LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Artists, writers and intellectuals who believe deeply in Cuba's opening to the world are questioning their government's management of an onslaught of big-money pop culture.
Tim Blanks reports from Havana, finding the Kardashians and Kanye West amongst white clad adherents of Santeria in a city on the cusp of a new revolution.
Although the fundamental incongruity of the moment was lost on no one, both Karl Lagerfeld and Fidel Castro share an ability to imagine a world and bring it into being.
First came US President Barack Obama and the Rolling Stones. Now global fashion's glitterati including supermodel Gisele Bundchen have descended upon Cuba for Chanel's runway show extravaganza.
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Chanel said its efforts to curb the grey market have been successful and are helping boost revenue in China despite weaker overall demand for luxury goods.
Global consumer products company Unilever Plc. will return to Cuba after a several-year absence, agreeing on Monday to build a $35 million soap and toothpaste factory in Cuba's special development zone at the port of Mariel west of Havana.
Global consumer products company Unilever Plc. will return to Cuba after a several-year absence, agreeing on Monday to build a $35 million soap and toothpaste factory in Cuba's special development zone at the port of Mariel west of Havana.
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The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.