On July 11, Italian luxury brand Brunello Cucinelli announced that sales for the first half…
Business News
In-depth guides exploring the structure, strategies, and business dynamics shaping the global fashion and luxury industry. From luxury conglomerates to fashion week economics, this section breaks down complex industry topics into accessible, evergreen analysis.
On July 10, Frasers Group, the UK’s largest sporting goods retailer, announced that it has expanded its investment in German-born fashion brand Hugo Boss.
On July 9, American Exchange Group, a conglomerate of accessories design, manufacturing, wholesale, licensing, and brand-building companies, announced that it had acquired Island Surf Company, a casual footwear brand.
On July 5, French luxury furniture brand Roche Bobois Group announced the acquisition of a 51% stake in Shanghai Rock Castle Furniture, its main franchisee in China.
Arkhouse Partners and Brigade Capital Management have raised their proposed takeover bid for major U.S. department store chain Macy’s Inc. to $6.9 billion.
On July 4, Shiseido, Japan’s leading beauty brand, and Max Mara, the Italian luxury fashion house, reached an agreement for a long-term partnership in the fragrance business.
On July 3, it was announced that HBC, the parent company of U.S. luxury department store Saks, will acquire competitor Neiman Marcus Group for $2.65 billion.
Matches, a British luxury e-commerce site, has announced that it is closing its site permanently at the end of June after a financial collapse.
Virtue Labs, a biotech haircare brand, recently announced that it has signed a distribution agreement with Ulta Beauty, a leading U.S. beauty retailer.
On June 25, California-based online retailer Revolve Group, Inc. announced that it had acquired a majority stake in French luxury couture house Alexandre Vauthier.