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.
Amazon and Wal-Mart's acquisitions make it clear that the lines that divided traditional retail from e-commerce are disappearing.
Walmart’s Marc Lore and Andy Dunn of Bonobos tell BoF why they believe the big-box retailer’s $310 million acquisition of the digital-first menswear brand will propel both companies forward.
The compensation puts Marc Lore well ahead of his boss, Walmart CEO Doug McMillon, and vaults him into the ranks of America’s top-paid executives.
A Bonobos deal would mark the company's fourth acquisition of a small online clothing-and-accessories brand since the start of 2017.
Jet.com is snapping up fashion businesses. Can the Walmart-owned e-commerce marketplace threaten Amazon’s online apparel supremacy?
The Silicon Valley incubator will be called 'Store No. 8', a reference to a Wal-Mart location where the company experimented with new store layouts.
Wal-Mart posted its third straight quarter of double-digit online growth, which helped its holiday results top estimates.
Free shipping will replace 'Shipping Pass', Wal-Mart's existing two-day shipping program that charges shoppers an annual membership fee of $49.
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.