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.
The retail giant will take a 52 percent stake in fashion and homeware labels founded by one of India’s most established fashion designers.
As the virus spreads and the economy falters, the country’s fashion industry is nearing crisis point. With sales down, stores closing and artisan supply chains under pressure, designers are digging deep to become even more entrepreneurial.
During lockdown Indian e-commerce platforms attracted a bonanza of international investment from the likes of Facebook and a fund backed by LVMH. What can fashion brands do now to tap into this complicated but colossal $43 billion opportunity?
During lockdown Indian e-commerce platforms attracted a bonanza of international investment from the likes of Facebook and a fund backed by LVMH. What can fashion brands do now to tap into this complicated but colossal $43 billion opportunity?
The multinational conglomerate is looking to buy fashion and child-focused retailers abroad, and partner with global sports and beauty brands as part of its expansion into consumer markets.
Younger consumers are seriously concerned with social and environmental causes, which many regard as being the defining issues of our time. What are the implication for business?
India is increasingly a focal point for the fashion industry, reflecting a rapidly growing middle-class and increasingly powerful manufacturing sector.
The chief executive of the fashion division of Reliance Industries, India’s largest private sector conglomerate with consolidated turnover of $63 billion, talks about seizing opportunities in the fastest-growing major economy in the world.
Demand for uniqueness and the growth of India’s fashion market are fuelling the rise of Indian models.
In an effort to clamp down on corruption, India has withdrawn 500 and 1,000 rupee notes. BoF examines how it could fundamentally change the way people shop.
India remains one of the most conspicuous growth opportunities for a global luxury market stuck in a rut.
The ‘Make in India’ campaign is raising the profile and prospects of India’s garment and textile industry.
Using home shopping and trunk shows to great effect, he has driven significant growth for foreign brands aiming to tap the Indian market.
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.