LONDON, United Kingdom — Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London-based buyout firm Permira in a sale worth about 450 million euros ($621 million), four sources close to the deal told Reuters.
FRANKFURT, Germany — Hugo Boss AG, the German luxury clothing-maker, reported earnings that missed analysts estimates as a difficult market environment in China and a weakening wholesale business offset higher retail sales.
LONDON, United Kingdom — Permira Advisers LLP, the London- based private-equity firm that owns clothing brand Hugo Boss, is in advanced talks to buy iconic British punk-boot maker Dr. Martens, said a person with knowledge of the negotiations.
In recent years, the number of fashion companies that have gone public or been acquired by large luxury groups has accelerated dramatically. What’s driving the deal flow?
METZINGEN, Germany — Hugo Boss AG said first-quarter operating profit fell 11 percent as the German luxury-clothing maker changed its collection cycle and economic conditions remained difficult in Europe.
METZINGEN, Germany — Hugo Boss AG, the German luxury- clothing maker controlled by buyout firm Permira Advisers LLP, forecast operating profit will rise this year after it expanded its store network by a third in 2012.
Permira to keep Hugo Boss, ProSieben for years (Reuters) “Permira doesn’t plan to exit from media company ProSiebenSat.1 and fashion label Hugo Boss for a couple of years, the German head of the private equity company told Reuters.” Chanel wins counterfeit case but is forced to pay damages (Telegraph) “A seamstress who took Chanel to court for stealing her small firm’s crochet pattern has lost her
Permira in talks to buy back Valentino debt-sources (Reuters) “Private equity investor Permira is in talks to buy back some of the debt it amassed to purchase Italy’s Valentino Fashion Group two years ago, sources close to the matter said. Permira and other shareholders of Valentino Fashion Group plan to invest up to 300 million euros ($452 million) to reduce the Italian fashion house’s debt of about 2.2 billion