L Catterton, the private equity firm backed by luxury French fashion house LVMH, is considering strategic options for Birkenstock including an initial public offering, according …
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Louis Vuitton Owner Emerges as ESG Magnet With $17 Billion Stake
The world’s biggest producer of luxury goods has emerged as a favourite among fund managers marketing themselves as promoters of environmental and social goals. More …
Inside Frasers Group Owner Mike Ashley’s Controversial Acquisition Strategy
In British retail, it’s becoming a question of which retailers Mike Ashley doesn’t have a stake in, rather than which ones he does. The billionaire, …
Vans Owner VF Corp. Appoints Bracken Darrell as CEO
Denver-based fashion group VF Corp. has hired Bracken Darrell as chief executive, ending a seven-month search for a successor to former chief executive Steve Rendle, …
Zara Owner Inditex Considers Fund to Back Environmental Startups
Inditex SA, which owns the Zara clothing chain, is considering setting up a vehicle to invest in startups and technologies that it hopes could help …
Can Zara Owner Inditex Hold the Line on Pricing?
Investors will closely watch Zara owner Inditex’s profit margins for any signs of weakness after a stellar series of results confirmed its lead over smaller …
Pinduoduo Owner PDD Moves Headquarters to Ireland From China
PDD Holdings Inc, which owns discount e-commerce platforms Pinduoduo and Temu, has moved its headquarters from China to Ireland, according to recent filings from the …
Bankrupt Morphe Owner Acquired by Lenders for $690 Million
Forma Brands, the bankrupt owner of the Morphe makeup brand, reached an agreement with lenders Jefferies Finance LLC and Cerberus Capital Management to be acquired …
Primark Owner Raises Outlook on Consumer Resilience
Primark owner Associated British Foods on Monday raised its financial guidance for full year 2022-23, saying consumer spending had proven to be more resilient than it …
Matchesfashion Secures £60m Support Package From Owner
Apax Partners, the private equity firm which acquired the luxury retailer in 2017, has agreed to inject £60 million ($74.2 million) into the business, a …
Uniqlo Owner Gives Japan Inc a Jolt With 40 Percent Wage Hike
Uniqlo parent Fast Retailing Co Ltd on Wednesday said it would raise wages by as much as 40 percent in a high-profile sign that Japan’s …
Inditex Profit Jumps as Zara Owner Lifts Prices
Zara owner Inditex posted a 24 percent increase in net profit for the first nine months of its fiscal year, as price rises helped offset …
Primark Owner Sticks to Forecast of Lower Profit in 2022-23
Associated British Foods said trading at its Primark fashion retail business had made an “encouraging” start to the 2022-23 year as it reiterated a forecast …
Parfums de Marly Owner Weighs Sale of Luxury Scent Maker
The owner of Parfums de Marly is weighing a sale of the luxury scent maker, whose products can sell for more than €300 a bottle, …
Patagonia’s billionaire owner gives away company to fight climate crisis | US news
Setting a new example in environmental corporate leadership, the billionaire owner of Patagonia is giving the entire company away to fight the Earth’s climate devastation, …
Zales Owner Sees Steep Decline in Jewelry Priced $500 or Less
The owner of Kay Jewelers and Zales is seeing a “steep decline” in demand for items priced under $500, the latest sign that higher costs and economic …
Juicy Couture Owner Authentic Brands Buys Ted Baker
Juicy Couture and Forever 21 owner Authentic Brands (ABG) has agreed to buy Ted Baker in a deal worth roughly £211 million ($254 million), ending …
Uniqlo’s Owner Pushes Deeper Into North America With GU Brand
Fast Retailing Co. will open its first GU store in the US, adding to its Uniqlo shops in the country as the apparel maker seeks …
Il Makiage Owner Launches IPO-Linked Digital Security Token
Dubbed “Oddity Token,” and built on Ethereum blockchain, the digital security will convert to discounted shares in Oddity at the time of an IPO. The …
RM Williams Owner Invests $20 Million in Plant-Based Leather Maker
The Australian bush clothing and footwear brand could soon be making a plant-based version of its famous boots following a $20 million investment in sustainable …