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.
Young-luxury retailer Totokaelo, which opened an ambitious store in New York City last autumn, has entered into a deal with Vancouver-based Herschel Capital Corp., the owner of accessories brand Herschel Supply Co.
On the eve of Totokaelo’s New York store opening and the launch of its own ready-to-wear line, the founder and chief executive talks about her start in Seattle, global expansion plans and why e-commerce is the most important part of her business.
On the eve of Totokaelo’s New York store opening and the launch of its own ready-to-wear line, the founder and chief executive talks about her start in Seattle, global expansion plans and why e-commerce is the most important part of her business.
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.