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.
private-equity
Financial Markets
Aeropostale Will Explore Strategic Alternatives as Losses Deepen
Aeropostale Inc., the teen-apparel chain working to turn around its falling sales, plans to review strategic alternatives for the business after reporting a wider fourth-quarter loss.
Aeropostale Will Explore Strategic Alternatives as Losses Deepen
Aeropostale Inc., the teen-apparel chain working to turn around its falling sales, plans to review strategic alternatives for the business after reporting a wider fourth-quarter loss.
Financial Markets
Einhorn Buys Macy’s Stake Saying It Could Be a Takeover Target
Greenlight Capital, the hedge fund firm led by David Einhorn, said it made a new investment in retailer Macy’s Inc. in the fourth quarter, to "unlock the value" of its land and buildings.
Einhorn Buys Macy’s Stake Saying It Could Be a Takeover Target
Greenlight Capital, the hedge fund firm led by David Einhorn, said it made a new investment in retailer Macy’s Inc. in the fourth quarter, to "unlock the value" of its land and buildings.
Financial Markets
American Apparel Gets $300 Million Bid From Team Backing Charney
American Apparel Inc. received a $300 million takeover bid from an investor group that would bring back controversial founder Dov Charney to the bankrupt clothing chain.
American Apparel Gets $300 Million Bid From Team Backing Charney
American Apparel Inc. received a $300 million takeover bid from an investor group that would bring back controversial founder Dov Charney to the bankrupt clothing chain.
Luxury
LVMH to Combine Private Equity Unit L Capital With Catterton
LVMH Moet Hennessy Louis Vuitton SE is combining its private equity and real estate investment units with consumer-focused private equity firm Catterton.
LVMH to Combine Private Equity Unit L Capital With Catterton
LVMH Moet Hennessy Louis Vuitton SE is combining its private equity and real estate investment units with consumer-focused private equity firm Catterton.
China
Apax Partners Said Planning to Sell Hilfiger China Stake to PVH
Apax Partners, one of Europe’s largest private equity firms, plans to sell its stake in Tommy Hilfiger’s China operations to joint-venture partner PVH Corp., people with knowledge of the matter said.
Apax Partners Said Planning to Sell Hilfiger China Stake to PVH
Apax Partners, one of Europe’s largest private equity firms, plans to sell its stake in Tommy Hilfiger’s China operations to joint-venture partner PVH Corp., people with knowledge of the matter said.
Financial Markets
Avon Shares Rise on Report That Makeup Company Will Sell Stake
Avon Products Inc. shares rose on a report that the cosmetics company is in talks to sell a stake to private-equity firms.
Avon Shares Rise on Report That Makeup Company Will Sell Stake
Avon Products Inc. shares rose on a report that the cosmetics company is in talks to sell a stake to private-equity firms.
News & Analysis
The Deal-Making Women Driving Private Equity in Fashion
TSG Consumer Partners has made its name by successfully investing in consumer brands, an area in which women — who control 80 percent of household purchases — are the ultimate deciders.
The Deal-Making Women Driving Private Equity in Fashion
TSG Consumer Partners has made its name by successfully investing in consumer brands, an area in which women — who control 80 percent of household purchases — are the ultimate deciders.
Technology
EBay Nearing Deal to Sell Enterprise Unit for about $900 Million
E-commerce company eBay Inc is nearing a deal to sell its enterprise business to a consortium led by private equity firm Permira for about $900 million, according to sources familiar with the matter.
EBay Nearing Deal to Sell Enterprise Unit for about $900 Million
E-commerce company eBay Inc is nearing a deal to sell its enterprise business to a consortium led by private equity firm Permira for about $900 million, according to sources familiar with the matter.
Technology
Thomas H. Lee in the Lead to Buy eBay's Enterprise Unit
Private equity firm Thomas H. Lee Partners LP is in advanced talks to acquire the enterprise business of eBay Inc for close to $1 billion, according to people familiar with the matter.
Thomas H. Lee in the Lead to Buy eBay's Enterprise Unit
Private equity firm Thomas H. Lee Partners LP is in advanced talks to acquire the enterprise business of eBay Inc for close to $1 billion, according to people familiar with the matter.
Financial Markets
Hugo Boss $2.7 Billion Return is the Biggest for Permira
Fashion retailer Hugo Boss, an investment emblematic of the difficulties facing its private-equity owner Permira Advisers during the financial crisis, proved to be one of the company’s biggest winners of recent years.
Hugo Boss $2.7 Billion Return is the Biggest for Permira
Fashion retailer Hugo Boss, an investment emblematic of the difficulties facing its private-equity owner Permira Advisers during the financial crisis, proved to be one of the company’s biggest winners of recent years.
Retail
American Apparel Said to Draw Bid From Firm Working With Ex-CEO
American Apparel Inc. founder Dov Charney, who was fired by the company this week, is working with private- equity firm Irving Place Capital on a bid to acquire the retailer.
American Apparel Said to Draw Bid From Firm Working With Ex-CEO
American Apparel Inc. founder Dov Charney, who was fired by the company this week, is working with private- equity firm Irving Place Capital on a bid to acquire the retailer.
News & Analysis
Smythson Said to Attract Private Equity Interest for 2015 Sale
Frank Smythson Ltd., the closely held luxury leather goods group that employs the U.K. Prime Minister’s wife as a consultant, has drawn interest from private-equity firms about a possible sale.
Smythson Said to Attract Private Equity Interest for 2015 Sale
Frank Smythson Ltd., the closely held luxury leather goods group that employs the U.K. Prime Minister’s wife as a consultant, has drawn interest from private-equity firms about a possible sale.
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.