Rare Beauty is exploring growth options to sell the brand or hold an initial public offering, The Business of Beauty has learned, setting up what …
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CVC’s Beauty Chain Douglas Sets Terms for $991 Million IPO
German perfume retailer Douglas aims to sell as much as €907 million ($991 million) of stock in its initial public offering, as owner CVC Capital …
Carlyle Launches Sale of Japanese Cosmetics Supplier Tokiwa in $800 Million Deal, Sources Say
Private equity firm Carlyle Group has begun the sale process of Japanese cosmetics supplier Tokiwa Corp in a deal that could value the company at …
Investment in Next-Gen Materials Rebounded to $500 Million in 2023
Start-ups developing new sustainable materials like plant-based or lab-grown leathers, silks and furs raised $500 million in 2023, up nearly 10 percent from a year …
Famille C Participations Invests €130 Million in Luxury Hotelier
Famille C Participations, the investment company owned by the Courtin family, announced on Tuesday that it has made a €130 million ($141 million) investment to …
BuzzFeed Sells Complex for $108.6 Million
Less than two years after BuzzFeed acquired Complex, the streetwear-focussed media and events company, itâs being sold again. This time, itâs to Ntwrk, a company …
Pangaia’s Net Losses Surpassed $50 Million in 2022
Pangaia, once one of fashion’s hottest start-ups, saw its net loss mount to $50.4 million in 2022, according to public filings. Sales at the company, …
Revolution Beauty Agrees $3.6 Million Settlement With Co-Founder Minto
Revolution Beauty said on Monday that co-founder and former CEO Adam Minto would pay £2.9 million ($3.66 million) as part of a settlement deal to resolve …
Hair and Scalp Line Jupiter Secures $3 Million Funding Round
Funding was previously raised in a 2019 pre-launch round, with additional rounds in 2021 and 2022. Founded in 2020 by Robbie Salter and Ross Goodhart, …
Ultra Violette Secures AUD $15 Million Investment From Aria Growth Partners
This marks the first time the Australian sun care brand has sought outside investment, since its launch in 2019. The investment is in partnership with …
VF Corp’s Cyber Incident Causes Data Breach of 35.5 Million Consumers
Vans sneaker maker VF Corp said on Thursday the cyber incident that hit the company in December led to a breach of personal data of …
Zara Founder Ortega Buys Dutch Warehouse Leased to Primark for $110 Million
Spanish billionaire Amancio Ortega has bought a logistics centre in the Netherlands currently used by rival British fashion retailer Primark for 110 million euros ($121 …
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 …
Launchmetrics Sold to France’s Lectra at $200 Million Valuation
Lectra, a French software and equipment company best known for its leather cutting solutions, will acquire a majority stake in fashion data consultancy Launchmetrics, the …
Thai Beauty Retailer Konvy Secures $11 Million Investment
Robinsons Retail Holdings’ investment arm New Day Ventures, Alibaba International Digital Commerce Group and existing investor Insignia Ventures Partners participated in a second Series A …
Salomon’s XT-6 Sneakers Help ‘Sportstyle’ Division to Sales of $165 Million Through Q3
Salomon Sportstyle — the division responsible for the outdoor brand’s fashion-forward adaptations of its trail running footwear and apparel — generated over $165 million in …
Prada Buys New York Fifth Avenue Store Building for $425 million
Italian fashion house Prada has paid $425 million to buy the building on Fifth Avenue in New York which currently hosts its store, the company …
Rolex Fined $100 Million for Thwarting Online Watch Sales
Rolex was fined about $100 million by France’s antitrust agency for pursuing an illegal decade-long crackdown on distributors selling the Swiss firm’s luxury watches online. …
Worldview: Li Ning Plunges on $282 Million HK Property Bet
🇨🇳 Li Ning plunges on $282 million HK property bet. Li Ning Co Ltd. shares plunged as investors disapproved of plans to buy a commercial …
Gulf Luxury Recommerce Market to Hit $780 Million by 2026, Chalhoub Group Forecasts
The luxury re-commerce market in the Gulf region is expected to hit a value as high as $780 million by 2026, up nearly 60 percent …