L’Occitane Announces Privatisation Offer
The transaction, which includes funding from Blackstone and Goldman Sachs, values the company at $6.4 billion.
The decline in print advertising is squeezing traditional fashion magazines. But brands’ hunger for video content could spell opportunity. Editor and creative director Ezra Petronio tells BoF how Self Service is adapting.
The title debuted at Foire Internationale d’Art Contemporain (FIAC) with Cornelius Tittel as editor-in-chief and Marie Chaix as fashion editor.
“I love women. I have a lot of respect for women and find them more interesting than men. The person I am drawn to is intelligent, strong and beautiful. Women are the main reason I became a fashion photographer,” says Hans Feurer.
From stylists, photographers and editors to casting directors, hair stylists and nail artists, BoF spoke to 10 of New York’s fastest-emerging fashion creatives, many of whom were born outside the city and are poised to continue their rise to the top of the industry with a blend of creativity, commerciality and plain old hard work.
From stylists, photographers and editors to casting directors, hair stylists and nail artists, BoF spoke to 10 of New York’s fastest-emerging fashion creatives, many of whom were born outside the city and are poised to continue their rise to the top of the industry with a blend of creativity, commerciality and plain old hard work.
The versatile Marie Chaix has become one of the fashion industry’s most in-demand stylists, working with leading magazines and helping to define the Proenza Schouler woman. In a rare interview, the reserved Chaix spoke to BoF about her personal and professional trajectory.
The versatile Marie Chaix has become one of the fashion industry’s most in-demand stylists, working with leading magazines and helping to define the Proenza Schouler woman. In a rare interview, the reserved Chaix spoke to BoF about her personal and professional trajectory.
The sought-after stylist worked at Self Service before bringing her fresh, modern aesthetic to campaigns for Proenza Schouler, Sies Marjan and Bottega Veneta, to name a few.
The transaction, which includes funding from Blackstone and Goldman Sachs, values the company at $6.4 billion.
The Lithuania-based group said growth had been spurred by entering new markets including Denmark and Finland and an expansion into luxury fashion.
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).
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.
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.