Condé Nast Union Threatens Strike Ahead of Met Gala
The union delivered the announcement through a video at a bargaining session today, promising “a week of union actions” in the statement.
Over the last two decades, Rick Owens and Michèle Lamy have managed to construct a fantastical creative world entirely of their own design and turn it into a commercially successful business, projected to generate $120 million in 2014.
BoF sits down with Margaret Howell at her seaside house in Suffolk, England, to discuss how the British designer built a brand known for its simple, practical pieces, evocative of the natural landscape, into a business, now majority-owned by Japanese company Anglobal, that generates £100 million per year.
BoF sits down with Margaret Howell at her seaside house in Suffolk, England, to discuss how the British designer built a brand known for its simple, practical pieces, evocative of the natural landscape, into a business, now majority-owned by Japanese company Anglobal, that generates £100 million per year.
The owner of the cult retailer was one of the first Angelenos to stock fashion-forward designers like Yohji Yamamoto.
The union delivered the announcement through a video at a bargaining session today, promising “a week of union actions” in the statement.
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.