Spain’s Puig Shares Jump on Lauder Merger Talks
Shares of the Spanish beauty group surged around 16 percent on Tuesday, on track for their best trading day on record, after announcing they were in talks over a potential merger with Estée Lauder.
leadership
Luxury
Sergio Rossi Taps Paul Andrew as Creative Director
The designer brings “creative design expertise and forward-thinking approach,” the Italian footwear brand owned by Lanvin Group said.
Sergio Rossi Taps Paul Andrew as Creative Director
The designer brings “creative design expertise and forward-thinking approach,” the Italian footwear brand owned by Lanvin Group said.
Luxury
Burberry’s CEO Shake-Up, Explained
The British trench coat maker’s revenues tumbled over 20 percent this spring. How will new leadership change the strategy? And will it work?
Burberry’s CEO Shake-Up, Explained
The British trench coat maker’s revenues tumbled over 20 percent this spring. How will new leadership change the strategy? And will it work?
Luxury
Richemont Names New Brand CEOs
The Cartier and Van Cleef & Arpels owner is reshuffling its top management team once again amid wider succession planning.
Richemont Names New Brand CEOs
The Cartier and Van Cleef & Arpels owner is reshuffling its top management team once again amid wider succession planning.
Beauty
Bobbi Brown Is Now the Host of This Zoom Meeting
Jones Road, the makeup artist-backed beauty label is built on feedback, insights and suggestions from its community. But sometimes, its founder has to push back.
Bobbi Brown Is Now the Host of This Zoom Meeting
Jones Road, the makeup artist-backed beauty label is built on feedback, insights and suggestions from its community. But sometimes, its founder has to push back.
Retail
Is Gap’s Turnaround Finally Working?
Signs of recovery at the American retailer have convinced some analysts that its stock may be undervalued. Others say it’s too soon to tell, but even the sceptics note improvements on product, merchandising and markdowns.
Is Gap’s Turnaround Finally Working?
Signs of recovery at the American retailer have convinced some analysts that its stock may be undervalued. Others say it’s too soon to tell, but even the sceptics note improvements on product, merchandising and markdowns.
Luxury
Lanvin Names Peter Copping Its New Artistic Director
Copping, who most recently worked behind the scenes at Balenciaga, will join France’s oldest couture house from September. The designer previously served as director of Oscar de la Renta and Nina Ricci.
Lanvin Names Peter Copping Its New Artistic Director
Copping, who most recently worked behind the scenes at Balenciaga, will join France’s oldest couture house from September. The designer previously served as director of Oscar de la Renta and Nina Ricci.
Luxury
Op-Ed | Could LVMH Buy Richemont?
Acquiring Richemont would catapult LVMH into a completely different stratosphere to the rest of the luxury industry, writes Andrea Felsted.
Op-Ed | Could LVMH Buy Richemont?
Acquiring Richemont would catapult LVMH into a completely different stratosphere to the rest of the luxury industry, writes Andrea Felsted.
Luxury
Arnault Said to Have Bought Stake in Richemont
The stake was described by a source as “small” and part of a broader Arnault family-owned portfolio of investments in publicly listed companies.
Arnault Said to Have Bought Stake in Richemont
The stake was described by a source as “small” and part of a broader Arnault family-owned portfolio of investments in publicly listed companies.
Retail
Adidas CEO Rides Samba Craze to Revive Brand After Ye Debacle
Bjorn Gulden’s reliance on gut instinct has produced some successes already, but investors are wondering how far it will carry the company and whether it could create new vulnerabilities in the future.
Adidas CEO Rides Samba Craze to Revive Brand After Ye Debacle
Bjorn Gulden’s reliance on gut instinct has produced some successes already, but investors are wondering how far it will carry the company and whether it could create new vulnerabilities in the future.
Direct-to-Consumer
How to Save a DTC Brand Without Crushing Its Soul
The past year has seen a stream of last-minute rescue deals for once-hot start-ups. Acquirers of formerly distressed brands weigh in on how to improve operations and retain what made them special in the first place.
How to Save a DTC Brand Without Crushing Its Soul
The past year has seen a stream of last-minute rescue deals for once-hot start-ups. Acquirers of formerly distressed brands weigh in on how to improve operations and retain what made them special in the first place.
Luxury
Where Breitling’s CEO Is Placing His Bets
Georges Kern talks to BoF about the state of the Swiss watch sector, next steps for the Breitling brand and why brands hiking prices without product upgrades will suffer.
Where Breitling’s CEO Is Placing His Bets
Georges Kern talks to BoF about the state of the Swiss watch sector, next steps for the Breitling brand and why brands hiking prices without product upgrades will suffer.
Beauty
Unilever Prestige CEO Vasiliki Petrou to Step Down
The executive is leaving the beauty conglomerate to launch her own investment fund.
Unilever Prestige CEO Vasiliki Petrou to Step Down
The executive is leaving the beauty conglomerate to launch her own investment fund.
The News in Brief
Oil Slides, Stocks Climb on Trump’s Iran Reprieve
Oil prices tumbled by over 8 percent after Trump said the US was in talks with Tehran to end the US-Israeli war on Iran, a claim parliamentary speaker Mohammad Baqer Ghalibaf has denied.
Puig, Estée Lauder Companies Considering Merger
The Spanish owner of Byredo, Rabanne and Charlotte Tilbury and the American conglomerate confirmed on Monday that they are in discussions to combine their businesses.
Applied Nutrition Sinks as War Disruption Poses Growth Risk
The UK supplement maker's shares slumped the most since its 2024 IPO after warning of disruption from the conflict in the Middle East, its CEO told Bloomberg.
New Luxury Store Openings Rise in Europe, Cushman Data Shows
The continent’s leading luxury retail streets saw a 13 percent rise in new outlets last year, with fierce competition for prime locations, according to Cushman & Wakefield.
Garage Clothing Owner Rides Y2K Fashion to $5.3 Billion Fortune
Andrew Lutfy, CEO and majority owner of Groupe Dynamite, saw his net worth surge to $5.3 billion after a sharp rise in shares following the company’s 2024 IPO.
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.
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.