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 …
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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 …
Klarna, Backers Seek $1.27 Billion in IPO After Tariff Pause
Klarna Group Plc and some of its shareholders are seeking to raise as much as $1.27 billion as the financial-technology company revives a New York …
Report: Canada Goose Receives Take-Private Bids at $1.4 Billion Valuation
Canada Goose’s controlling shareholder Bain Capital has received bids to take the luxury goods maker private at a valuation of about $1.4 billion, CNBC reported …
Guess Will Go Private in $1.4 Billion Deal With Authentic Brands
Guess? Inc. will be taken private by Authentic Brands Group LLC in partnership with co-founders Maurice and Paul Marciano and chief executive officer Carlos Alberini. …
Soho House to Go Private in $2.7 Billion Deal, Ashton Kutcher to Join Board
Soho House is going private in a $2.7 billion deal led by New York-based MCR Hotels, capping a turbulent market run and financial struggles that …
Gildan to Buy Underwear Maker Hanesbrands for $2.2 Billion
Gildan Activewear Inc. agreed to buy US underwear maker Hanesbrands Inc. — aiming to double its annual sales — for about $2.2 billion in cash …
Shein Revenue Neared $10 Billion in Quarter Before Tariffs
Shein Group Ltd.’s net income rose to over $400 million and revenue was almost $10 billion in the first quarter as consumers snapped up the …
Hermès Believes Heir No Longer Holds Shares Worth €14 Billion
The enigma surrounding Hermès shares worth about €14 billion ($16.2 billion) inherited by a member of the luxury goods company’s controlling family is finally seeing …
Ozempic Maker Novo Nordisk’s Market Value Drops $93 Billion
Novo Nordisk named its head of international operations as chief executive officer after slumping weight-loss drug sales led to a profit warning that wiped $93 …
DTC Brand Quince Valued at Over $4.5 Billion
Quince, the affordable luxury brand that’s gone viral on Instagram and TikTok, is raising about $200 million in a new funding round that values the …
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. …