Prada will become the new owners of the Versace brand, under a €1.25 billion (A$2.2 billion) deal. Versace has recently struggled both financially and in …
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Korean Fashion Retailer Musinsa Seeking $6.8 Billion Valuation With IPO
KKR & Co.-backed South Korean fashion retailer Musinsa Co. has picked Citigroup Inc. and JPMorgan Chase & Co. to work on an initial public offering …
AI Helps Drive Record $11.8 Billion in Black Friday Online Spending
AI-powered shopping tools helped drive a surge in US online spending on Black Friday, as shoppers bypassed crowded stores and turned to chatbots to compare …
Is Skims Really Worth $5 Billion?
From its Nike partnership to tacking on an extra $1 billion to its valuation this week, Kim Kardashian’s Skims keeps collecting milestones. Each one raises …
L’Oréal Selling €3 Billion of Bonds for Kering Beauté Deal
L’Oréal SA is selling up to €3 billion ($3.47 billion) of bonds in a three-part deal to help finance its acquisition of Kering Beauté. The …
Skims Secures $5 Billion Valuation
Skims is now valued at $5 billion after announcing Wednesday that it secured a $225 million in a funding round. The brand, which was founded …
Lauder Heir’s Family Seeks $1 Billion in Share Sale
The family of Estée Lauder Companies Inc. heir Leonard Lauder is seeking to raise about $1 billion in a sale of shares in the beauty …
Kimberly-Clark to Buy Tylenol Owner Kenvue in $40 Billion Deal
Kimberly-Clark Corp. agreed to buy Kenvue Inc. in a cash and stock deal that values the consumer-health company that owns brands like Tylenol at about …
Novo Nordisk Offers $9 Billion Unsolicited Bid for Obesity Drug Maker Metsera
Novo Nordisk has launched a surprise $9bn (£6.9bn) offer for the US obesity-focused biotech firm Metsera that could gazump an existing bid from Pfizer as …
Whatnot Secures $11.5 Billion Valuation
Live shopping startup Whatnot on Tuesday announced it raised $225 million in a Series F funding round, valuing the company at $11.5 billion. The round …
Arnault Tightens His LVMH Control With $1.6 Billion Buying Spree
French billionaire Bernard Arnault has long sought to tighten his control over LVMH, the luxury conglomerate he founded almost four decades ago. This year, his …
Exclusive: Influencer Platform ShopMy Nabs $1.5 Billion Valuation
Investors are betting there is serious money in helping influencers make serious money. ShopMy, which runs a platform that helps creators monetise their followings with …
L’Oréal to Acquire Kering Beauty Portfolio for $4.6 Billion
L’Oréal will take over Kering’s beauty portfolio, including the prestige fragrance maker Creed it acquired in 2023 for a rumoured $2 billion, and the rights …
Kering Plans to Sell $4 Billion Beauty Division to L’Oréal
French luxury group Kering is in advanced talks to sell its beauty division to beauty group L’Oréal for about $4 billion, the Wall Street Journal …
Billion Dollar Beauty Files Trademark Suit Against Anastasia Beverly Hills
Founder and CEO Anastasia Soare’s book, “Raising Brows: My Story of Building a Billion-Dollar Beauty Empire” intentionally violates Petunia Products Inc.’s trademarks, “Raising Brows,” “Billion …
Amazon to Pay $2.5 Billion to Settle FTC Lawsuit Over Prime ‘Subscription Traps’
Amazon has agreed to pay $2.5 billion in fines and redress to Prime subscribers to settle a lawsuit by the US Federal Trade Commission (FTC), …
Trump Signs TikTok Order With US App Valued at $14 Billion
President Donald Trump advanced plans for American investors to buy TikTok’s US operations from its Chinese owner ByteDance Ltd., with officials setting a potential value …
Report: Saks Global to Sell $1 Billion Stake in Bergdorf Goodman
Saks Global is looking to offload a 49 percent stake in New York City luxury department store Bergdorf Goodman, The Wall Street Journal reported Sunday, …
Giorgio Armani’s will reveals most unexpected twist in his $12 billion fashion empire
Giorgio Armani, the maestro who redefined luxury with sleek tailoring and timeless elegance, left the world earlier this month at the age of 91. But …
Coach Parent Tapestry Expects to Offset Tariff Costs by 2028, Plans $3 Billion Buyback
Tapestry expects to fully mitigate the impact of current US tariffs by fiscal year 2028, executives said at its investor day on Wednesday, as the …