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.
Japanese apparel giant Uniqlo sees India as the next major battleground in its global expansion plan, but competitors have already gained first-mover advantage there. BoF investigates how one of the world’s largest fashion retailers aims to seize a leadership position by unlocking the immense potential of a market whose unbridled dynamism is equalled only by its extreme complexity.
Japanese apparel giant Uniqlo sees India as the next major battleground in its global expansion plan, but competitors have already gained first-mover advantage there. BoF investigates how one of the world’s largest fashion retailers aims to seize a leadership position by unlocking the immense potential of a market whose unbridled dynamism is equalled only by its extreme complexity.
This week, Uniqlo’s Japanese owner Fast Retailing became the world’s most valuable fashion company, a reflection of just how much the pandemic is recentering the global fashion sector from the United States and Europe to Asia.
The Japanese retailer expects profit to rebound around 70 percent in the next fiscal year.
"After emails, phone calls and postcards poured in, chief Tadashi Yanai listened."
Uniqlo founder Tadashi Yanai will step down from SoftBank's board at the end of this month.
A diplomatic spat between the two countries has caused sales in South Korea to fall 40 percent year-on-year in July and more in August.
'The job is more suitable for a woman,' Yanai, the chief executive officer behind clothing giant Uniqlo, said in an interview.
As Asia's largest retailer grapples with one of the tightest labour markets in Japanese history, it hopes to lure top talent with the pay package.
The heritage brand, famously worn by rock stars from The Who to Oasis, is to design looks for British athletes at the 2020 Tokyo Olympic Games.
The founder will stay on as an advisor at the Fast Retailing-owned company.
Launching a Nicolas Ghesquière or Hedi Slimane brand is risky business, even for a major conglomerate, due to high capital expenditure requirements and the quandary of trademark ownership.
After Fast Retailing announced the nomination of Tadashi Yanai's two sons to the board, the chairman clarified he had "no intention of bringing them into the top management at this time."
He has grown his Japanese mass market clothing company into a group that has owns contemporary labels like J Brand and Theory.
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.