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
Retail
Mytheresa Acquires Yoox Net-a-Porter From Richemont in Equity Deal
Under the terms of the transaction, Richemont will take a 33 percent stake in Mytheresa. The deal brings Richemont’s years-long slog to offload the troubled YNAP to a close.
Mytheresa Acquires Yoox Net-a-Porter From Richemont in Equity Deal
Under the terms of the transaction, Richemont will take a 33 percent stake in Mytheresa. The deal brings Richemont’s years-long slog to offload the troubled YNAP to a close.
Luxury
Wall Street Bets on $8.5 Billion Fashion Deal’s Fate in Trial
US antitrust enforcers face a pivotal moment on Monday as a federal judge hears closing arguments in their bid to block Tapestry Inc.’s $8.5 billion merger with Capri Holdings Ltd., a decision that could significantly impact hedge funds and investors banking on the deal’s outcome.
Wall Street Bets on $8.5 Billion Fashion Deal’s Fate in Trial
US antitrust enforcers face a pivotal moment on Monday as a federal judge hears closing arguments in their bid to block Tapestry Inc.’s $8.5 billion merger with Capri Holdings Ltd., a decision that could significantly impact hedge funds and investors banking on the deal’s outcome.
Retail
What the Fed’s Big Rate Cut Means for Fashion
The US Federal Reserve’s first interest rate cut since the pandemic will make borrowing cheaper. Ideally, it will ease pressure on some brands and retailers, encourage investment and drive more spending from shoppers.
What the Fed’s Big Rate Cut Means for Fashion
The US Federal Reserve’s first interest rate cut since the pandemic will make borrowing cheaper. Ideally, it will ease pressure on some brands and retailers, encourage investment and drive more spending from shoppers.
Luxury
Michael Kors Highlights Handbag Market Diversity in FTC Hearing
Michael Kors testified about the nature of the competitive landscape of the handbag market, as the FTC scrutinises Tapestry’s $8.5 billion acquisition of Capri Holdings.
Michael Kors Highlights Handbag Market Diversity in FTC Hearing
Michael Kors testified about the nature of the competitive landscape of the handbag market, as the FTC scrutinises Tapestry’s $8.5 billion acquisition of Capri Holdings.
Beauty
Cassandra Grey Buys Back Violet Grey — With Some Help
The cult beauty retailer’s founder teamed up with investor Sherif Guirgis to acquire the business back from Coupang, the South Korean owner of Farfetch.
Cassandra Grey Buys Back Violet Grey — With Some Help
The cult beauty retailer’s founder teamed up with investor Sherif Guirgis to acquire the business back from Coupang, the South Korean owner of Farfetch.
Partner Content
Scotch & Soda’s Next Chapter
Scotch & Soda is relaunching with a new strategic focus, backed by new owners Bluestar Alliance. BoF learns more.
Scotch & Soda’s Next Chapter
Scotch & Soda is relaunching with a new strategic focus, backed by new owners Bluestar Alliance. BoF learns more.
Luxury
The Coach-Michael Kors Deal Has Its Day in Court
Hours before its runway show during New York Fashion Week on Monday, Coach’s parent company, Tapestry, faced off with the FTC to prove its $8 billion acquisition of Michael Kors’ owner Capri isn’t anti-competitive.
The Coach-Michael Kors Deal Has Its Day in Court
Hours before its runway show during New York Fashion Week on Monday, Coach’s parent company, Tapestry, faced off with the FTC to prove its $8 billion acquisition of Michael Kors’ owner Capri isn’t anti-competitive.
Retail
French Brand Sessùn Sells Majority Stake to Italian Fund, Eyeing International Expansion
Italian private equity Quadrivio acquired a majority stake from Experienced Capital and the brand’s founder. With growth outside France in focus, investing in brand awareness takes centre stage.
French Brand Sessùn Sells Majority Stake to Italian Fund, Eyeing International Expansion
Italian private equity Quadrivio acquired a majority stake from Experienced Capital and the brand’s founder. With growth outside France in focus, investing in brand awareness takes centre stage.
Beauty
How Clarins Is Reformulating Its Hero Product (And Its Business)
The French skincare giant is launching the ninth generation of its flagship Double Serum line, while achieving record financial results.
How Clarins Is Reformulating Its Hero Product (And Its Business)
The French skincare giant is launching the ninth generation of its flagship Double Serum line, while achieving record financial results.
Beauty
Summer Fridays Announces Growth Investment From TSG Consumer Partners
The influencer-founded beauty brand, known for its hybrid skincare and makeup products, will join private equity firm TSG’s brand roster.
Summer Fridays Announces Growth Investment From TSG Consumer Partners
The influencer-founded beauty brand, known for its hybrid skincare and makeup products, will join private equity firm TSG’s brand roster.
Beauty
Vennette Ho on the Future of Beauty M&A | The BoF Podcast
At The Business of Beauty Global Forum, Vennette Ho of Financo Raymond James and BoF founder and editor-in-chief Imran Amed discuss the changing landscape of dealmaking in the beauty industry.
Vennette Ho on the Future of Beauty M&A | The BoF Podcast
At The Business of Beauty Global Forum, Vennette Ho of Financo Raymond James and BoF founder and editor-in-chief Imran Amed discuss the changing landscape of dealmaking in the beauty industry.
Retail
Is It Time for Supreme to Sell Out?
Supreme’s adherence to its business model of drops and scarcity might now be constraining its growth rather than driving it. It might be the moment for the streetwear pioneer to give in and go fully mass-market.
Is It Time for Supreme to Sell Out?
Supreme’s adherence to its business model of drops and scarcity might now be constraining its growth rather than driving it. It might be the moment for the streetwear pioneer to give in and go fully mass-market.
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.