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Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private.
Mona Tougaard
Company Snapshot
The Danish model with Somalian, Ethiopian and Turkish heritage has walked for the likes of Louis Vuitton and Chanel.
The News in Brief
The deal to sell the majority stake in Cruise Line Holdings Co, the parent company of the Starboard & Onboard Cruise Services businesses, is expected to be concluded in the coming days.
On Dec. 7, Shiseido Company announced the launch of a corporate venture capital fund, Shiseido Long Term Investments for the Future (LIFT) Ventures.
Stanley will work closely with Marie Claire editor-in-chief Nikki Ogunnaike and digital director Jenny Hollander.
Michelle Gass, who currently serves as the president of Levi’s, will succeed Bergh in the role.
Lululemon Athletica Inc.’s fourth-quarter revenue guidance trailed Wall Street estimates, a rare miss for the retailer whose performance routinely exceeds investor expectations.
Sales on the platform that’s backed by Chinese heavyweight PDD Holdings Inc. jumped 29 percent from a month ago to a new record.
As of last month, Temu accounted for nearly 17 percent of market share in the United States within the discount stores categories, according to data analytics firm Earnest Analytics.