Private equity firm L Catterton and a group of employees of Birkenstock Holding Plc raised $756 million on Wednesday from the sale of a block …
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Why Influencers Want You in Their Group Chats
More and more influencers are sliding into their followers’ DMs. They’re doing so via Instagram’s broadcast channel feature, which was first introduced in February 2023, …
LVMH Said to Shake Up Fashion Group Leadership
PARIS — Former Louis Vuitton chief executive Michael Burke is stepping back from his role overseeing LVMH’s Fashion Group — at least in its existing …
Roksanda Sells to The Brand Group
London-based luxury womenswear designer Roksanda Ilinčić has sold her namesake label to The Brand Group, the company said Wednesday. Citing “recent volatile market conditions,” Roksanda …
Prada Heir Says Italian Luxury Group Is Open to Doing More M&A
Prada is prepared to evaluate acquisitions as candidates arise in the luxury sector, according to Lorenzo Bertelli, heir to the Italian billionaire family. “We have …
Op-Ed: Should a Luxury Group Buy De Beers?
A diamond is forever. But perhaps not for De Beers’ owner Anglo American Plc. Facing a $39 billion bid from mining giant BHP Group Ltd, …
Op-Ed: Should a Luxury Group Buy De Beers?
A diamond is forever. But perhaps not for De Beers’ owner Anglo American Plc. Facing a $39 billion bid from mining giant BHP Group Ltd, the …
The Prada Exception: How the Trend-Setting Group Bucked Luxury’s Uneven Slowdown
Call it the Prada Exception. So far, the luxury slowdown has followed a pattern: Stalwarts of top-end, logo-free fashion like Hermès, Zegna and Brunello Cucinelli …
Miu Miu Sales Jump 89 Percent, Boosting Prada Group
Miu Miu’s boom continued in the first quarter with retail sales rising 89 percent, owner Prada Group said Wednesday. Its flagship Prada brand grew more …
Perfume Group Puig, Backers to Raise €2.6 Billion in Madrid IPO
Puig Brands SA kicked off its €2.6 billion ($2.8 billion) initial public offering, the largest in Europe so far this year, as the Spanish fragrance …
Lagardère Group Launches Egyptian Edition of Elle Magazine
The French publisher has appointed Tunis-based firm Nissa Editions Group as the local licensing partner and Cairo-based fashion media veteran Susan Sabet as both managing …
Luxury Group Zegna Posts 19.3% Jump in FY Organic Sales
Italy’s Ermenegildo Zegna posted a 19.3 percent increase in full-year organic revenue on Friday and proposed a 20 percent hike in its annual dividend, helped by …
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 …
Power Moves | Tapestry Appoints CFO, LVMH Fashion Group Has a New Deputy CEO
Tapestry appoints Scott A. Roe CFO and head of strategy. The longtime VF Corp. executive will lead financial functions as well as the strategy and …
Frasers Group to Shutter Matchesfashion
Frasers Group is putting Matchesfashion into administration, just over two months after the retail giant acquired the struggling luxury e-tailer for £52 million ($66.6 million). …
Senior Vuitton Executive to Join Michael Burke at LVMH Fashion Group
A top Louis Vuitton executive is set to join the LVMH fashion group, the division of the luxury conglomerate that houses labels including Celine and …
Macy’s Surges After Investor Group Sweetens Take-Private Bid to $6.6 Billion
Macy’s shares jumped 16 percent before the bell on Monday after investors Arkhouse Management and Brigade Capital sweetened their take-private bid over the weekend, valuing …
Lanvin Group Annual Revenue Flat in 2023
Lanvin Group reported preliminary annual revenue last year that rose by 1 percent to â¬426 million ($461 million) last year, hamstrung by weakness at its …
Margiela and Diesel Fuel Rise in Sales for OTB Group
Despite macroeconomic conditions that challenged players across the luxury industry, sales for Milan-based OTB Group rose 10.2 percent year-over-year to â¬1.9 billion ($2 billion) in …
Climate Group Lodges Greenwashing Complaint Against Lululemon in Canada
Climate advocacy group Stand.earth has lodged a greenwashing complaint against Lululemon with Canada’s Competition Bureau. The organisation said Monday that it has asked the competition …