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 former Ralph Lauren and Old Navy executive, who will replace current CEO Manny Chirico in a planned succession next February, is known for a forward-thinking approach on brand management and operations.
Kattan’s family members linked to the business will also be forgoing their wages for the rest of 2020.
BoF tapped industry experts and analysed the market to determine which brands will likely be targeted this year — and which wild-card mergers could pick up steam.
Brands and publications are working in real time to protect their workforce as fashion month nears its end.
The parent company of Calvin Klein expects US tariffs on Chinese goods to cut earnings by about 20 cents and hit full-year revenue by the end of 2019.
The company cut its adjusted profit outlook, citing a challenging macroeconomic environment and a stronger dollar. Shares fell 7.4 percent to $91.90.
The Fenty business model may not be truly revolutionary, but it does take new ideas further than other brands have been willing to go.
This week, Celine Chief Executive Séverine Merle has been named president of France’s men’s fashion chamber, while two veterans of Burberry’s board step down.
LVMH won't be participating in a new climate initiative spearheaded by rival Kering — the latest example of the challenge the industry faces in setting common goals to tackle major systemic issues.
The former chief executive of Ralph Lauren will start June 3 and oversee Calvin Klein and Tommy Hilfiger.
The industry’s annual gathering in Copenhagen had an ominous conclusion: time is running out, and there’s a lot still to be done.
Emmanuel Macron has called upon Chief Executive François-Henri Pinault to unify the sector.
The former accountant led the world’s largest shirt company and owner of classic American brands such as Calvin Klein and Tommy Hilfiger.
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.