Walmart, the biggest shareholder of Chinese e-commerce firm JD.com, has sold its entire stake, according to a person familiar with the matter, exiting an eight-year …
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Inside Latin America’s $90 Billion E-tailer Mercado Libre
Competition in the Latin American e-commerce market is heating up, with both local players and Asian heavyweights making inroads in a region dominated by one …
Luxury Heir Alleges His $13 Billion Hermès Fortune Has Vanished
An octogenarian heir to the Hermès luxury fortune, who sparked controversy last year over a plan to leave his money to his gardener, may not …
LVMH’s L Catterton Buys Malls Stake in £1.5 Billion Deal
L Catterton, the private equity firm backed by French luxury fashion house LVMH Moet Hennessy Louis Vuitton SE, has agreed to buy Hammerson Plc’s stake …
Amazon Prime Day Drives US Online Sales up 11% to $14.2 Billion
US shoppers spent $14.2 billion online during Amazon’s 48-hour Prime Day sale, up 11 percent from a year ago and in line with estimates, according …
EssilorLuxottica to Buy Supreme for $1.5 Billion
Italian eyewear group EssilorLuxottica has reached a definitive agreement for the purchase of streetwear juggernaut Supreme for $1.5 billion in cash, the company said in …
Amazon Prime Day Sales to Hit Record $14 Billion
Shoppers are likely to spend roughly $14 billion during Amazon’s Prime Day two-day shopping event this week, according to projections from Adobe Analytics, a firm …
Arkhouse, Brigade Capital raise buyout offer for Macy’s to $6.9 billion, WSJ reports
Shares of the department store chain were up 1.1% in after-market trading. The new proposal is to acquire Macy’s stock that Arkhouse and Brigade Capital …
Chanel’s Big Dividend Brings Owners’ Windfall to $12 Billion
The billionaire family behind Chanel will have pocketed $12.4 billion in payouts from the luxury brand’s earnings over the past three years, contributing to a …
HanesBrands to Sell Champion to Authentic Brands in $1.2 Billion Deal
HanesBrands said on Wednesday it would sell its sportswear brand Champion to Authentic Brands Group in a deal valued at $1.2 billion, as the company …
Op-Ed | Is Golden Goose Worth $3 Billion?
Golden Goose Group SpA is seeking to list in Milan in an initial public offering that could value the maker of $500 distressed sneakers at …
E.l.f. Beauty Surpasses $1 Billion in Annual Sales
After 21 consecutive quarters of growth, E.l.f. Beauty has finally hit the $1 billion mark in annual sales. In its fiscal fourth-quarter earnings released Thursday, …
Chanel Defies Luxury Slowdown As Annual Sales Surge to $20 Billion
Chanel’s revenues rose 16 percent excluding currency shifts to $19.7 billion in 2023, the French luxury house said Tuesday. Price increases drove up sales by …
Walgreens Contacts Potential Buyers for £7 Billion Boots Drugstore Chain
Walgreens Boots Alliance Inc. is reaching out to potential buyers of the £7 billion ($8.8 billion) Boots drugstore chain in the UK, according to people …
Neutrogena Lost Dermatologists and Missed Out on the $42 Billion Beauty Boom
For one executive, the clearest sign that Neutrogena had lost its way came when their daughter started buying CeraVe facewash and moisturiser. The family had …
Rabanne Owner Puig Rises in Spanish Debut After €2.6 Billion IPO
The stock opened up 4.1% at €25.50 from the IPO price of €24.50. The Barcelona-based firm and its shareholders sold 106.5 million shares at the …
Rabanne Owner Puig, Shareholders Raise €2.6 Billion in IPO
Spanish beauty and fragrance group Puig Brands SA and its founding family raised €2.6 billion ($2.8 billion), pricing shares at the top end of the …
L’Occitane’s Billionaire Owner Close to Possible $7 Billion Buyout Bid
The billionaire owner of L’Occitane International is close to making a proposal to take the French skincare firm private as early as Monday in a …
Galderma Sales Top $1 Billion, Led by Injectables
Galderma, the Swiss cosmetic skincare and medical company, reported net sales growth of 12.4 percent to $1 billion in its first-quarter results announced today. Known …
US Sues to Block $8.5 Billion Union of Coach, Michael Kors
The US Federal Trade Commission sued to stop Tapestry Inc.’s $8.5 billion takeover of rival Capri Holdings Ltd., marking the first time the Biden administration …