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.
Ari Emanuel
Fashion Goes to Hollywood
The ringmasters of American entertainment are betting big on the future of fashion.
#BoF500 — The New Class: Catalysts
They may work behind the scenes, but these talent spotters, agents and educators are essential to making the fashion machine tick. Meet the 15 catalysts who are new to the #BoF500 this year.
On Heels of Vice Acquisition, Garage Appoints New Editor-in-Chief
Garage has named Thessaly La Force to the role of editor-in-chief. Founder Dasha Zhukova will become the title’s editorial director.
SoftBank Group Invests $250 Million in Talent Agency WME-IMG
SoftBank Group Corp., the Japanese telecommunications company, invested $250 million in WME-IMG LLC in a deal that values the sports and entertainment agency at $5.5 billion.
Company Snapshot
Head of the world’s biggest modelling agency, Emanuel revolutionised Hollywood by consolidating the town’s biggest creative agencies.
The News in Brief
Zara Re-Enters Venezuelan Market
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
EU Hits Fast-Fashion Giant Shein With New Digital Rules
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.
Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Sales Rise More Than Expected, Led by Beauty
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.
Biden Signs Possible TikTok Ban Into Law; ByteDance Vows Legal Challenge
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Google Postpones Phasing Out of Ad Cookies in Chrome Browser
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.