Prada Group has agreed to acquire Versace from Capri Holdings for €1.25 billion ($1.38 billion), the companies said in a statement Thursday. Prada is borrowing …
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Op-Ed | The End of the $1 Billion Fashion Brand
NEW YORK, United States — There will never be another start-up fashion brand that will reach $1 billion in revenue. In fact, it is very …
Goldman Sachs to Lead €2.5 Billion Financing for Prada-Versace Deal
A pool of banks led by Goldman Sachs is ready to give Prada a €2.5 billion ($2.77 billion) financing line to help the Italian fashion …
Op-Ed | Next Can Break the £1 Billion UK Profit Curse
Simon Wolfson, chief executive officer of Next Plc, on Thursday announced pretax profit of £1 billion ($1.3 billion) for the first time in the retailer’s …
PepsiCo to Acquire Prebiotic Soda Brand Poppi for $1.95 Billion
PepsiCo said on Monday it would buy prebiotic soda brand Poppi for $1.95 billion, expanding in the “healthier soda” category at a time when the …
Zara Billionaire Takes €3 Billion in Dividends for First Time
Amancio Ortega is set to receive €3.1 billion ($3.4 billion) in dividends this year from Inditex SA, the retail giant he founded more than six …
Canada to Announce C$29.8 Billion in Retaliatory Tariffs on US, Official Says
Canada will announce C$29.8 billion in retaliatory tariffs on the United States on Wednesday in response to US President Donald Trump’s steel and aluminium tariffs, …
Walgreens Boots Alliance to Be Taken Private in $10 Billion Deal
Walgreens Boots Alliance will be taken private by Sycamore Partners for $10 billion, the firms said on Thursday, closing out nearly a century of trading …
Prada Said to Move Closer to Versace Deal for Up to €1.5 Billion
Prada SpA is moving closer to a deal to buy Versace from Capri Holdings Ltd. after agreeing to a price of nearly €1.5 billion ($1.6 …
L’Oréal Sells €3 Billion of Sanofi Stock Back to Drugmaker
Cosmetics giant L’Oréal SA is selling a €3 billion ($3.1 billion) stake in Sanofi back to the French drugmaker, cashing in part of its holding …
Richemont’s Market Cap Surpasses CHF100 Billion
Swiss luxury conglomerate Richemont’s stock market value surpassed 100 billion Swiss francs ($110 billion) for the first time, bolstered by the appeal of its blockbuster …
Ikea Retailer to Invest $1 Billion in Recycling Firms
The investment arm of Ingka Group, the biggest global IKEA retailer, said it will invest €1 billion ($1.03 billion) into recycling companies as it aims …
TikTok Shop Rival Whatnot Raises Funds at $5 Billion Valuation
Whatnot Inc., a livestream shopping platform that competes with TikTok Shop, raised $265 million at a valuation of $4.97 billion in a funding round led …
New Balance’s $10 Billion Plan
Opens in new window When thinking about challenger brands in the sneaker market, New Balance might not be the first name that comes to mind. …
Holiday Online Sales Hit a Record $241 Billion in US, Adobe Says
US e-commerce spending rose 9 percent to a record $241 billion over the holiday period, sparked by widespread discounts, according to data from Adobe. More …
New Balance’s $10 Billion Plan
Opens in new window When thinking about challenger brands in the sneaker market, New Balance might not be the first name that comes to mind. …
Nordstrom Goes Private in $6.25 Billion Deal
The Nordstrom family has finally taken their namesake department store chain private after its board of directors unanimously approved the transaction, the company announced Monday …
Zalando to Buy German E-Commerce Player About You for $1.3 Billion
Zalando SE, the German online fashion retailer, agreed to buy rival About You Holding SE for around €1.2 billion ($1.3 billion), in a bid to …
Neiman Marcus Said To Raise Bond Issuance to $2.2 Billion Amid Strong Investor Demand
A $2.2 billion junk bond deal financing the acquisition of luxury retailer Neiman Marcus Group by the owner of Saks Fifth Avenue Inc. saw strong …
Crocs to Buy Footwear Brand HeyDude for $2.5 Billion
Crocs Inc said on Thursday it would buy privately owned footwear label Heydude for $2.5 billion in a cash-and-stock deal, as the rubber clogs maker …