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 …
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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 …
TikTok Eyes $17.5 Billion Shopping Business on Amazon’s Turf
ByteDance Ltd.’s TikTok aims to grow the size of its US e-commerce business tenfold to as much as $17.5 billion this year, according to people …
L’Oréal Heir Francoise Bettencourt Meyers Becomes First Woman With $100 Billion Fortune
Francoise Bettencourt Meyers became the first woman to amass a $100 billion fortune, marking another milestone for the heiress and for France’s expanding fashion and …
Boots Owner in Talks to Offload £7 Billion UK Pharmacy Chain
Walgreens Boots Alliance Inc. is reviving discussions on a potential exit from its UK drugstore chain Boots, people with knowledge of the matter said, nearly …
Macy’s Investors Mount $5.8 Billion Buyout Bid
An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private, after stiff …
P&G to Record Up to $2.5 Billion in Charges Related to Gillette Business, Restructuring
Procter & Gamble said on Tuesday that it would record up to $2.5 billion in charges over two fiscal years related to writing down the …
Report: JD.com to File for $2 Billion Hong Kong Second Listing
BEIJING, China — Chinese e-commerce giant JD.com Inc. has filed confidentially for a second listing in Hong Kong, according to people with knowledge of the …
Qatar Investment Authority Invests $1 Billion in India’s Reliance Retail Ventures
Qatar’s sovereign wealth fund invested 82.78 billion rupees ($1 billion) into India’s biggest brick-and-mortar retailer as Asia’s richest man Mukesh Ambani looks to rapidly expand …
François-Henri Pinault Nears $7 Billion Deal for CAA
French billionaire Francois-Henri Pinault is close to a $7 billion deal to buy a majority stake in Creative Artists Agency, the Hollywood talent giant that’s …
Alo Yoga Parent Seeks Investment at $10 Billion Valuation
Alo Yoga’s parent company is exploring a potential investment that could value the US maker of celebrity-donned workout clothes at about $10 billion, according to …
Advent Nears $1 Billion Deal for Zimmermann
Private equity firm Advent International is nearing a deal to acquire Zimmermann in a transaction valuing the Australian fashion brand at about $1 billion, people …
Advent Nears $1 Billion Deal for Retail Brand Zimmermann
Private equity firm Advent International is nearing a deal to acquire Zimmermann in a transaction valuing the Australian fashion brand at about $1 billion, people …
This Barbie Has Made $1 Billion at the Box Office
It’s one thing to look like a million bucks, and it’s another to make a billion. On Sunday, August 6, Greta Gergwig’s Barbie officially surpassed …
Birkenstock Owner Plans September IPO at $8 Billion Value
L Catterton is set to launch an initial public offering of Birkenstock as soon as September that may value the iconic footwear maker at more …
L’Occitane Owner Said to Mull Buyout of $4 Billion Beauty Firm
L’Occitane International SA’s controlling shareholder is considering a move to take the skin-care company private, people with knowledge of the matter said. Billionaire Chairman Reinold …
Kim Kardashian’s Skims Reaches $4 Billion Valuation
Skims, the shapewear and intimates brand created by Kim Kardashian, has raised $270 million in a Series C funding round that values it at $4 …
François-Henri Pinault Is in Talks to Buy CAA Talent Agency in $7 Billion Deal
The talent agency, backed by private equity firm TPG, could fetch a valuation of at least $7 billion, said the people, who asked to not …
Report: Kim Kardashian’s Skims Targets $4 Billion Valuation in New Funding Round
Investment firm Wellington Management is in talks to lead a new funding round for Skims, which could value the underwear clothing company owned by Kim …