Mco Parent VidaCorp Rebrands to Axia Beauty Group
The company, which also owns brands Nude by Nature and Poni, also announced its new global headquarters and chief marketing officer.
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
Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.
Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.
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.
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.