Buyout Firm Sycamore Vies to Take Nordstrom Private, Sources Say
Nordstrom shares rose 6 percent on the news, giving the company a market value of about $3.3 billion.
Manuela Pavesi
Company Snapshot
Mrs. Prada’s ‘right-hand woman’ will be remembered for the pivotal role she played in shaping the brand’s unique mix of intellectual femininity, in addition to her work as a photographer.
The News in Brief
Olaplex Sales Continued Slide in First Quarter
A double-digit decline was attributed to the brand’s distribution changes.
Celebrity Makeup Artist Quinn Murphy Launches Beauty Line
Spatch will debut on May 4 with a nine-piece collection of skin-perfecting products designed for professional and consumer use.
Jewellery Brand Pandora Surges as Lab-Grown Diamonds Lift Sales
The Danish company, which makes more pieces of jewellery than any other in the world, said organic sales are projected to rise 8-10 percent this year.
Sandra Stangl Is Exiting Banana Republic
Despite a brief uptick in sales, up 24 percent between 2021 and 2022, the brand’s growth has stalled.
Susanna Lau Joins System Magazine as Digital Editorial Director
The move comes as System owner Mike Obenson aims to turn what began as a bi-annual print title into a global media brand with a stronger digital offering.
Cascale Appoints New CEO
Former Under Armour COO Colin Browne has been appointed to lead the industry organisation formerly known as the Sustainable Apparel Coalition.
Estée Lauder Tempers Sales View Despite US, China Recovery
The company also beat Wall Street targets for third-quarter results, hinting at a recovery in demand for beauty and cosmetic products in the US after a long bout of inflation.