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.
acquisition
Latest News & Analysis
Luxury
Tomorrow Acquires Majority Stake in Martine Rose Label
In a first for the London-based showroom-turned-brand accelerator, the equity investment also includes a share swap, giving Martine Rose an undisclosed stake in the Tomorrow business.
Tomorrow Acquires Majority Stake in Martine Rose Label
In a first for the London-based showroom-turned-brand accelerator, the equity investment also includes a share swap, giving Martine Rose an undisclosed stake in the Tomorrow business.
Luxury
LVMH’s Tiffany Is on the Right Track
A swift management overhaul, ‘shock and awe’ marketing and new products have contributed to strong momentum since the group acquired the jeweller in January, writes Luca Solca.
LVMH’s Tiffany Is on the Right Track
A swift management overhaul, ‘shock and awe’ marketing and new products have contributed to strong momentum since the group acquired the jeweller in January, writes Luca Solca.
Retail
Will the ABG Playbook Work at Reebok?
Adidas is selling the sneaker brand for about $2.5 billion, after finding success in recent years by mining the archive and partnering with celebrities and designers. The deal also reunites the brand with Shaquille O’Neal, the face of Reebok during its glory days.
Will the ABG Playbook Work at Reebok?
Adidas is selling the sneaker brand for about $2.5 billion, after finding success in recent years by mining the archive and partnering with celebrities and designers. The deal also reunites the brand with Shaquille O’Neal, the face of Reebok during its glory days.
Retail
Wolverine Worldwide Acquires Sweaty Betty for $410 Million
The deal marks an expansion into apparel and direct-to-consumer business for the group known for its wholesale-dependent footwear brands.
Wolverine Worldwide Acquires Sweaty Betty for $410 Million
The deal marks an expansion into apparel and direct-to-consumer business for the group known for its wholesale-dependent footwear brands.
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Retail
PVH Sells Heritage Brands Assets to Authentic Brands Group in $220 Million Deal
The American fashion group is exiting the business to focus on its core brands, Tommy Hilfiger and Calvin Klein.
PVH Sells Heritage Brands Assets to Authentic Brands Group in $220 Million Deal
The American fashion group is exiting the business to focus on its core brands, Tommy Hilfiger and Calvin Klein.
Retail
Ralph Lauren Sells Club Monaco to Private Equity Firm Regent
The deal concludes a strategic overhaul announced last year.
Ralph Lauren Sells Club Monaco to Private Equity Firm Regent
The deal concludes a strategic overhaul announced last year.
Luxury
Tomorrow Acquires Stake in Charles Jeffrey Loverboy
The brand accelerator is pushing a new model for growing emerging labels in a fashion market where going it alone as a small independent brand is tougher than ever.
Tomorrow Acquires Stake in Charles Jeffrey Loverboy
The brand accelerator is pushing a new model for growing emerging labels in a fashion market where going it alone as a small independent brand is tougher than ever.
Retail
Carlyle Takes Majority Stake in End. as Streetwear Deals Heat Up
The deal reportedly values the menswear retailer at $1 billion. Co-founders Christiaan Ashworth and John Parker will retain a significant minority stake and remain co-CEOs.
Carlyle Takes Majority Stake in End. as Streetwear Deals Heat Up
The deal reportedly values the menswear retailer at $1 billion. Co-founders Christiaan Ashworth and John Parker will retain a significant minority stake and remain co-CEOs.
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Beauty
Francisco Costa’s Costa Brazil Acquired by Biotech Company Amyris
The acquisition gives Amyris another consumer brand and Costa Brazil the resources it needs to expand into new markets.
Francisco Costa’s Costa Brazil Acquired by Biotech Company Amyris
The acquisition gives Amyris another consumer brand and Costa Brazil the resources it needs to expand into new markets.
News & Analysis
Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
Birkenstock Gets Reported €4 Billion Valuation in L Catterton Deal
The LVMH-backed private equity firm has taken a majority stake in the German footwear company. Financière Agache, the family office of LVMH Chairman Bernard Arnault, will also invest.
Beauty
Why Estée Lauder Is Shutting Down Becca Cosmetics
The 2016 acquisition was already challenged before the pandemic, and the beauty conglomerate is making cuts as it looks ahead at a post-pandemic recovery.
Why Estée Lauder Is Shutting Down Becca Cosmetics
The 2016 acquisition was already challenged before the pandemic, and the beauty conglomerate is making cuts as it looks ahead at a post-pandemic recovery.
Beauty
Why Estée Lauder Is Finally Acquiring Deciem
The American prestige beauty giant’s purchase of the company, best known for $6 serums, is a sign of the increasing blur between drugstore and luxury.
Why Estée Lauder Is Finally Acquiring Deciem
The American prestige beauty giant’s purchase of the company, best known for $6 serums, is a sign of the increasing blur between drugstore and luxury.
The News in Brief
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.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.