Authentic Brands Group Inc., parent company of Forever 21 and Reebok, has raised $500 million from growth-equity investor General Atlantic. The transaction values the owner …
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LVMH Emerges as ESG Magnet With $17 Billion Stake
The world’s biggest producer of luxury goods has emerged as a favourite among fund managers marketing themselves as promoters of environmental and social goals. More …
Louis Vuitton Owner Emerges as ESG Magnet With $17 Billion Stake
The world’s biggest producer of luxury goods has emerged as a favourite among fund managers marketing themselves as promoters of environmental and social goals. More …
TikTok Seeks $20 Billion E-Commerce Business Despite US Setback
ByteDance Ltd.’s TikTok aims to more than quadruple the size of its global e-commerce business to as much as $20 billion in merchandise sales this …
Target Sheds $14 Billion in Value on Retail Uncertainty, LGBTQ Backlash
Target Corp. has erased almost $14 billion in market value since it reported earnings last month, and some on Wall Street see more pain ahead …
Luxury Stocks Lose $30 Billion in One Day on Demand Fears
A blistering rally in luxury goods stocks this year powered by international demand, particularly from China, has taken a hit, wiping out more than $30 …
IFF Weighs Sale of $1 Billion Lucas Meyer Cosmetics Unit
International Flavors & Fragrances Inc. is weighing a sale of a unit making ingredients for the cosmetics and personal care industry, people with knowledge of …
Report: Shein Raises $2 Billion at a Lower Valuation
The latest funding round for the Chinese fast fashion behemoth, now based in Singapore, values the company at $66 billion, according to a report in …
JD Sports’ Profit to Top £1 Billion This Year
JD Sports Fashion said on Wednesday it expected profit to exceed £1 billion ($1.3 billion) for the first time this year as its offer of …
Uniqlo’s $50 Billion Brand Puzzle
TOKYO — The view from the 33rd floor of the Tokyo Midtown tower, home to Uniqlo’s global headquarters, is almost as ‘mega’ as the ambitions …
Hermès Opens New Leather Goods Workshop as Sales Approach $15 Billion
CHARLEVILLE MEZIÈRES, France – Hermès opened its twenty-second French leather goods workshop Friday in the Ardennes region bordering Belgium. The 5,700 square-metre facility is set to …
Prada’s Q1 Revenues Jump 22 Percent, Surpassing €1 Billion
Prada reported a strong rebound in Asia and shook off fears of a US slowdown. Share This Article
LVMH’s Market Value Exceeds $500 Billion, a First in Europe
LVMH’s market value surpassed $500 billion, becoming the first European company to reach that milestone, thanks to booming sales of luxury goods in China and …
Lacoste Bets on New Store Concept to Propel Sales to €4 Billion
LONDON — To drive its next chapter of growth, Lacoste is betting on bigger and better retail stores. This week, the French heritage brand, best …
Luxury Fortunes Jump $93 Billion on Demand Boom for Hermès, Dior
A global shopping splurge on luxury goods and beauty products is making some of the world’s richest people even richer. Francoise Bettencourt Meyers, 69, the …
LVMH Raises €1 Billion in Oversubscribed Bond Sale
Investors piled in for LVMH’s first debt sale in three years, as the luxury goods maker seized on stellar quarterly results as well as calmer …
Why L’Oréal Paid $2.5 Billion for Aesop
Aesop pulled off the difficult trick of portraying itself as a luxury brand for everyone, and that turns out to be worth quite a lot. …
Bernard Arnault’s Fortune Soars Past $200 Billion for First Time
Bernard Arnault’s net worth exceeded $200 billion for the first time, making him just the third person ever to reach such heights of personal wealth. …
Revlon Cleared to Exit Bankruptcy With $2.7 Billion on Debt Reduction Deal
A US judge on Monday approved Revlon Inc’s reorganization plan, allowing the cosmetics maker to cut $2.7 billion from its debt and exit bankruptcy later …
On Returns to Profit, Surpasses $1 Billion in Revenue
The fast-growing Swiss running footwear company reported net income of CHF 57.7 million ($62.4 million), up from a loss of CHF 170.2 million in 2021, …