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.
investing
Financial Markets
Permira Said to Double Returns as It Exits Stake in Hugo Boss
Buyout firm Permira Advisers is set to make about twice its original investment in Hugo Boss AG as it sells its remaining stake in the German retailer.
Permira Said to Double Returns as It Exits Stake in Hugo Boss
Buyout firm Permira Advisers is set to make about twice its original investment in Hugo Boss AG as it sells its remaining stake in the German retailer.
Technology
Bits & Bytes | Apple Watch, Zalando, Amazon, Memebox
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Bits & Bytes | Apple Watch, Zalando, Amazon, Memebox
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Financial Markets
Yahoo to Spin Off Alibaba Stake
Yahoo! Inc. announced a tax-free spinoff of its stake in Alibaba Group Holding Ltd., seeking to maximize the return of cash to shareholders and triggering a 10 percent jump in the Web portal’s shares.
Yahoo to Spin Off Alibaba Stake
Yahoo! Inc. announced a tax-free spinoff of its stake in Alibaba Group Holding Ltd., seeking to maximize the return of cash to shareholders and triggering a 10 percent jump in the Web portal’s shares.
Global Markets
At Kering, Turmoil and Soft Profits
The hottest trend at France’s second-biggest luxury group this season: Executive departures as the owner tightens the reins. Asset sales may be next on the runway.
At Kering, Turmoil and Soft Profits
The hottest trend at France’s second-biggest luxury group this season: Executive departures as the owner tightens the reins. Asset sales may be next on the runway.
Financial Markets
6 Emerging Fashion Brands Worth Investing In
In the last two years, emerging fashion brands like Christopher Kane, Altuzarra, JW Anderson, Nicholas Kirkwood and Roksanda have attracted a flurry of investment. Who’s next? BoF identifies the young fashion labels we would bet on, based on their commercial and creative potential.
6 Emerging Fashion Brands Worth Investing In
In the last two years, emerging fashion brands like Christopher Kane, Altuzarra, JW Anderson, Nicholas Kirkwood and Roksanda have attracted a flurry of investment. Who’s next? BoF identifies the young fashion labels we would bet on, based on their commercial and creative potential.
Financial Markets
Permira Reviving Talks for Stake in Roberto Cavalli?
Permira Advisers LLP has approached Roberto Cavalli SpA about a possible acquisition of a stake in the Italian fashion house, two people familiar with the matter said.
Permira Reviving Talks for Stake in Roberto Cavalli?
Permira Advisers LLP has approached Roberto Cavalli SpA about a possible acquisition of a stake in the Italian fashion house, two people familiar with the matter said.
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.