Saks Is Exploring Options for Bergdorf Goodman, WWD Reports Saks Fifth Avenue is in the spotlight once again, this time for its strategic move towards exploring options for its iconic luxury department store, Bergdorf Goodman. According to a recent report by WWD, the company is considering selling a minority stake in Bergdorf Goodman, a decision […]
Natura Reaches Deal to Sell Avon’s Central American Operations
Natura Reaches Deal to Sell Avon’s Central American Operations In a strategic move to streamline its operations and focus on core markets, Brazilian beauty powerhouse Natura has recently announced a significant deal. The company has agreed to sell Avon’s Central American operations to Grupo PDC, a consumer goods company, for a substantial sum of $22 […]
Nudestix Acquired by Undisclosed US Firm
Nudestix Acquired by Undisclosed US Firm In a strategic move shrouded in mystery, Canadian makeup label Nudestix has been acquired by an undisclosed US firm. While the new owner remains unnamed, the implications of this acquisition are already sparking curiosity and excitement within the beauty industry. Nudestix, known for its innovative approach to makeup and […]
Sonoma Brands Invests in British Beauty Distributor Discovered Brands
Sonoma Brands Makes Strategic Investment in British Beauty Distributor Discovered Brands Sonoma Brands, the American private equity firm, has recently made a significant move in the beauty industry by announcing a minority investment of approximately $15 million in Discovered Brands, a London-based distributor. This strategic investment showcases Sonoma Brands’ commitment to the beauty sector and […]
Indie Skincare Brand Bubble Hires Investment Bank
Bubble Skincare Taps Investment Bank to Accelerate Growth Bubble Skincare, the indie brand renowned for its affordable yet effective products such as the Slam Dunk Moisturizer and Soft Launch Cleanser, is gearing up for a major expansion. Founder Shai Eisenman recently revealed that the company has enlisted the expertise of investment bank Centerview to explore […]
Kohl’s Jumps on Outlook Boost in Sign of Consumer Resilience
Kohl’s Jumps on Outlook Boost in Sign of Consumer Resilience Kohl’s Corporation, the American department store retail chain, has recently experienced a significant upturn in its outlook, signaling a positive shift in consumer resilience. This boost comes on the heels of a report by Bloomberg, indicating that the retailer had sought an extension from its […]
JD Sports’ Quarterly Sales Fall on Weak UK but US Shows Improvement
JD Sports’ Quarterly Sales Fall on Weak UK but US Shows Improvement JD Sports, a prominent sports-fashion retail company, has recently reported a steeper decline in second-quarter underlying sales, primarily in the UK. This downturn in the UK market has raised concerns among investors and analysts, pointing towards potential challenges in the region’s retail sector. […]
Amer Sports Falls as Premium Outerwear Brand Arc’teryx Slows
Amer Sports Falls as Premium Outerwear Brand Arc’teryx Slows Amer Sports, the Finnish sporting goods conglomerate, recently faced a setback as its premium outerwear brand Arc’teryx experienced a slowdown in sales. Despite this challenge, Amer Sports remains optimistic about the future and has even raised its full-year outlook for the second time this year. Arc’teryx, […]
Hoka-Parent Deckers Beats Quarterly Estimates Boosted by Demand in Europe, China
Hoka-Parent Deckers Beats Quarterly Estimates Boosted by Demand in Europe, China Deckers, the parent company of popular shoe brand Hoka, has recently announced impressive quarterly results that have surpassed market estimates. This success has been largely attributed to the growing demand for their products in Europe and China. In recent years, Deckers has strategically focused […]
E-Commerce Firm Jumia Draws Takeover Interest From Axian
E-Commerce Giant Jumia Attracts Acquisition Attention from Axian The e-commerce landscape in Africa is heating up as reports surface of a potential acquisition deal between the continent’s largest e-commerce platform, Jumia, and telecommunications company Axian. This move could signify a significant shift in the e-commerce sector in Africa and pave the way for both companies […]