The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — UK trenchcoat maker Burberry Group Plc surged after Belgian investor Albert Frere reported buying a 3 percent stake in the company.
The shares were up as much as 5.9 percent in London on Tuesday afternoon, to the highest since May 2015.
Burberry is the second luxury-goods company Frere has reportedly taken an interest in over the last few weeks. Frere, a former chairman of Groupe Bruxelles Lambert, acquired an undisclosed stake in Hugo Boss AG of Germany, Manager Magazin reported. Frere is a business partner of the Marzotto family of Italy, a shareholder in Hugo Boss.
By Eric Pfanner; editor: Paul Jarvis.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.