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.
L Catterton Co-Chief Executive Michael Chu said he expects job growth this month will outpace the rise in May.
"Our overarching mission is to become the go-to source for beautiful, intuitive tools that facilitate creativity, rather than distract from it."
The social network giant is the latest to join investments into Indian e-commerce marketplace Meesho, which connects apparel resellers to social media platforms including WhatsApp.
The Indian multinational conglomerate will invest up to $42 million for a majority stake in the google-backed retail startup Fynd.
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The label made famous by Meghan Markle lost £2.5 million ($3.1 million) on £14.3 million of sales in 2017, according to public filings.
The cosmetics company intends to invest in new brands in beauty and wellness segments in Europe and the United States through venture capital funds.
"The shift has accelerated as competition has grown and firms have paid more attention to consumer-facing startups."
At a time when the idea of ‘American luxury’ can feel like an oxymoron, the Uruguayan-American entrepreneur has attracted backing from French luxury group LVMH for her honest vision, marrying beautifully crafted collections with sustainable business practices.
At a time when the idea of ‘American luxury’ can feel like an oxymoron, the Uruguayan-American entrepreneur has attracted backing from French luxury group LVMH for her honest vision, marrying beautifully crafted collections with sustainable business practices.
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Chinese backers have snapped up distressed European fashion labels hoping to tap the country’s millions of heritage-hungry millennials. But things haven’t always gone to plan.
The co-founder of the online sneaker marketplace explains why luxury is the perfect new frontier for expansion beyond footwear and streetwear.
Brand builder and investor Janet Gurwitch shares advice on choosing the right channel and the power of packaging.
The funding awarded to the Tory Burch Foundation will support female entrepreneurs who might not qualify for traditional credit.
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.