Puig, the family-owned Spanish beauty conglomerate, announced plans for an initial public offering on the stock exchanges in Barcelona, Madrid, Bilbao and Valencia. The company …
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Kering Splashes Out €1.3 Billion for Building on Milan’s Iconic Shopping Street
Gucci owner Kering SA is spending €1.3 billion ($1.41 billion) for a property on Milan’s toniest shopping street. The French luxury group said Thursday that …
L’Oréal Eyes Stake in €3 Billion Perfume Brand Amouage
L’Oréal SA is considering a potential investment in Omani luxury fragrance company Amouage, according to people familiar with the matter. The French beauty group has …
Saks Fifth Avenue Flagship Appraised at $3.6 Billion as It Renews Neiman Push
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, …
Visa, Mastercard Reach $30 Billion Deal With US Retailers
Visa Inc. and Mastercard Inc. agreed to cap credit-card swipe fees — a deal that US merchants say will save them at least $30 billion …
Mercado Libre to Increase Investments in Brazil to $4.6 Billion in 2024
Latin American e-commerce giant Mercado Libre said on Tuesday it plans to invest a record 23 billion reais ($4.6 billion) in 2024 in Brazil, its …
Next Expects £1 Billion Profit From Higher-Spending Shoppers
Next Plc expects profit to expand to nearly £1 billion ($1.3 billion) this year as rising wages free up British shoppers to spend more on …
Selena Gomez Weighs Sale of Cosmetics Brand Valued at $2 Billion
Actress and singer Selena Gomez has hired advisers to weigh offers for her cosmetics company, Rare Beauty, according to people familiar with the matter. Rare …
Mango’s US Expansion Helps Sales Top $3 Billion in 2023
Spanish fashion retailer Mango reported on Monday record sales of €3.1 billion ($3.39 billion) in 2023, beating its forecast after matching domestic rival Zara’s strong …
EQT’s Galderma Seeks to Raise $2.3 Billion in Swiss Listing
Skincare business Galderma Group AG is looking to raise about $2.3 billion in what’s expected to be one of the largest listings in Europe this …
Puig Sales Rose 19% to €4.3 billion in 2023
The Spanish conglomerate is on track to hit its goal of €4.5 billion in annual sales by 2025 ahead of schedule. Puig, announced record 2023 …
Macy’s Surges After Investor Group Sweetens Take-Private Bid to $6.6 Billion
Macy’s shares jumped 16 percent before the bell on Monday after investors Arkhouse Management and Brigade Capital sweetened their take-private bid over the weekend, valuing …
CVC-Owned Beauty Chain Douglas Seeks $1.2 Billion in Listing
Douglas, a well-known chain on European shopping streets, plans to raise about €800 million by selling new shares in the IPO and another €300 million …
Activist Investors Raise Macy’s Buyout Bid to $6.6 Billion
Arkhouse Management, a real-estate-focused investing firm said on Sunday it and Brigade Capital Management have raised their offer for Macy’s after the department store chain …
Everlane Still Wants to Be a $1 Billion Brand. Is That Even Possible?
A year ago, Everlane seemed like just another casualty of the direct-to-consumer downturn. Like Allbirds, Parade and other troubled fashion start-ups, the basics brand was …
Hermès Plans 8% Price Hike as Annual Sales Top $14 Billion
PARIS — Hermès reported another year of chart-topping growth, with annual sales rising 21 percent to €13.4 billion ($14.4 billion). Fourth-quarter sales rose 18 percent, beating …
Adidas Plans More Yeezy Sales After €1 Billion Currency Hit
Adidas AG said its profit this year will be hit by unfavourable currency movements, but it plans to mitigate some of the damage by continuing …
Givaudan Sales Surge to $8 Billion, Led by Fine Fragrance
Growth was especially seen in its fragrance and beauty division, where sales grew 7.6 percent to CHF 3.3 billion ($3.8 billion). Fine fragrances were up …
Macy’s Rejects Arkhouse’s $5.8 Billion Bid, Citing Financing Concerns
Macy’s said on Sunday it had rejected Arkhouse Management and partner Brigade Capital Management’s $5.8 billion proposal to take the department store operator private, citing …
Amer Sports to Weigh Raising Up to $1.8 Billion in US IPO, Sources Say
Amer Sports Inc., the maker of Wilson tennis rackets and Salomon ski boots, is seeking to raise as much as $1.8 billion in a US …