TJ Maxx owner gains mideast access with Brands for Less stake
By Bloomberg Published Aug 22, 2024 The owner of T.J. Maxx has acquired a 35% stake in Dubai-based Brands for Less for $360 million, giving the US discount retailer access …
Cos
Don’t count on the ‘Lipstick Index’ for the next recession
By Bloomberg Published Aug 9, 2024 When the economy takes a turn for the worse, consumers choose affordable treats such as cosmetics. That’s been the wisdom since the 2001 recession, when …
Loewe is back as world’s hottest label, On grows fast
LVMH’s results may not have set the world alight in the latest quarter but there was one piece of good news on Wednesday for April to June — the latest …
Skincare brand Augustinus Bader sees sales growth of up to 40%
By Bloomberg Published Jun 21, 2024 Augustinus Bader, the skincare label co-founded by a former BTG Pactual banker, is on track to grow by as much as 40% this year …
Bruce Nordstrom, heir who expanded apparel chain, dies at 90
By Bloomberg Published May 20, 2024 Bruce Nordstrom, who as head of Nordstrom Inc. for four decades helped transform the family-run company from a regional shoe seller into one of …
Estée Lauder cuts revenue outlook as challenges in China persist
By Bloomberg Published May 1, 2024 Estée Lauder Cos. lowered its revenue outlook for the remainder of the year as the company faces lackluster demand for its high-end products in …
Billionaire Geiger is said to near $7 billion L’Occitane buyout
By Bloomberg Published Apr 29, 2024 L’Occitane International SA’s billionaire owner Reinold Geiger is close to making an offer to take the skin-care company private, according to people familiar with …
Charlotte Tilbury’s owners bet we haven’t reached peak beauty
By Bloomberg Published Apr 9, 2024 Puig Brands SA is betting on the Fragrance Index for its multibillion-euro initial public offering. But the owner of Charlotte Tilbury, Jean Paul Gaultier and …
Saks Fifth Avenue flagship appraised at $3.6 billion as it renews Neiman push
By Bloomberg Published Mar 29, 2024 The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman …
COS stages major SS24 runway show in historic Rome venue
COS has just staged a major fashion show in Rome with the H&M Group-owned, London-based brand returning to the runway for its first-ever event in the Italian capital. COS Featuring …