American private equity firm announced its minority investment of around $15 million in the London-based distributor which works with buzzy brands such as Ouai, Glow Recipe and Briogeo.
Retail
Heritage Fashion Brand Belstaff Bought by British Sportswear Group Castore
The billionaire Sir Jim Ratcliffe’s Ineos purchased the struggling British motorcycle gear brand for an undisclosed sum.
Heritage Fashion Brand Belstaff Bought by British Sportswear Group Castore
The billionaire Sir Jim Ratcliffe’s Ineos purchased the struggling British motorcycle gear brand for an undisclosed sum.
Beauty
Indie Skincare Brand Bubble Hires Investment Bank
The maker of affordable products like Slam Dunk Moisturiser and Soft Launch cleanser has hired the investment bank Centerview to explore its growth options, founder Shai Eisenman confirmed to The Business of Beauty.
Indie Skincare Brand Bubble Hires Investment Bank
The maker of affordable products like Slam Dunk Moisturiser and Soft Launch cleanser has hired the investment bank Centerview to explore its growth options, founder Shai Eisenman confirmed to The Business of Beauty.
Luxury
Report: Canada Goose Receives Take-Private Bids at $1.4 Billion Valuation
Controlling shareholder Bain Capital, which is looking to offload its stake, has received multiple bids to take the luxury outerwear brand private at a valuation around $1.4 billion, but is waiting for more offers, CNBC reported on Tuesday.
Report: Canada Goose Receives Take-Private Bids at $1.4 Billion Valuation
Controlling shareholder Bain Capital, which is looking to offload its stake, has received multiple bids to take the luxury outerwear brand private at a valuation around $1.4 billion, but is waiting for more offers, CNBC reported on Tuesday.
Beauty
Olaplex Acquires Biotech Firm Purvala
In its first-ever acquisition, the hair care brand has purchased a biotechnology laboratory founded by an MIT professor to further its research and development capabilities.
Olaplex Acquires Biotech Firm Purvala
In its first-ever acquisition, the hair care brand has purchased a biotechnology laboratory founded by an MIT professor to further its research and development capabilities.
Retail
UK Luggage Brand Antler Acquires Paravel in Liquidation Sale
The Strandbags-owned company is expanding its global portfolio by scooping up Paravel’s IP, betting on fashion-led branding and new categories to stand out in a crowded luggage market.
UK Luggage Brand Antler Acquires Paravel in Liquidation Sale
The Strandbags-owned company is expanding its global portfolio by scooping up Paravel’s IP, betting on fashion-led branding and new categories to stand out in a crowded luggage market.
Retail
Guess Will Go Private in $1.4 Billion Deal With Authentic Brands
Shareholders will get $16.75 a share in cash, a 26 percent premium to the stock’s closing price on Tuesday.
Guess Will Go Private in $1.4 Billion Deal With Authentic Brands
Shareholders will get $16.75 a share in cash, a 26 percent premium to the stock’s closing price on Tuesday.
The News in Brief
CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
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.
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.