Deal news and archive

UPDATE: Nike confirms deal with Amazon

London - Nike has laid the rumors to rest and confirmed it is set to partner up with online giant Amazon. The move lays to rest a long-standing standoff between the Amazon and the sportswear retailer and sees the two parties working together to strengthen their brands. Nike's CEO Mark Parker confirmed the partnership on Thursday during a call...

Fashion

3.7bn euros have sealed LVMH’s take over Bulgari

3.7bn euros has been the price agreed between the two luxury giants to share their forces. The Bulgari Family, majority shareholder of the jewellery house, has decided to join forces with the LVMH Group, which will be buying 50.4% of Bulgari, issuing 16.5 million shares in exchange for 152.5 million shares held by the Bulgari family. The French...

Fashion

Menswear’s chain Moss Bros sells Hugo Boss for £16.5m

Moss Bros shares rose 11pc after the retailer sealed a "transformational" £16.5m deal to offload 15 Hugo Boss franchised stores to the German fashion group. Thanks to the deal, just approved by shareholders, will give back to the German brand the 15 Hugo Boss stores the men tailoring franchise was operating in the UK. According to market...