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 …
Company
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 …
The Vinted phenomenon: how one woman sold her clothes – and created a billion-dollar company | Vintage fashion
When is a jumble sale also a billion-euro tech startup? When it has 500m items for sale and 105 million users. I am in Vilnius, …
Aspen Skiing Company Files Federal Lawsuit Against Luxury Skiwear Label Perfect Moment
Aspen Skiing Company — which has been in business for roughly 75 years, according to the suit — owns four local resorts. It also vends its own …
Etsy Shares Dive After E-Commerce Company Cuts Workforce
Shares of Etsy Inc dropped on Wednesday after the e-commerce platform announced it would slash 11 percent of its workforce as it seeks to cut …
‘I woke up and it was no longer a company’: SmileDirectClub’s closure leaves customers in the lurch | Beauty
Audrey Ganus was running late for her SmileDirectClub appointment on Monday, so she called from the car to let a receptionist know that she might …
L’Oréal Acquires Probiotic Research Company Lactobio
L’Oréal is betting on microbiome skin care with the acquisition of Copenhagen-based probiotic research company Lactobio. The acquisition, announced on Dec. 4, will allow L’Oréal …
Report: Farfetch in Talks to Take Company Private
Farfetch’s chief executive José Neves is reportedly conferring with top shareholders, including Richemont and Alibaba, and JP Morgan about delisting the company, The Telegraph reported …
Burberry Shares Fall 10 Percent As Company Forecasts Lower Full-Year Sales
Burberry will be unable to meet its full-year revenue guidance if softer demand in the global luxury market continues, the British luxury company said Thursday. …