Owner – Page 2 – Beautifaire

2 Sep

Mohammed Al Fayed, Controversial Former Owner of Harrods and

LONDON — Mohamed Al Fayed, the previous owner of Harrods, the Ritz in Paris and Fulham Football Club, died Friday at 94 years old. “Everyone at Fulham was incredibly saddened to learn of the death of our former Owner and Chairman, Mohamed Al Fayed. We owe Mohamed a debt of gratitude for what he did for our Club, and our thoughts now are along with his family and friends at this sombre time,” said Fulham FC in an announcement on social media. The Egyptian tycoon sold the football club in 2013, shortly after parting with Harrods in 2010, ending his 25-year reign at the posh department store by selling the landmark British retailer to Qatar Holding, an investment company linked to the...

0 Comments

27 Mar

Parfums de Marly Owner Is Open to Investors –

by Beautifaire101

Beauty, Featured

Parfums de Marly Owner Is Open to Investors –

PARIS — Parfums de Marly, the fragrance house nodding to 18th-century France, registered a 51 percent rise in retail sales in 2022 to $280 million. Julien Sausset, chief executive officer of Parfums de Marly and Initio Parfums Privés, the 2 fragrance brands under Sprecher Berrier Group of Corporations, said the expansion was driven by some “latest milestones within the U.S., Asia, and latest boutiques opening.” Of Parfums de Marly, which is sold in 1,400 points of sale worldwide, Sausset said: “We’ve been the fastest-moving [niche perfume] brand in U.S. department shops in 2022, with 73 percent growth.” The Americas’ business generated half of Parfums de Marly’s total sales and grew 50 percent versus 2021. The brand’s activity was also bolstered by the performance...

0 Comments

22 Dec

Liu Jo, Blumarine Owner Still Pondering Group IPO

by Beauty Tips

Fashion, Featured

Liu Jo, Blumarine Owner Still Pondering Group IPO

MILAN — An IPO remains to be within the cards for the owner of Liu Jo and Blumarine, EIH Eccellenze Italiane, because the group, which also owns a minority stake in retailer Coin, keeps evaluating market conditions. In an interview with WWD, founder and president of the board Marco Marchi pointed to robust growth for the conglomerate, spurred by customer loyalty to the Liu Jo contemporary brand and the successful creative shift at Blumarine. Hiring Moncler SpA alum Paola Durante as general manager for Liu Jo last June suggested a renewed interest to go public for Marchi, who had originally planned an inventory of Liu Jo in 2018, a project that the entrepreneur has said was postponed due to unfavorable market conditions. The manager...

0 Comments

20 Dec

Revlon Bankruptcy Proposal Would Remove Ron Perelman as Owner

by Beautifaire101

Beauty, Featured

Revlon Bankruptcy Proposal Would Remove Ron Perelman as Owner

Revlon, the troubled 90-year-old Recent York-based beauty company that owns the namesake Revlon, Elizabeth Arden and Almay brands, looks to be near reaching a deal that may see creditors take over the cosmetics company that Ron Perelman has helmed for many years. In line with legal filings, Revlon has entered right into a Chapter 11 restructuring support agreement with two creditor groups that may involve ownership stakes being handed to secured lenders, while existing shareholders, including Perelman, who controlled around 85 percent of the corporate as of earlier this yr, can be left with nothing. The 2 creditor groups are the Consenting BrandCo Lenders, which incorporates Ares Management and Oak Hill Advisors, and the Official Committee of Unsecured Creditors, appointed within...

0 Comments