Frédéric Malle Steps Down From Namesake Brand
Frédéric Malle announced on Apr. 18 that he will be leaving his brand Editions de Parfums Frédéric Malle at the end of June.
Claudie Pierlot
SMCP Eyes Growth and Investment in China
The Sandro-owner, which surpassed €1 billion in revenue, will keep up investments in the region despite the simmering Sino-US trade war.
Power Moves | Lalonde Named CEO of SMCP, Trinity Appoints Cohen, Barrato Exits Brioni, Wilts Back to Boss
BoF compiles the most important professional moves of the week.
KKR Acquires Majority Stake in SMCP
PARIS, France — After weeks of exclusive talks, American private equity firm Kohlberg Kravis Roberts & Co. ("KKR") has formally acquired a 65 percent
KKR in Talks to Buy French Clothing Brands Sandro, Maje
"Private equity firm KKR has entered into exclusive talks to buy a majority of French fashion brands Maje, Sandro and Claudie Pierlot, according to a
The News in Brief
With Succession in Focus, LVMH Adds Alexandre and Frédéric Arnault to Board
The two brothers join older siblings Antoine and Delphine, meaning that 4 out of Arnault’s 5 heirs now serve on the board. Bernard Arnault, age 75, has placed his controlling interest in LVMH in a stock-share partnership aimed at perpetuating family control.
Arnault Says He Hopes Tensions With China on Luxury Quiet Down
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and Beijing.
Vita Liberata Bought Back By Founder
Alyson Hogg, who founded the luxury tanning brand in 2003, has reacquired it from Crown Laboratories.
Swiss Watch Exports Plunge as China and Hong Kong Demand Dries Up
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged.
Asos Says It Will Take ‘Necessary Actions’ After 18% Drop in Sales
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
TikTok Divest-or-Ban Bill Heads to Fast Track in US Congress
The effort to force TikTok’s Chinese parent company ByteDance Ltd to divest its ownership of the social media platform would quickly become law under a plan outlined Wednesday by House Speaker Mike Johnson.
Lagardère Group Launches Egyptian Edition of Elle Magazine
The French publisher has appointed Tunis-based firm Nissa Editions Group as the local licensing partner and Cairo-based fashion media veteran Susan Sabet as both managing director and editor-in-chief of the new title.