Danone Acquires Protein Drinks Maker Huel in €1 Billion Deal
Huel, which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group in a deal worth about $1.2 billion.
Greenwich, United States
Financial Markets
LVMH-Backed Private Equity Fund Sees More US Job Growth Coming in June
L Catterton Co-Chief Executive Michael Chu said he expects job growth this month will outpace the rise in May.
LVMH-Backed Private Equity Fund Sees More US Job Growth Coming in June
L Catterton Co-Chief Executive Michael Chu said he expects job growth this month will outpace the rise in May.
Financial Markets
Jessica Alba's Honest Co. Gets Investment From L Catterton
The $200 million investment from the private equity firm, which is for a minority stake in the business, will help Honest Co. bolster its supply chain and global reach
Jessica Alba's Honest Co. Gets Investment From L Catterton
The $200 million investment from the private equity firm, which is for a minority stake in the business, will help Honest Co. bolster its supply chain and global reach
Financial Markets
Starwood Said to Offer $1.2 Billion US Shopping Malls for Sale
Starwood is selling malls it had acquired from Westfield Corp. including assets in Chicago, San Francisco and Cleveland.
Starwood Said to Offer $1.2 Billion US Shopping Malls for Sale
Starwood is selling malls it had acquired from Westfield Corp. including assets in Chicago, San Francisco and Cleveland.
Global Markets
Yoga Wars: Start-up Yogasmoga Shakes Up Activewear Market
In a little more than two years, Yogasmoga has made a case for itself as Lululemon 2.0. The company shares many attributes with the latest crop of nascent e-commerce darlings: a slick and colour-saturated web store, high-end US manufacturing, and opulent products with price points in the sweet spot between the Gap and Prada.
Yoga Wars: Start-up Yogasmoga Shakes Up Activewear Market
In a little more than two years, Yogasmoga has made a case for itself as Lululemon 2.0. The company shares many attributes with the latest crop of nascent e-commerce darlings: a slick and colour-saturated web store, high-end US manufacturing, and opulent products with price points in the sweet spot between the Gap and Prada.
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The News in Brief
Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.