On May 28, U.S.-based beauty company e.l.f. Beauty announced that it will acquire rhode, the skincare brand founded by Hailey Bieber, in a deal valued at approximately $1 billion.
Tag: corporate acquisition
On October 13, the major shareholder of the British luxury brand Mulberry, operated by the Mulberry Group, issued a statement declaring that it has no intention of selling its shares in response to Frasers Group’s takeover proposal.
Frasers Group, led by Mike Ashley, has acquired the popular British fashion brand Ted Baker and is looking to steer it as a new partner.
On December 18, luxury e-commerce platform Farfetch, which was on the verge of bankruptcy, was reportedly being acquired by South Korean e-commerce giant Coupang for $500 million.