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.
Providing contestants with innovative materials, mentorship and access to a global network of designers, the annual competition is an opportunity for emerging designers to showcase their talent and build out their portfolio. BoF sits down with this year’s contestants to learn more.
Providing contestants with innovative materials, mentorship and access to a global network of designers, the annual competition is an opportunity for emerging designers to showcase their talent and build out their portfolio. BoF sits down with this year’s contestants to learn more.
The news comes at a challenging time for designer brands on both sides of the Atlantic, particularly those operating without outside investment and dependent on a wholesale model.
Along with a healthy dose of raw talent, a group of South Asian American designers, hailing from India and Nepal, have leveraged their close ties to home to help build their brands and businesses.
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.