Prada Heir Says Italian Luxury Group Is Open to Doing More M&A
Prada is prepared to evaluate acquisitions as candidates arise in the luxury sector, according to Lorenzo Bertelli, heir to the Italian billionaire family.
Marie-Claire Daveu
Company Snapshot
She was an environmental adviser to a former French prime minister and is passionate about making luxury brands more sustainable.
The News in Brief
Zalando Returns to Growth Thanks to Premium Brands
The online fashion marketplace average order value increased to €60.4 ($65) in the first quarter, from €57.3 a year earlier.
Coty Sales Rise 8%, Led by Prestige Beauty
Beauty company Coty beat Wall Street expectations for third-quarter revenue on Monday and said it expects to achieve the high end of its annual targets, riding on steady global demand for its luxury and mass-market products.
Canada’s Competition Bureau Opens Greenwashing Investigation of Lululemon
A complaint by climate-advocacy group Stand.earth prompted the inquiry.
Condé Nast and Union Strike Deal, Avoiding Met Gala Disruption
The new contract includes $3.6 million in wage increases, and eight weeks of severance for laid-off employees, according to a statement from the NewsGuild of New York, the union’s organising body.
Shiseido Taps Six Athletes for Sun Protection Campaign
The Japanese skincare company has recruited the likes of softball player AJ Andrews and Anna Leigh Waters to reach new audiences and grow awareness.
Rabanne Owner Puig Rises in Spanish Debut After €2.6 Billion IPO
Spanish beauty and fragrance group Puig Brands SA shares rose after the company and its founding family raised €2.6 billion ($2.8 billion) in an initial public offering, in Europe’s biggest listing so far this year.
Dao-Yi Chow Appointed Creative Director of New Era
The former Public School and DKNY designer will launch the cap brand’s first apparel line.