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.
mergers-acquisitions
Beauty
Introducing Full Coverage, a Beauty Newsletter From Priya Rao
The Business of Beauty’s executive editor is bringing back her weekly newsletter, and diving into how shifting ideals, new players and cultural movements are transforming the multi-billion-dollar beauty and wellness industries.
Introducing Full Coverage, a Beauty Newsletter From Priya Rao
The Business of Beauty’s executive editor is bringing back her weekly newsletter, and diving into how shifting ideals, new players and cultural movements are transforming the multi-billion-dollar beauty and wellness industries.
Beauty
Sonoma Brands Invests in British Beauty Distributor Discovered Brands
On Wednesday, the American private equity firm announced its minority investment of around $15 million in the London-based distributor which works with buzzy brands such as Ouai, Glow Recipe and Briogeo.
Sonoma Brands Invests in British Beauty Distributor Discovered Brands
On Wednesday, the American private equity firm announced its minority investment of around $15 million in the London-based distributor which works with buzzy brands such as Ouai, Glow Recipe and Briogeo.
Retail
UK Luggage Brand Antler Acquires Paravel in Liquidation Sale
The Strandbags-owned company is expanding its global portfolio by scooping up Paravel’s IP, betting on fashion-led branding and new categories to stand out in a crowded luggage market.
UK Luggage Brand Antler Acquires Paravel in Liquidation Sale
The Strandbags-owned company is expanding its global portfolio by scooping up Paravel’s IP, betting on fashion-led branding and new categories to stand out in a crowded luggage market.
Retail
BoF Masterclass | The New Rules for Getting Acquired
Watch on demand a BoF Professional Masterclass that explores the topic in our latest report, “The New Rules for Getting Acquired.”
BoF Masterclass | The New Rules for Getting Acquired
Watch on demand a BoF Professional Masterclass that explores the topic in our latest report, “The New Rules for Getting Acquired.”
Creative Class
Kendrick Lamar Launches Creative Agency
Project 3, a subdivision of the rapper's production company pgLang, will provide creative direction, content creation, event planning and more.
Kendrick Lamar Launches Creative Agency
Project 3, a subdivision of the rapper's production company pgLang, will provide creative direction, content creation, event planning and more.
Luxury
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans
The Singapore state-owned investor has agreed to buy a roughly 5 percent stake in Ermenegildo Zegna for $126.4 million, after previously scooping up shares amounting to another 5 percent. The deal will accelerate the Italian fashion group’s expansion plans, the company said.
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans
The Singapore state-owned investor has agreed to buy a roughly 5 percent stake in Ermenegildo Zegna for $126.4 million, after previously scooping up shares amounting to another 5 percent. The deal will accelerate the Italian fashion group’s expansion plans, the company said.
Beauty
TSG Consumer Partners Acquires Phlur
The evocative masstige fragrance brand, relaunched by influencer Chriselle Lim and Ben Bennett’s The Center, will join the private equity firm’s portfolio, The Business of Beauty can exclusively confirm.
TSG Consumer Partners Acquires Phlur
The evocative masstige fragrance brand, relaunched by influencer Chriselle Lim and Ben Bennett’s The Center, will join the private equity firm’s portfolio, The Business of Beauty can exclusively confirm.
Retail
Korean Fashion Retailer F&F Hires Goldman for TaylorMade Acquisition
F&F stated it would take legal action if the owner of the global golf products maker proceeds with a separate sale process.
Korean Fashion Retailer F&F Hires Goldman for TaylorMade Acquisition
F&F stated it would take legal action if the owner of the global golf products maker proceeds with a separate sale process.
Beauty
Why Ulta Beauty Bought Space NK
The US retailer’s surprise buyout of the London-based upmarket chain is in line with its recent business overall, which puts global expansion at the core of future growth.
Why Ulta Beauty Bought Space NK
The US retailer’s surprise buyout of the London-based upmarket chain is in line with its recent business overall, which puts global expansion at the core of future growth.
Beauty
Ulta Beauty Acquires Space NK
The deal gives the US specialty retailer a strong footprint in the UK market as it looks to drive international growth.
Ulta Beauty Acquires Space NK
The deal gives the US specialty retailer a strong footprint in the UK market as it looks to drive international growth.
Retail
Saks Is Ceding Ground to Luxury Rivals After Buying Neiman Marcus
The $2.7 billion acquisition was intended to strengthen the department stores’ positions as luxury giants, but now both are struggling against competitors like Nordstrom and Bloomingdale’s.
Saks Is Ceding Ground to Luxury Rivals After Buying Neiman Marcus
The $2.7 billion acquisition was intended to strengthen the department stores’ positions as luxury giants, but now both are struggling against competitors like Nordstrom and Bloomingdale’s.
Beauty
Who Could Buy Coty’s Brands?
Rumours have swirled in recent weeks that the American cosmetics company is looking to offload its consumer and prestige brands. In a cooling market and with a mixed portfolio, finding buyers is a hard sell.
Who Could Buy Coty’s Brands?
Rumours have swirled in recent weeks that the American cosmetics company is looking to offload its consumer and prestige brands. In a cooling market and with a mixed portfolio, finding buyers is a hard sell.
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.