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.
mergers-acquisitions
Retail
Barneys Plots a Bigger Comeback Thanks to Neiman-Saks Deal
The plan hinges on the pending $2.65 billion acquisition of Neiman Marcus Group by the owner of Saks.
Barneys Plots a Bigger Comeback Thanks to Neiman-Saks Deal
The plan hinges on the pending $2.65 billion acquisition of Neiman Marcus Group by the owner of Saks.
Retail
Can Saks, Neiman Marcus and Amazon Save the American Department Store?
A $2.65 billion merger of two of America’s largest department stores, with involvement from Amazon and Salesforce, is a bet that scale and technology can breathe new life into an ailing business model.
Can Saks, Neiman Marcus and Amazon Save the American Department Store?
A $2.65 billion merger of two of America’s largest department stores, with involvement from Amazon and Salesforce, is a bet that scale and technology can breathe new life into an ailing business model.
Beauty
Patrick Starrr’s One/Size and IGK Hair Explore Exit Options
Beauty brand incubator Luxury Brand Partners, owner of the premium cosmetics and hair care lines, has tapped The Sage Group to suss out their options. By getting to this stage, they’ve reached a tier many incubated brands don’t.
Patrick Starrr’s One/Size and IGK Hair Explore Exit Options
Beauty brand incubator Luxury Brand Partners, owner of the premium cosmetics and hair care lines, has tapped The Sage Group to suss out their options. By getting to this stage, they’ve reached a tier many incubated brands don’t.
Retail
Why Revolve Is Buying Paris Couture House Alexandre Vauthier
The US e-tailer, a long-time stockist of Vauthier, is acquiring the label out of administration with plans to boost merchandising and e-commerce, BoF can exclusively reveal.
Why Revolve Is Buying Paris Couture House Alexandre Vauthier
The US e-tailer, a long-time stockist of Vauthier, is acquiring the label out of administration with plans to boost merchandising and e-commerce, BoF can exclusively reveal.
Beauty
Who Is Going to Buy All These Makeup Brands?
This week, the founder and creative director introduced her foray into colour cosmetics with Pocket Blush, an adorable stick formula, that trades on her most used beauty product.
Who Is Going to Buy All These Makeup Brands?
This week, the founder and creative director introduced her foray into colour cosmetics with Pocket Blush, an adorable stick formula, that trades on her most used beauty product.
Direct-to-Consumer
How to Save a DTC Brand Without Crushing Its Soul
The past year has seen a stream of last-minute rescue deals for once-hot start-ups. Acquirers of formerly distressed brands weigh in on how to improve operations and retain what made them special in the first place.
How to Save a DTC Brand Without Crushing Its Soul
The past year has seen a stream of last-minute rescue deals for once-hot start-ups. Acquirers of formerly distressed brands weigh in on how to improve operations and retain what made them special in the first place.
Luxury
All Eyes on Mytheresa
Mytheresa on Wednesday reported another quarter of standout growth in an otherwise dreary luxury e-commerce sector amid reports that the German e-tailer is considering going private and acquiring Net-a-Porter.
All Eyes on Mytheresa
Mytheresa on Wednesday reported another quarter of standout growth in an otherwise dreary luxury e-commerce sector amid reports that the German e-tailer is considering going private and acquiring Net-a-Porter.
Beauty
Beautycounter Will Not Return Until Late 2024
According to an email viewed by The Business of Beauty, the company will be on hiatus while it establishes a sustainable path to return as a new company.
Beautycounter Will Not Return Until Late 2024
According to an email viewed by The Business of Beauty, the company will be on hiatus while it establishes a sustainable path to return as a new company.
Luxury
This Week, Tapestry Takes on the FTC; Politics Threaten to Intrude on the Met Gala
The Coach owner’s results will provide another opportunity to stick up for its acquisition of rival Capri. And the Met Gala will do its best to ignore the TikTok ban and labour strife at Conde Nast.
This Week, Tapestry Takes on the FTC; Politics Threaten to Intrude on the Met Gala
The Coach owner’s results will provide another opportunity to stick up for its acquisition of rival Capri. And the Met Gala will do its best to ignore the TikTok ban and labour strife at Conde Nast.
Beauty
L’Occitane Is Going Private. Here’s Why.
Going public is usually a pivotal moment in a company’s history, cementing its heavyweight status and setting it up for expansion. In L’Occitane’s case, delisting might be a bigger conduit for growth.
L’Occitane Is Going Private. Here’s Why.
Going public is usually a pivotal moment in a company’s history, cementing its heavyweight status and setting it up for expansion. In L’Occitane’s case, delisting might be a bigger conduit for growth.
Entrepreneurship
JW Pei’s Bags Are a Hit With Celebrities. Can They Catch on With Everyone Else?
The Los Angeles-based accessories label has been a well-kept secret in the industry, but founders Yang Pei and Stephanie Li are hoping to change that through new acquisitions, opening brick-and-mortar stores and using AI to speed up the design and production process.
JW Pei’s Bags Are a Hit With Celebrities. Can They Catch on With Everyone Else?
The Los Angeles-based accessories label has been a well-kept secret in the industry, but founders Yang Pei and Stephanie Li are hoping to change that through new acquisitions, opening brick-and-mortar stores and using AI to speed up the design and production process.
Luxury
Op-Ed | Tapestry-Capri and Pricey Purses Are the Wrong Targets for Trustbusters
Consumers face less, not more, choice if handbag brands can't scale up to compete with LVMH, argues Andrea Felsted.
Op-Ed | Tapestry-Capri and Pricey Purses Are the Wrong Targets for Trustbusters
Consumers face less, not more, choice if handbag brands can't scale up to compete with LVMH, argues Andrea Felsted.
The News in Brief
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.
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
AII Launches Industry-First Tool Standardising Measurement of Carbon Emissions
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.