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.
Bob Sauerberg
Anna Wintour Is Not Resigning, Says Condé Nast Chief
Speculation that the Vogue editor in chief might exit her role hit a fever pitch on Thursday, after a week of racial reckoning at the publisher.
Stefano Tonchi Exits W After Acquisition by Surface Magazine Owner
Marc Lotenberg, chief executive and chairman of the newly formed Future Media Group, has named Style Director Sara Moonves editor-in-chief after acquiring the fashion magazine from Condé Nast.
Condé Nast Picks Tech Executive as New Global Chief
The ex-Pandora head Roger J. Lynch will take charge of the legacy publisher as the company aims to stem losses and transform itself for the digital age. Jonathan Newhouse has been appointed chairman of the board.
Condé Nast’s UK Titles Swing to a Loss
The publisher of British editions of Vogue, GQ and other magazines reported a $17 million loss in 2017, offering a glimpse into the challenges faced by Condé Nast as it prepares to merge its US and international units.
Dirk Standen, Editorial Head of Condé Nast’s In-House Agency, to Exit
The former editor-in-chief of Style.com headed editorial at the US publisher’s in-house agency since 2015.
Inside VOICES 2018
The rise of big tech, the power of collaboration, a multifaceted understanding of the world and social activism were among the top topics at VOICES, BoF’s annual gathering for big thinkers.
Power Moves | Bob Sauerberg Exits Condé Nast, Unilever Appoints New CEO
This week, Condé Nast's chief executive steps down amid company shakeups, while Unilever's longstanding chief is retiring after a decade in charge.
Condé Nast to Merge US and International Arms to Form Global Company
Bob Sauerberg, chief executive of the American operation, will step down after a global CEO is found. Jonathan Newhouse will become chairman of the board of directors.
Power Moves | Victoria's Secret Announces CEO, President of Condé Nast Entertainment Named
This week, Victoria's Secret appoints John Mehas as chief executive, while Condé Nast announces the president of Condé Nast Entertainment.
Condé Nast Sees Early Returns on Its Pivot to Video
Chief revenue and marketing officer Pamela Drucker Mann announces a reorganisation of the advertising division that will make it more nimble after a challenging year that has the publisher shifting its mindset in a competitive market.
How Vogue Is Selling Access
The second annual Forces of Fashion conference mixed fashion fans with designers and editors. Next up? An exclusive membership club designed to leverage Vogue’s community of editors into a new stream of revenue.
Condé Nast's Chief Digital Officer Exits
An integrated product and technology team will now report to Condé Nast chief executive Bob Sauerberg and Condé Nast International president Wolfgang Blau, deepening ties between the company's US and International divisions.
Company Snapshot
The long-time executive emerged as the new leader of fashion’s most famous publishing house, with digital and return to profitability as his primary focus.
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.