Our Legacy says it’s attracted and rebuffed several approaches from would-be investors as the label—Swedish fashion’s standard-bearer for low-key menswear cool—grew into a global business …
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Stake
This Week: Fashion’s Stake in the US Election
Fashion has tread carefully with the US presidential election. Few brands have made an endorsement, let alone incorporated politics into their marketing. Where they have …
Astier de Villatte Sells Majority Stake to Vesper
Paris-based lifestyle brand Astier de Villatte has sold a majority stake to investment fund Vesper, the companies said in a statement. Founders Ivan Pericoli and …
Coty to Buy 20% Stake in Kim Kardashian West’s Beauty Line
NEW YORK, United States — Coty Inc has agreed to buy a 20 percent stake in reality TV star Kim Kardashian West‘s makeup brand KKW …
French Brand Sessùn Sells Majority Stake to Italian Fund, Eyeing International Expansion
Marseille-based fashion brand Sessùn has sold a majority stake to Italian fund Quadrivio, BoF has learned. Founded in 1996, Sessùn encapsulates a Mediterranean aesthetic inspired …
Chanel Buys Stake in Independent Swiss Watchmaker MB&F
Chanel Ltd. is buying a minority stake in Swiss watch brand MB&F in a deal that will give the independent watchmaker financial security while boosting …
Walmart Sells $3.74 Billion JD.com Stake to Focus on Its Own China Operations
Walmart, the biggest shareholder of Chinese e-commerce firm JD.com, has sold its entire stake, according to a person familiar with the matter, exiting an eight-year …
Berkshire Hathaway Takes Stake in Ulta Beauty
Berkshire added 690,106 shares of Ulta and 1.04 million shares of Heico, according to a regulatory filing. Its stake in Ulta was worth about $227 …
Abu Dhabi Will Acquire a Minority Stake in Sotheby’s Auction House
ADQ, Abu Dhabi’s sovereign wealth fund, has signed a definitive agreement to acquire a minority interest in Sotheby’s, the auction house announced. Its owner, the …
Bernard Arnault Confirms He Owns ‘Very Minor Stake’ in Richemont
Bernard Arnault confirmed he bought a small stake in Cartier owner Richemont, as the chief executive officer of rival luxury conglomerate LVMH seeks to cool …
Ray-Ban Maker EssilorLuxottica Confirms Meta Interested in Stake
EssilorLuxottica SA confirmed Meta Platforms Inc. is interested in buying a stake in the world’s biggest eyewear maker. Chief executive officer Francesco Milleri said that …
LVMH’s L Catterton Buys Malls Stake in £1.5 Billion Deal
L Catterton, the private equity firm backed by French luxury fashion house LVMH Moet Hennessy Louis Vuitton SE, has agreed to buy Hammerson Plc’s stake …
Saudi Wealth Fund Offers to Boost Stake in Selfridges
Saudi Arabia’s Public Investment Fund has made an offer that would boost its stake in Selfridges to 50 percent, according to documents seen by Bloomberg …
Meta Explores Stake in Ray-Ban Maker Essilorluxottica, FT Reports
Meta Platforms has explored a multibillion-euro investment in eyewear group EssilorLuxottica, the Financial Times reported on Thursday. The Facebook and Instagram owner has considered taking …
Arnault Said to Have Bought Stake in Richemont
Bernard Arnault has taken a personal equity stake in Cartier parent company Richemont, according to people familiar with the French billionaire’s investments. It’s unclear exactly …
Botswana Says It’s in Talks About Increasing Stake in De Beers
Botswana said it’s in talks over increasing its shareholding in De Beers, as Anglo American Plc prepares to end its almost century-long relationship with the …
Kering Beauté Takes Minority Stake in Matiere Premiere
French fragrance brand Matiere Premiere announced Tuesday that Kering Beauté, the luxury group’s beauty division, had taken a minority stake in the company following its second …
LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
Private equity fund L Catterton, which is backed by luxury giant LVMH Moet Hennessy Louis Vuitton SE, agreed to buy a majority stake in Italian …
TikTok Ready to Fight US Ban With 170 Million Users at Stake
Four years ago, when the Trump administration threatened to ban TikTok in the US, its Chinese parent company ByteDance Ltd. worked out a preliminary deal …
L’Oréal Eyes Stake in €3 Billion Perfume Brand Amouage
L’Oréal SA is considering a potential investment in Omani luxury fragrance company Amouage, according to people familiar with the matter. The French beauty group has …