In an era where digital threats loom larger than ever, Italian defense firm Leonardo stands poised to expand its foothold in the cybersecurity sector. CEO Roberto Cingolani revealed plans to pursue acquisitions of up to a dozen companies both within Italy and internationally. This strategic move aligns with Leonardo’s ambitious objective of achieving double-digit growth […]
Mulberry Wants to Go It Alone, Rejects Frasers Takeover Bid
Mulberry Group Plc has recently declined a takeover offer from Mike Ashley’s Frasers Group Plc, highlighting its ambition to remain independent and confirming its faith in newly appointed CEO Andrea Baldo to rejuvenate the British handbag brand. This decision marks a pivotal moment not just for Mulberry but for the broader landscape of the luxury […]
Central Group Acquires Swiss Luxury Chain Globus
In a significant move within the retail landscape, Thailand’s Central Group has acquired the prestigious Swiss luxury department store chain, Globus. This deal marks a notable shift in ownership from Rene Benko’s Signa group, which has faced insolvency challenges. The revelation made public on September 30, 2024, signals Central Group’s growing influence in the luxury […]
Wall Street Bets on $8.5 Billion Fashion Deal’s Fate in Trial
The fashion industry stands at a crossroads as Tapestry Inc.’s $8.5 billion merger with Capri Holdings Ltd. faces a critical review by US antitrust regulators. The stakes are high, not only for the companies involved but also for hedge funds and institutional investors heavily invested in the potential outcome. The merging of Tapestry’s brands, including […]
Nvidia's Bold Move: OctoAI Joins the AI Revolution
Nvidia has recently reinforced its position in the artificial intelligence landscape through the acquisition of OctoAI, marking a significant milestone in a series of strategic deals aimed at expanding its AI portfolio. This move comes amidst growing scrutiny from regulatory bodies regarding Nvidia’s increasing influence in the AI sector, especially following four other acquisitions this […]
Euroitalia Acquires Moschino Beauty Brand From Aeffe
In a significant shift within the luxury beauty market, Italian fragrance powerhouse Euroitalia has successfully purchased the beauty rights of the famed Moschino brand from Aeffe for €98 million (approximately $110 million). This acquisition, announced on September 26, 2024, marks a pivotal moment for both parties involved, especially given Aeffe’s ongoing challenges with sales and […]
L Catterton Acquires Latvian Bath and Body Brand Stenders
The landscape of the beauty industry is witnessing significant transformations, and recent news highlights a major shift with the acquisition of Latvian bath and body care company Stenders by private equity firm L Catterton. This strategic move, announced on September 10, 2024, is poised to enhance Stenders’ growth trajectory across various international markets, including Asia, […]