PVH to buy Gazal Corp


PVH to buy Gazal Corp. [M&A] PVH Corp, the parent company of Calvin Klein and Tommy Hilfiger among others, is buying its licensing partner in Australia, Gazal Corp, for AU$124 million (approx. €77.58 million). The deal, which still needs to be approved, will see PVH acquire the remaining 78 percent of Gazal

David Jones Plunging profits


David Jones Plunging profits. [Retail & Commerce] Things continue to get worse for Australian department store David Jones. The store, which has been owned by South Africa's Woolworths Holdings since 2014, saw profits fall nearly 30 percent in the six months ended December 23, 2018 to AU$47 million (approx. €29.4 million).

Record results for LVMH in 2018


LVMH - Moët Hennessy Louis Vuitton LVMH FY 10% increase revenue for 2018 A good day for the Arnaults. LVMH Moët Hennessy Louis Vuitton recorded revenue of €46.8 billion in 2018, an increase of 10% over the previous year. Organic revenue growth was 11%. “All business groups recorded excellent performances. Profit from recurring

Kering financial audit and Tax investigation


Financial audit report Kering financial audit and Tax investigation   As part of the 2017 tax investigation in Milan, Kering announces that an audit team of the Italian tax authorities has finalized a tax audit and submitted a report today according to which Luxury Goods International (LGI), a Swiss subsidiary of Kering, allegedly

LVMH Luxury Ventures investment in Gabriela Hearst


Gabriela Hearst Announces Investment from LVMH Luxury Ventures LVMH Luxury Ventures investment Press release NEW YORK, NEW YORK, January 14, 2019   LVMH Takes Minority Stake in Gabriela Hearst Gabriela Hearst LLC today announced that it has received a minority investment from LVMH Luxury Ventures, an entity within LVMH focused on investments in iconic brands. Terms of

LVMH acquires the Belmond group


[M&A] The luxury group LVMH announced on Friday that it has reached an agreement to acquire the Belmond group, a luxury hotel operator based in London and listed in New York, confirming information from the Wall Street Journal.   LVMH's offer to purchase is $ 25 per Belmond share in cash, valuing

Mode media stops its business [FR]


Mode media (ex Glam media) stoppe ses activités. La mort d'une licorne. Tout est loin d'être glamour dans le domaine de la mode et de la fashion industrie. Le branle-bas de combat initié  par le groupe Condé Nast dans le cadre d'une convention baptisée Vogue Fashion Festival en est la preuve.

L’Oréal acquiert IT Cosmetics pour 1,2 milliards de dollars


[Fusion-acquisition] Le 22 juillet dernier, Le groupe de cosmétiques L'Oréal a annoncé avoir acquis IT Cosmetics, l'une des marques américaines sélectives de beauté qui connaît la plus forte croissance du secteur, pour un montant en numéraire de 1,2 milliards de dollars US. Fondée par Jamie Kern Lima et Paulo Lima