Kering Buys 30% Stake in Valentino, Signaling Latest Strategy

31 Jul

PARIS — Kering said on Thursday it has bought a 30 percent stake in Valentino for 1.7 billion euros in money as a part of a broader strategic partnership with Qatari investment fund Mayhoola, because it seeks to chart a course for growth during a transitional yr for its star brand Gucci. The acquisition, which got here every week after a significant management reshuffle, overshadowed a weak performance within the second quarter that saw Gucci miss market expectations because it adapts to a recent corporate and inventive leadership following the exit of longtime chief executive officer Marco Bizzarri and inventive director Alessandro Michele. Kering has an choice to buy one hundred pc of Valentino’s capital by 2028, while Mayhoola could turn into...

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7 Jul

A ton of luxury beauty items are marked down

by Beauty Tips

Makeup, Featured

Calling all beauty lovers! With discounts of as much as 50%, a ton of luxury beauty products can be found at incredible prices at Nordstrom Rack immediately. Keep scrolling for the eight items we’re definitely picking up, starting from fan favorites to underrated finds. 1. NARS Blush, $21.97 (Orig. $32) Credit: Nordstrom Rack Buy Now It’s just the foundations: When the long-lasting NARS blush is on sale, it's essential to make the most. Every shade of the advantageous micronized powder has subtle pink undertones to provide a natural look that emphasizes all the perfect parts of your complexion. Discounted hues include the fuchsia Aroused and brilliant pink Coeur Battant, each of which may...

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12 May

Bluestar Buys Scotch & Soda’s U.S. Operations

by Beauty Tips

Fashion, Featured

The brand new Scotch & Soda is coming into focus — with brand management firm Bluestar Alliance consolidating its ownership of what’s turn out to be a more streamlined operation. Along the best way, nearly 20 stores have closed within the U.S. Bluestar, which acquired the brand out of bankruptcy within the Netherlands last month, prolonged that position on Thursday by buying the Scotch & Soda USA wholesale and retail assets. Ralph Gindi, Bluestar’s chief operating officer, told WWD that the U.S. business went through its own restructuring and that his company was picking up a fleet of greater than 30 stores. “We’re taking all of the stores that I might say fit the brand and are profitable and make sense in the long...

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4 Apr

Chinese Company Buys Cerruti 1881 and Kent & Curwen

by Beauty Tips

Fashion, Featured

LONDON – Guangzhou-based fashion company Biem.L.Fdlkk Garment has purchased the worldwide trademark rights of Cerruti 1881 and Kent & Curwen, two brands whose owners have included Trinity Ltd. and Shandong Ruyi. The Chinese firm said it paid the equivalent of $62.18 million for the worldwide trademark rights of Cerruti 1881, and $41.45 million for the worldwide trademark of Kent & Curwen. The 2 brands were once owned by Trinity Ltd., as was Gieves & Hawkes, which was sold to Frasers Group last November. Trinity Ltd. was sold in 2017 by its owner, the Hong Kong-based sourcing giant Fung Group, to the now debt-laden Chinese fashion manufacturing giant Shandong Ruyi Technology Group. As reported, Cerruti 1881 fell victim to cuts because the Chinese owners struggled to...

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