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.
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.
This week, LVMH names Sophie Brocart as chief executive of Jean Patou, while Jessica Pels is appointed editor-in-chief of Cosmopolitan.
LVMH has bought a majority stake in Jean Patou with a view to relaunching the pret-a-porter line, and recruited former Nina Ricci creative director Guillaume Henry to breathe new life into the maison.
"The former creative director of Carven and Nina Ricci was handpicked by LVMH's Sidney Toledano for the role and is expected to debut his vision for
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.