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. …
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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, …
Report: Shein Set to Raise $2 Billion, Eyes Us IPO Later This Year
Chinese online fashion retailer Shein is set to raise around $2 billion in a new funding round this month and is aiming for a US …
Anta Sinks as $1.2 Billion Stake Pops Up in Clearing System
Anta Sports Products Ltd. sank by the most in almost four months Wednesday after the entry of a sizeable stake in Hong Kong’s clearing system …
Unsold Yeezy Stock Could Mean $1.29 Billion Revenue Hit, Says Adidas
Adidas said on Thursday its revenue grew by 1 percent in currency-neutral terms in 2022, lagging its forecasts, and flagged that it expects a high …
Tod’s 2022 Sales Top 1 Billion Euros
The Italian luxury group’s revenue was up 13.9 percent from 2021, and 10 percent from 2019 pre-pandemic levels, reaching just over €1 billion ($1.09 billion). …
Report: Fashion Retailer Shein in Talks to Raise Funds at Lower Valuation of $64 Billion
Chinese fashion retailer Shein is in talks to raise up to $3 billion at a reduced valuation of $64 billion, the Financial Times reported on …
Estée Lauder Acquires Tom Ford in $2.8 Billion Deal; Designer May Exit at End of 2023
After months of speculation, Estée Lauder Cos. announced Tuesday that it has agreed to buy the Tom Ford brand in a $2.8 billion deal. The …
Estée Lauder to Buy Tom Ford in $2.8 Billion Deal
New York-based Estée Lauder Cos. has agreed to buy Tom Ford for $2.8 billion, according to a source close to the beauty conglomerate. The completion …
Report: Estée Lauder Nears $2.8 Billion Deal to Buy Tom Ford
Estée Lauder Cos Inc is nearing a deal to buy Tom Ford for about $2.8 billion, including debt, beating out competition from a number of …
The BoF Podcast: Marco Bizzarri on China’s Role in Gucci’s $10 Billion Plan
LONDON, United Kingdom — Marco Bizzarri is nothing if not daring. Gucci’s president and chief executive has overseen blockbuster growth since he took the helm …
The BoF Podcast: Inside H&M’s $4 Billion Inventory Challenge
This article is published in tandem with Inside H&M’s $4 Billion Inventory Challenge, BoF’s latest case study exploring H&M’s long-term strategy to survive and thrive …
How to Tap India’s $15 Billion Diwali Shopping Opportunity
Mohita Aggarwal is planning on wearing a combination of local and international brands for this year’s Diwali season. The 38-year-old homemaker from the northern city …
Lanvin Group Trims Valuation to $1 Billion Ahead of SPAC Listing
Lanvin Group, the fashion company majority owned by China’s Fosun International Ltd., cut its valuation ahead of an expected public listing later this year, citing pressures …
The Debrief | Inside the $7 Billion Dior Phenomenon
Follow The Debrief wherever you listen to podcasts. In 1947, months after being founded, Christian Dior Couture revolutionised dressing with its “New Look,” an exaggerated hourglass-shaped …
South Korea’s Naver Acquires Poshmark for $1.6 Billion
South Korean tech firm Naver Corp said on Tuesday it agreed to a $1.6 billion deal to buy fashion resale platform Poshmark Inc. as a strategic investment …
Kanye West Says Adidas Offered $1 Billion Buyout From Yeezy Venture
Ye, the musician and designer formerly known as Kanye West, was offered a $1 billion buyout from his Yeezy brand’s venture with Adidas, the artist …
US Demand to Lift India’s Lab-Made Diamond Exports to $8 Billion
India, which cuts or polishes about 90 percent of the diamonds sold in the world, is ramping up sales of laboratory-made gems as demand from …
Biden Signs $430 Billion Climate, Healthcare and Tax Bill
President Joe Biden on Tuesday signed into law a $430 billion bill that is seen as the biggest climate package in US history, designed to …