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
Luxury
Exclusive: Roberto Cavalli CEO to Exit as Owner Seeks Sale
Sergio Azzolari is stepping down after less than three years at the helm of the Italian label as its Dubai-based owner aims to bring on a strategic partner to support growth at the loss-making brand.
Exclusive: Roberto Cavalli CEO to Exit as Owner Seeks Sale
Sergio Azzolari is stepping down after less than three years at the helm of the Italian label as its Dubai-based owner aims to bring on a strategic partner to support growth at the loss-making brand.
Beauty
L’Oréal to Acquire British Skincare Brand Medik8
The world’s biggest beauty company has acquired a majority stake in the English premium skin care line known for its science-backed serums.
L’Oréal to Acquire British Skincare Brand Medik8
The world’s biggest beauty company has acquired a majority stake in the English premium skin care line known for its science-backed serums.
Beauty
Why Hailey Bieber Won the Celebrity Beauty Lottery | The Debrief
E.l.f. Beauty’s $1 billion acquisition of Rhode demonstrates the power of authentic branding amid a sea of generic beauty lines fronted by famous faces.
Why Hailey Bieber Won the Celebrity Beauty Lottery | The Debrief
E.l.f. Beauty’s $1 billion acquisition of Rhode demonstrates the power of authentic branding amid a sea of generic beauty lines fronted by famous faces.
Retail
Case Study | The New Rules for Getting Acquired
Securing an exit at a desirable valuation has gotten harder for start-ups in recent years. But brands with strong growth strategies and loyal followings can still attract buyers that will maintain their integrity while taking their businesses to the next level, regardless of economic conditions.
Case Study | The New Rules for Getting Acquired
Securing an exit at a desirable valuation has gotten harder for start-ups in recent years. But brands with strong growth strategies and loyal followings can still attract buyers that will maintain their integrity while taking their businesses to the next level, regardless of economic conditions.
Retail
Why Blockbuster Deals Are Back in Fashion
In an era of tariffs and turmoil, fashion’s boldest players are placing billion-dollar bets — and finding bargains in a high-risk, high-reward wave of M&A.
Why Blockbuster Deals Are Back in Fashion
In an era of tariffs and turmoil, fashion’s boldest players are placing billion-dollar bets — and finding bargains in a high-risk, high-reward wave of M&A.
Luxury
Seeking to Reduce Gucci Dependence, Kering Created a Debt Problem
A string of acquisitions piled up debts just as the industry entered a prolonged slump. Now, those debts are getting harder to manage.
Seeking to Reduce Gucci Dependence, Kering Created a Debt Problem
A string of acquisitions piled up debts just as the industry entered a prolonged slump. Now, those debts are getting harder to manage.
Beauty
E.l.f. Beauty Acquires Hailey Bieber’s Rhode Skin for $1 Billion
In an interview with The Business of Beauty, E.l.f. chairman and chief executive Tarang Amin said the two brands recognised the “power” of joining forces.
E.l.f. Beauty Acquires Hailey Bieber’s Rhode Skin for $1 Billion
In an interview with The Business of Beauty, E.l.f. chairman and chief executive Tarang Amin said the two brands recognised the “power” of joining forces.
Retail
Retailers Pummelled by Trump’s Trade War Entertain More ‘Take-Private’ Offers
Hit hard by President Trump’s trade war and volatile markets, some publicly traded retailers are increasingly considering offers to sell to private equity.
Retailers Pummelled by Trump’s Trade War Entertain More ‘Take-Private’ Offers
Hit hard by President Trump’s trade war and volatile markets, some publicly traded retailers are increasingly considering offers to sell to private equity.
Sports
Change Is Coming to the Sneaker Retail Landscape
Dick’s Sporting Goods’ acquisition of Foot Locker will have impacts on the rest of the industry, from brands such as Nike and Adidas to rival retailers like JD Sports.
Change Is Coming to the Sneaker Retail Landscape
Dick’s Sporting Goods’ acquisition of Foot Locker will have impacts on the rest of the industry, from brands such as Nike and Adidas to rival retailers like JD Sports.
Retail
The Next Sneaker Powerhouse?
Dick’s Sporting Goods’ surprise purchase of Foot Locker sets it up to be a major new player in the global sneaker market — if it can execute on its vision.
The Next Sneaker Powerhouse?
Dick’s Sporting Goods’ surprise purchase of Foot Locker sets it up to be a major new player in the global sneaker market — if it can execute on its vision.
Luxury
Mytheresa Reports Slower Sales Growth
The German e-tailer’s ability to outperform a broader luxury slump was challenged by uncertainty in the US in its fiscal quarter that ended in March — a minor setback as it seeks to become a leader in online luxury.
Mytheresa Reports Slower Sales Growth
The German e-tailer’s ability to outperform a broader luxury slump was challenged by uncertainty in the US in its fiscal quarter that ended in March — a minor setback as it seeks to become a leader in online luxury.
Direct-to-Consumer
Andie Acquires Richer Poorer
The two digitally-native brands will sell their products across both sites as the combined company aims to reach $100 million in annual sales in the next three to five years.
Andie Acquires Richer Poorer
The two digitally-native brands will sell their products across both sites as the combined company aims to reach $100 million in annual sales in the next three to five years.
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.