PARIS, France — LVMH is making a $2.6 billion bet that the same consumers who can spend $1,000 on a Louis Vuitton bag will splash out …
Tag
Showing: 1 - 20 of 174 RESULTS
Billion
Gucci Owner Kering in Talks to Sell Stake in $1 Billion Fifth Avenue Property, Sources Say
Gucci owner Kering is in exclusive talks with buyout group Ardian about the sale of a stake in a prestigious Fifth Avenue building it bought …
Hailey Bieber Celebrates rhode’s $1 Billion Sale in Saint Laurent LBD
Hailey Bieber stepped out looking like a billion dollars—literally—after her beauty brand rhode was acquired by e.l.f. for a cool $1 billion just three years …
E.l.f. Acquires Hailey Bieber’s Rhode for $1 Billion
E.l.f announced Wednesday it will acquire Hailey Bieber’s Rhode for $1 billion, in a blockbuster deal that brings Gen-Z’s buzziest brand into the fold of …
OpenAI and Jony Ive Strike $6.5 Billion Deal to Design AI Devices
OpenAI will acquire the AI device startup co-founded by Apple Inc. veteran Jony Ive in a nearly $6.5 billion all-stock deal, joining forces with the …
Dick’s Sporting Goods is Nearing $2.3 Billion Deal for Foot Locker
Dick’s Sporting Goods Inc. is in advanced talks to buy Foot Locker Inc., whose stock had dropped 41 percent this year amid the back-and-forth over …
Saks Bond Suffers $1 Billion Loss Before a Single Payment Is Made
It was supposed to be just what Saks needed to turn things around. By taking over struggling rival Neiman Marcus, the pitch went, the iconic …
L’Oréal Is Selling $1 Billion of Bonds in US Market Debut
L’Oreal SA is selling $1 billion of investment-grade notes on Tuesday — the makeup company’s first time borrowing in the US corporate bond market. The …
Skechers’ $9.4 Billion Blockbuster Buyout, Explained
Brazilian private equity firm 3G’s $9.4 billion acquisition of the sneakers brand Skechers — the second-largest fashion deal ever, after LVMH’s 2020 takeover of Tiffany …
Skechers Will Be Acquired by Investment Firm 3G Capital for $8.2 Billion
Investment firm 3G Capital will acquire footwear maker Skechers USA Inc. for $8.2 billion, the company said in a statement on Monday. The transaction is …
Unilever to Invest $1.5 Billion in Mexico, Including New Factory
Consumer goods company Unilever said on Friday that it will invest $30 billion pesos ($1.5 billion) in Mexico between 2025 and 2028 to increase its …
Hermès Heir ‘Strongly Contests’ Lawsuit Over $16 Billion Fortune
A longstanding mystery surrounding the wealth of an octogenarian heir to the Hermès luxury fortune just got even murkier. In a lawsuit filed last month …
Prada Group to Acquire Versace for €1.25 Billion
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 …
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 …