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.
Jeff Bezos sold about $1 billion in company stock as part of a planned divestiture, a month after he said he spends about that amount annually on his space exploration company Blue Origin.
Amancio Ortega, Europe's richest man and founder of global fashion group and Zara owner Inditex , held more than €6 billion ($6.6 billion) in prime real estate assets at the end of 2015.
To improve their lives, garment workers simply need to earn more. But this won’t happen until fashion businesses treat them as their own employees, argues Edward Hertzman.
BoF gains rare access to Inditex — the world’s largest fashion retailer and parent company of Zara — to understand how the business is addressing the vast environmental impact of its operations.
The Spanish apparel mogul pioneered the ‘fast fashion’ business model at vertically-integrated goliath Zara.
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.