LVMH is thought to be eyeing New York ready-to-wear brand Proenza Schouler. Preliminary talks about the French luxury group acquiring a 40 percent stake from its parent company Valentino Fashion Group have already been held, according to WWD. LVMH and its competitors have been quick to pick up budding designers into their luxury portfolios. Last...
26 Aug 2014
Canadian outerwear company Canada Goose, best known for its parkas, has sold a majority stake to private equity firm Bain Capital. The company, who's jackets and parkas consists of a technical lining that makes even extreme weather manageable, has since found a niche fashion customer, and its jackets are stocked at some of the world's leading...
11 Dec 2013
TJX Cos, the discount giant, has bought discount internet retailer Sierra Trading Post for 200 million dollars. The acquisition will aid the business launch e-commerce sites for its TJ Maxx, Marshalls, and HomeGoods chains. Privately held Sierra Trading Post was founded in 1999. It has about 700 employees and annual revenue of roughly 200...
2 Jan 2013
Vilebrequin, the luxury swimwear brand, has been bought by G-III Apparel Group Ltd for 85.5 million euros. The new owner plans to add more retail locations throughout the world and further develop the brand's men's accessories and resort-wear offerings, G-III said in a statement. Of the purchase price, 70.5 million euros was paid in cash and 15...
8 Aug 2012
Jean Paul Gaultier has been bought by Spanish cosmetics group Puig, who acquired a majority share. The group, which also owns Nina Ricciand Paco Rabanne, bought the 45% stake from Hermes and around 15% from its eponymous designer Jean Paul Gaultier. Gaultier did not disclose financial terms of the deal. The designer, who founded the company in...
5 May 2011
