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.
Jim Gold
Neiman Marcus CFO Steps Down After Less Than 18 Months
The luxury retailer is in the process of naming a successor, but Orvos will remain at the company until October 11.
Bergdorf Goodman President Joshua Schulman to Step Down
The news comes as parent company Neiman Marcus Group considers a buyout. Jim Gold, NMG's chief merchandising officer, will take over Schulman's role until a replacement is found.
News & Analysis
Why Fashion Is a Property Developer’s Not-So-Secret Weapon
As Dover Street Market opens in its new Haymarket location, adjacent to the Crown Estate’s new St. James’ Market project, BoF examines how real estate developers work with brands, retailers and other fashion entities to recast neighbourhoods.
Why Fashion Is a Property Developer’s Not-So-Secret Weapon
As Dover Street Market opens in its new Haymarket location, adjacent to the Crown Estate’s new St. James’ Market project, BoF examines how real estate developers work with brands, retailers and other fashion entities to recast neighbourhoods.
Is Milan Fashion Week Back?
Once seen as creatively stagnant, Italy’s main fashion week is showing signs of newfound momentum. BoF spoke to a series of global fashion insiders to get their verdict on Milan Fashion Week.
Company Snapshot
The career merchant rose within the ranks of one of America’s foremost luxury department store groups after earning a Harvard MBA.
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.