L’Occitane Announces Privatisation Offer
The transaction, which includes funding from Blackstone and Goldman Sachs, values the company at $6.4 billion.
New Guards Group co-founders Davide De Giglio and Andrea Grilli are exiting the company, owner Farfetch announced Thursday.
During her four-and-a-half-year tenure, the Farfetch executive steered London Fashion Week’s organising body through one of the most challenging periods Britain’s fashion industry has ever faced.
Richemont sold a big stake in loss-making Yoox Net-a-Porter to rival Farfetch, giving the fashion platform a major boost. But it’s hard to make money in online luxury, where the path to profitability remains challenging.
Employees who feel comfortable and engaged make for a more productive and innovative workforce. Here’s how to make meaningful change in your company.
Farfetch’s chief strategy officer and BFC chair Stephanie Phair shares her insight on how fashion can better support gender diversity within the workplace.
Farfetch’s chief strategy officer and BFC chair Stephanie Phair shares her insight on how fashion can better support gender diversity within the workplace.
In the race to be the platform of choice for both fashion companies and end consumers, e-commerce players will continue to innovate by adding profitable value-added services, focusing on new technologies and diversifying business models.
Fashion companies must come to terms with consumer’s desire for transparency across the value chain.
Meghan Markle made a surprise appearance for Givenchy's Clare Waight Keller, while Gucci's Marco Bizzarri beat out José Neves of Farfetch for business leader of the year.
The British prime minister needs a reality check: An exit from the EU without a deal would be catastrophic for the UK economy, and would irrevocably harm the future of the British fashion industry.
This week, the popularity of natural beauty is attributed to the rising fear of chemicals, while Revolve sold a sweatshirt with a controversial quote.
A new breed of VC firms is backing next-generation digital lifestyle brands targeting millennials. BoF talks to five of the top players to decode their investment theses.
The new chair of the BFC brings years of experience to her role as chief strategy officer at Farfetch and former president of The Outnet.
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.