Puig Announces New CEO
xxxJose Manuel Albesa will succeed Marc Puig, becoming the first non-family member to lead the Spanish conglomerate in more than 20 years.
acquisition
Retail
Adidas Sells Golf Businesses to Focus on Core Brands
The world’s second largest sport apparel company said it is focusing on its core brands, having already announced its intention to sell the golf companies by 2016.
Adidas Sells Golf Businesses to Focus on Core Brands
The world’s second largest sport apparel company said it is focusing on its core brands, having already announced its intention to sell the golf companies by 2016.
Luxury
Michael Kors Faces Tougher Market After Coach-Kate Spade Merger
The combination of Michael Kors' two biggest rivals is unwelcome news to the company, which is staging its own turnaround plan in an attempt to shed its image as a lower-priced brand.
Michael Kors Faces Tougher Market After Coach-Kate Spade Merger
The combination of Michael Kors' two biggest rivals is unwelcome news to the company, which is staging its own turnaround plan in an attempt to shed its image as a lower-priced brand.
Retail
Report: Abercrombie & Fitch Hires Advisers to Field Takeover Approaches
The company's shares are trading at a 17-year low, making it a vulnerable acquisition target, having struggled as its logo-stamped t-shirts and sweaters have lost their fashion appeal.
Report: Abercrombie & Fitch Hires Advisers to Field Takeover Approaches
The company's shares are trading at a 17-year low, making it a vulnerable acquisition target, having struggled as its logo-stamped t-shirts and sweaters have lost their fashion appeal.
News & Analysis
News Bites | Elle US Hires First Female Creative Director, Issa Acquired by House of Fraser
In today's News Bites, Ruba Abu-Nimah joins Elle as creative director, while House of Fraser announces plans to revive British label Issa.
News Bites | Elle US Hires First Female Creative Director, Issa Acquired by House of Fraser
In today's News Bites, Ruba Abu-Nimah joins Elle as creative director, while House of Fraser announces plans to revive British label Issa.
News & Analysis
With Kate Spade Acquisition, Coach Sets Course for 'Modern Luxury' Domination
Coach Inc chief executive Victor Luis tells BoF why the whimsical lifestyle brand fuels the company’s new global ambitions.
With Kate Spade Acquisition, Coach Sets Course for 'Modern Luxury' Domination
Coach Inc chief executive Victor Luis tells BoF why the whimsical lifestyle brand fuels the company’s new global ambitions.
News & Analysis
Coach to Buy Kate Spade for $2.4 Billion
After much speculation, handbag maker Coach Inc said it would buy Kate Spade & Co for $2.4 billion as it looks to tap the smaller rival's popularity among millennials.
Coach to Buy Kate Spade for $2.4 Billion
After much speculation, handbag maker Coach Inc said it would buy Kate Spade & Co for $2.4 billion as it looks to tap the smaller rival's popularity among millennials.
News & Analysis
The Top 10 Venture-Backed Fashion Startups
As a spate of disruptive startups inch toward a decade in business, those being disrupted are increasingly turning to acquisitions to better secure their futures. BoF identifies the top targets.
The Top 10 Venture-Backed Fashion Startups
As a spate of disruptive startups inch toward a decade in business, those being disrupted are increasingly turning to acquisitions to better secure their futures. BoF identifies the top targets.
News & Analysis
Coach Banks on Acquisitions to Expand Roster of Brands
With a war chest of more than $1.8 billion in cash, CEO Victor Luis has let it be known that he’s interested in purchasing handbag, accessories, footwear and outerwear brands.
Coach Banks on Acquisitions to Expand Roster of Brands
With a war chest of more than $1.8 billion in cash, CEO Victor Luis has let it be known that he’s interested in purchasing handbag, accessories, footwear and outerwear brands.
Luxury
Breitling Agrees to Sell to CVC in $870 Million Deal
Breitling is one of the last remaining large independent Swiss watch brands while many others have been acquired by competitors such as Swatch Group, Richemont, LVMH and Kering.
Breitling Agrees to Sell to CVC in $870 Million Deal
Breitling is one of the last remaining large independent Swiss watch brands while many others have been acquired by competitors such as Swatch Group, Richemont, LVMH and Kering.
Financial Markets
Op-Ed | Breitling's Deal Hits on a Stretch of Good Timing
The Swiss watchmaker's family owners have done well to get a deal at all. At least by keeping a 20 percent stake, they won't be shut out from all the upside.
Op-Ed | Breitling's Deal Hits on a Stretch of Good Timing
The Swiss watchmaker's family owners have done well to get a deal at all. At least by keeping a 20 percent stake, they won't be shut out from all the upside.
News & Analysis
LVMH Takes Control of Christian Dior in $13 Billion Deal
The two-part deal will give LVMH full control over the Christian Dior Couture business, which has an enterprise value of €6.5 billion.
LVMH Takes Control of Christian Dior in $13 Billion Deal
The two-part deal will give LVMH full control over the Christian Dior Couture business, which has an enterprise value of €6.5 billion.
News & Analysis
Jimmy Choo Owner JAB Puts Luxury Shoe Brands Up For Sale
JAB has expanded a push into non-luxury areas focusing on its growing food and coffee operations, while seeking to benefit from a rebound in sales of luxury footwear and accessories.
Jimmy Choo Owner JAB Puts Luxury Shoe Brands Up For Sale
JAB has expanded a push into non-luxury areas focusing on its growing food and coffee operations, while seeking to benefit from a rebound in sales of luxury footwear and accessories.
The News in Brief
Spandex Maker Lycra Files for Bankruptcy After Years of Stress
The company has been hampered with disruptions to supply chains, elevated inflation, growing competition from low-cost manufacturers and trade tariffs.
US SEC Preparing to Eliminate Quarterly Reporting Requirement, WSJ Says
The proposal would give companies the option to share results twice a year.
Kering Unveils New Jewellery Unit, Merges Fashion Brand Reporting
Kering’s newly created jewellery division regroups Boucheron, Pomellato, Dodo and Qeelin brands as the company aims to pool resources. The conglomerate is also regrouping fashion brand reporting, shielding smaller labels from investor scrutiny.
Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.