CVS Health said on Tuesday it would lay off about 2,900 employees, representing less than 1 percent of its workforce, as the healthcare conglomerate aims to …
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Moncler CEO Strengthens Grip on Company With LVMH Deal
Moncler’s Chairman and CEO Remo Ruffini is tightening his control of the outerwear specialist after striking a deal with LVMH, which will take a stake in …
Olaplex Sales Fall, But Company Says Recovery Is on Track
Olaplex showed signs of recovery with strong sales from Sephora and other stores in the second quarter, but those gains didn’t make up for a …
The High Stakes of Manchester City’s C.P. Company Partnership
C.P. Company will become the new fashion partner of eight-time Premier League champions Manchester City for the 2024/25 season onwards, the company told BoF. City …
L’Occitane Revises Privatisation Bid, Offers Equity in New Company
In an exchange filing published on June 17, the company updated its buyout offer, giving shareholders an option between the existing HK $34 ($4.35) per …
Swiss Sneaker Company On Reports Record Quarterly Revenue of $560 Million
On, the Zurich-based running sneaker brand reported net sales of CHF 508.2 million ($560.9 million) for the quarter ended March 31, up 21 percent year-over-year. …
Peloton CEO to Step Down as Company Cuts 15% of Jobs
Peloton Interactive Inc. shares fell to a record low after chief executive officer Barry McCarthy announced plans to step down and the struggling fitness company …
Blackstone Nears Buyout of Skincare Company L’Occitane
L’Occitane International SA’s billionaire owner Reinold Geiger and Blackstone Inc. are nearing a deal to take the skincare company private, people familiar with the matter …
Armani Group Owned Company Put in Receivership Amid Labour Exploitation Probe
An Italian court on Friday placed under judicial administration a company owned by Italian fashion group Armani, accused of indirectly subcontracting its production to Chinese …
What a Fashion Company Is Worth Today
When Milan-based private equity firm Styles Capital announced it acquired the sneaker brand Autry earlier this month, it seemed to signal a reawakening of fashion’s …
Balmain CEO Exits Company | BoF
Jean-Jacques Guevel, chief executive of Balmain, is stepping down “to pursue other interests” after four years leading the Parisian fashion house. Guevel steered Mayhoola-owned Balmain …
Li Ning Considers Taking Company Private, Sources Say
Chinese billionaire entrepreneur and Olympic champion Li Ning is considering taking his namesake sportswear company private from the Hong Kong stock exchange, four people said, …
Shein UK Breaches Company Law by Failing to Disclose Human Owner
The UK business of the fast-fashion company Shein has failed to disclose its ultimate ownership, a breach of company law that could disrupt the firm’s reported …
Todâs CEO Says There Are No Plans to Sell the Company
The founder and CEO of Italian luxury group Todâs, Diego Della Valle, said on Friday his family has no plans to sell the company after …
The Body Shop Staff Fear Company Will Be Broken Up, Risking 2,200 Jobs
Aurelius, the German restructuring specialist which bought The Body Shop last year and has now put it into administration, had previously broken up two other …
TikTok’s Parent Company Enters China’s Perfume Market
ByteDance, the parent company of Tiktok and its Chinese version, Douyin, has launched its own fragrance brand. The Emotif line of perfumes, developed by a …
Blackstone Said to Consider Bid for Skincare Company L’Occitane
Blackstone Inc. is considering a bid for skincare company L’Occitane International SA, according to people familiar with the matter. The private equity firm has been …
L’Oréal Bets on Longevity Biotech Company Timeline
On Tuesday, L’Oréal Groupe’s venture capital arm, BOLD (Business Opportunities for L’Oréal Development), announced an investment in Swiss consumer health company Timeline. Founded in 2007, …
Burberry Plunges as Company Slashes Profit Forecast
Burberry Group Plc slumped after the UK trenchcoat maker slashed its profit forecast due to a drop in sales in the key Christmas quarter. Adjusted …
Kering Backs Biomaterials Company Mogu in $12 Million Funding Round
French luxury group Kering’s venture investment arm has joined Italian biomaterials start-up Mogu’s latest funding round. The €11 million ($12 million) series A was led by …