L’Occitane Announces Privatisation Offer
The transaction, which includes funding from Blackstone and Goldman Sachs, values the company at $6.4 billion.
Margherita Missoni
The $900 Million ‘Old Céline’ Opportunity
Who is best positioned to dress the affluent follower of Phoebe Philo’s chic and unfussy Celine in the wake of Hedi Slimane’s wholesale reinvention of the LVMH-owned house?
Power Moves | Margherita Missoni Appointed Creative Director of M Missoni, TAG Heuer Names Strategy and Digital Director
This week, Margherita Missoni is set to head up M Missoni, while Frédéric Arnault joins LVMH-owned TAG Heuer.
Fast-Growing Brand Saloni Bets Big on Experiential Marketing
‘I don’t necessarily think that a store in Mayfair is going to do anything for me,’ says designer Saloni Lodha on her decision to invest in Instagram friendly events like this weekend’s Holi Saloni in Udaipur, India.
Why Yoox Is Overhauling Its Website
Luca Martines, president of off season at Yoox Net-a-Porter Group, speaks exclusively to BoF about why Yoox has overhauled its website to focus on personalisation, omnichannel and editorial content.
Company Snapshot
Primed to take over creative direction of the brand from her mother, Angela Missoni, she is the third generation of the Italian knitwear label.
The News in Brief
Vinted Moves Into Profit After 61% Sales Rise
The Lithuania-based group said growth had been spurred by entering new markets including Denmark and Finland and an expansion into luxury fashion.
Spain’s Puig Sets IPO Price Guidance at Top of Range
The Barcelona-based firm set the price guidance at €24.50 per share, according to terms seen by Bloomberg News, giving the company an implied market value of €13.9 billion ($14.9 billion).
L’Occitane’s Billionaire Owner Close to Possible $7 Billion Buyout Bid
Chairman Reinold Geiger’s investment holding company, L’Occitane Groupe SA, is considering an offer for the Hong-Kong listed firm’s shares he does not already own, at HK$33 to HK$34 per share, the report said, citing people familiar with the matter.
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.
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.