L’Occitane Announces Privatisation Offer
The transaction, which includes funding from Blackstone and Goldman Sachs, values the company at $6.4 billion.
This week Federico Marchetti was appointed non-executive director to the luxury fashion house’s board, while Coty appoints Sue Y. Nabi as its chief executive.
This week, everyone will be talking about Tapestry's first results since the departure of CEO Victor Luis, Richemont's latest attempt to build a soft luxury business and the early arrival of Black Friday sales.
In a new series, BoF explores the culture of creative expression and empowerment that is driving Tapestry’s momentum. In this feature, we sit down with Tapestry chief executive Victor Luis to discover the cultural values that unite the group.
In a new series, BoF explores the culture of creative expression and empowerment that is driving Tapestry’s momentum. In this feature, we sit down with Tapestry chief executive Victor Luis to discover the cultural values that unite the group.
Chief executive Victor Luis talks China, challenges at Stuart Weitzman and high hopes for Kate Spade New York.
Quarterly sales rose 31 percent to $1.48 billion helped by higher demand for Kate Spade handbags.
The chief executive of newly formed ‘modern luxury’ group Tapestry Inc speaks to BoF about competing in an uncertain world, the enduring power of brands and the challenges of managing off-price channels.
The budding ‘modern luxury’ group has changed its name to minimise market confusion and signal its ambitions.
Industry leaders including Ralph Lauren, Tory Burch, Steven Kolb and Virgil Abloh denounce the violent racism of thousands of Nazi-saluting white supremacist marchers who descended on Charlottesville, Virginia last week.
Coach Inc chief executive Victor Luis tells BoF why the whimsical lifestyle brand fuels the company’s new global ambitions.
With a war chest of more than $1.8 billion in cash, CEO Victor Luis has let it be known that he’s interested in purchasing handbag, accessories, footwear and outerwear brands.
Sources say Coach is set to soon announce its intention to acquire Kate Spade. But will another bidder get there first?
As the mid-market leather goods house celebrates its 75th anniversary with a large-scale show, the buzz around the company's acquisition strategy continues to swell.
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.