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
Retail
Victoria’s Secret Owner and Sycamore Cancel Deal
The agreement brings an abrupt end to one of the highest-profile deals this year in the retail world and charts an uncertain path for a storied American brand.
Victoria’s Secret Owner and Sycamore Cancel Deal
The agreement brings an abrupt end to one of the highest-profile deals this year in the retail world and charts an uncertain path for a storied American brand.
Retail
The Big Keep Getting Bigger in the Pandemic-Rearranged Economy
Antitrust experts fear that as the largest companies increase market shares, decimated firms might disappear or have little choice but to sell out at fire-sale prices — and that lawmakers will be under pressure not to stand in the way as the economy struggles to recover.
The Big Keep Getting Bigger in the Pandemic-Rearranged Economy
Antitrust experts fear that as the largest companies increase market shares, decimated firms might disappear or have little choice but to sell out at fire-sale prices — and that lawmakers will be under pressure not to stand in the way as the economy struggles to recover.
Retail
Brooks Brothers Looks for a Buyer as Wall Street Works From Home
Even though its affluent clientele has little need for new suits at the moment, the brand’s history and cachet have elicited interest.
Brooks Brothers Looks for a Buyer as Wall Street Works From Home
Even though its affluent clientele has little need for new suits at the moment, the brand’s history and cachet have elicited interest.
Retail
What the Potential End of the Victoria’s Secret Deal Means for Retail M&A
The pandemic is a goldmine for opportunistic acquisitions, but not all challenged mall brands are created equal.
What the Potential End of the Victoria’s Secret Deal Means for Retail M&A
The pandemic is a goldmine for opportunistic acquisitions, but not all challenged mall brands are created equal.
Retail
Sycamore Partners Seeks to End Victoria's Secret Acquisition Deal
The firm argued in a filing that parents L Brands has eroded the value of the lingerie seller by furloughing staff and missing rent payments.
Sycamore Partners Seeks to End Victoria's Secret Acquisition Deal
The firm argued in a filing that parents L Brands has eroded the value of the lingerie seller by furloughing staff and missing rent payments.
Luxury
2020’s Top M&A Targets in Luxury
BoF tapped industry experts and analysed the market to determine which brands will likely be targeted this year — and which wild-card mergers could pick up steam.
2020’s Top M&A Targets in Luxury
BoF tapped industry experts and analysed the market to determine which brands will likely be targeted this year — and which wild-card mergers could pick up steam.
Luxury
What Will LVMH’s Tiffany Look Like?
The French luxury conglomerate snapped up one of hard luxury’s last available targets in a mega-deal worth $16.2 billion. With the transaction approved by shareholders and set to close by the middle of this year, BoF considers how the Tiffany-LVMH integration might pan out.
What Will LVMH’s Tiffany Look Like?
The French luxury conglomerate snapped up one of hard luxury’s last available targets in a mega-deal worth $16.2 billion. With the transaction approved by shareholders and set to close by the middle of this year, BoF considers how the Tiffany-LVMH integration might pan out.
Retail
Victoria's Secret's New Owner Has a History With Troubled Brands
As the down-and-out lingerie maker announces the sale of a majority stake to Sycamore, BoF breaks down how the private equity firm has dealt with its past acquisitions, from Hot Topic to Stuart Weitzman.
Victoria's Secret's New Owner Has a History With Troubled Brands
As the down-and-out lingerie maker announces the sale of a majority stake to Sycamore, BoF breaks down how the private equity firm has dealt with its past acquisitions, from Hot Topic to Stuart Weitzman.
Retail
Golden Goose Acquired By Permira
Current owner Carlyle aimed for bids valuing the Italian sneaker brand at no less than €1.2 billion, per sources.
Golden Goose Acquired By Permira
Current owner Carlyle aimed for bids valuing the Italian sneaker brand at no less than €1.2 billion, per sources.
Financial Markets
Edgewell Drops Harry's Acquisition After FTC opposition
Edgewell said Harry's intended to pursue litigation against it.
Edgewell Drops Harry's Acquisition After FTC opposition
Edgewell said Harry's intended to pursue litigation against it.
News & Analysis
L Brands Nears Sale of Victoria’s Secret to Sycamore Partners
"CEO Les Wexner has been under mounting pressure due to his ties to the late sex criminal Jeffrey Epstein."
L Brands Nears Sale of Victoria’s Secret to Sycamore Partners
"CEO Les Wexner has been under mounting pressure due to his ties to the late sex criminal Jeffrey Epstein."
Retail
Opening Ceremony Acquired by Off-White Backer New Guards Group
Founders Humberto Leon and Carol Lim will remain co-creative directors of the brand and the stores will close in 2020.
Opening Ceremony Acquired by Off-White Backer New Guards Group
Founders Humberto Leon and Carol Lim will remain co-creative directors of the brand and the stores will close in 2020.
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.