This week, Balmain announces Massimo Piombini’s successor, while Kering appoints a group executive to the helm of Brioni.
The entrepreneur announced his departure from the big-box giant just two years after it acquired his venture-backed menswear brand for $300 million.
Following its $1.37 billion acquisition by Edgewell, Harry’s co-founders are taking their brand into the haircare space and taking on their biggest challenge to date: reviving the beauty giant’s troubled US business.
Following its $1.37 billion acquisition by Edgewell, Harry’s co-founders are taking their brand into the haircare space and taking on their biggest challenge to date: reviving the beauty giant’s troubled US business.
Digital-first brands are the retail industry’s most powerful drivers of innovation right now. Walmart and Target are right to put their big-box-sized engines behind them.
Walmart said the deal is expected to close this quarter.
Luxury brands can embrace sneakers, graphic t-shirts and drops all they want, but can they build the belief and belonging that give streetwear labels their true power?
The yet-to-be named line will target Gen Z consumers.
"Bonobos and Walmart have totally different values. Will Bonobos founder Andy Dunn be able to help change Walmart's image? He's not sure."
Walmart’s Marc Lore and Andy Dunn of Bonobos tell BoF why they believe the big-box retailer’s $310 million acquisition of the digital-first menswear brand will propel both companies forward.
The acquisition is the fourth purchase that Wal-Mart has made this year, in its bid to become a dominant player in the e-commerce market.
In a market that is more competitive than ever, strategics and private equity firms alike are looking beyond makeup to acquisitions in skincare and haircare.
As a spate of disruptive startups inch toward a decade in business, those being disrupted are increasingly turning to acquisitions to better secure their futures. BoF identifies the top targets.
The Stanford alumnus helped to define and prove a new model for vertically integrated fashion retail in the age of e-commerce.
The administrators said the retailer’s 541 known unsecured creditors are owed at least £35.6 ($44.2 million) but are unlikely to collectively receive more than £800,000 ($996,000), or “less than a penny in the pound.”
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.
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.
Amazon “significantly restricted consumers’ freedom of choice” by automatically pre-setting a ‘Subscribe and Save’ option, the regulators said.
The closure is part of the company's plan to raise $850 million to $1 billion and help improve its credit metrics, said chief executive officer Alejandro González.
