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 Brazilian footwear giant’s business model led it to quintuple in size in just 10 years to reach nearly $600 million. Now, it plans to acquire high-potential international SMEs and provide them with the infrastructure and insight to scale internationally.
The Brazilian footwear giant’s business model led it to quintuple in size in just 10 years to reach nearly $600 million. Now, it plans to acquire high-potential international SMEs and provide them with the infrastructure and insight to scale internationally.
New free trade agreements could help boost the regional luxury market, but will they be enough to shield it from Covid-19 losses or be too controversial to benefit big markets like Brazil and Mexico?
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.
Brazil’s billion-dollar footwear industry bucked the recession and keeps on rising despite continued economic and political turmoil.
At least 30 percent of Latin American billionaires can thank the fashion business for part of their fortunes. But how did these fascinating characters get to the top?
Love them or loathe them, Brazilian telenovelas are one of Latin America’s biggest marketing opportunities.
The Brazilian footwear designer oversees one of the country’s largest shoe empires, with its portfolio including a range of popular regional footwear brands and his own namesake label.
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.