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.
The retailer temporarily closed its stores in Ukraine following Russia’s invasion of the country in February of last year.
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One month into the war in Ukraine, founder and editor-in-chief Imran Amed speaks with Julie Pelipas, Lilia Litkovskaya and Vadim Rogovskiy on The BoF Podcast.
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The company said the decision was the result of operational challenges and the worsening conflict in Ukraine. It had faced public pressure to pull back.
The Uniqlo owner said it will continue to operate in Russia, even international pressure in response to the country’s invasion of Ukraine sees waves of companies pull out.
Spanish fashion retailer Inditex has halted trading in Russia, closing its 502 shops and stopping online sales, the company said in a statement on Saturday.
Companies are also continuing to pledge humanitarian aid, while the LVMH Prize said it will offer support to its three former semi-finalists from Ukraine Friday.
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Brands continue to pull back from Russia as sanctions challenge shipments, while Coperni dedicated its Paris Fashion Week show to its Ukrainian tailoring manufacturer.
Burberry, Valentino and more are making public donations to charities offering aid in Ukraine.
A growing number of brands are halting deliveries, with a handful saying they will suspend sales.
As Ukraine faces its darkest hour, the country’s fashion community is asking the wider industry to act.
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.