On July 15th, Swatch Group, which owns Harry Winston, released its financial report for the first half of 2024, showcasing significant decreases in revenue and profits.
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On July 17th, EssilorLuxottica, a global leader in the eyewear industry, announced that it has entered into a definitive agreement to acquire the fashion brand Supreme from VF Corporation for $1.5 billion.
On July 11, Italian luxury brand Brunello Cucinelli announced that sales for the first half…
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 9, Inditex, the parent company of ZARA, announced that it has acquired a…
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.