Latest Articles in Report

Sycamore may take Nordstrom private

New York-based private equity firm Sycamore Partners has set its sights on acquiring U.S. department store group Nordstrom, with plans to take it private. Following discussions held by Nordstrom CEO Erik Nordstrom and President Pete Nordstrom with the chain's board last month, the company confirmed its exploration of the possibility of...

Report

Tod's to be delisted after successful takeover bid by fund associated with LVMH

Milan - The friendly takeover bid for Tod's launched by L Catterton, an investment fund associated with LVMH, has exceeded the threshold of 90 percent of the capital, which will allow the Italian luxury shoe maker to be delisted from the Milan Stock Exchange, according to results published on Friday. "Tod's shares will be automatically withdrawn...

Report

Puig IPO raises €2.6 Billion Euros

Europe’s biggest IPO of 2024 saw Spanish conglomerate Puig exceed its share price of 24.50 euros to 25.50 euros on Friday, resulting in a market capitalisation of 13.9 billion euros after it sold 106.5 million shares. The funds raised, some 2.6 billion euros, will allow the fragrance and fashion group to make further acquisitions and reduce its...

Report

OTB appoints Stefano Rosso as Marni’s new CEO

The OTB Group has announced the appointment of Stefano Rosso as Marni’s new CEO. The company said Rosso replaces Barbara Calò, who will support him during the transitional period. Rosso will report to OTB Group CEO, Ubaldo Minelli. “Stefano will have the important responsibility of fast-tracking Marni’s positioning on the luxury market and the...

Report

New Era Cap names Dao-Yi Chow as creative director

New Era Cap has announced the appointment of American fashion designer Dao-Yi Chow to vice president and creative director for the brand. As a part of his new role, the company said that Chow will oversee the creation and development of the brand’s first namesake apparel line called Brand New Era. With the unveiling of Brand New Era, set for...

Report

Wolford appoints Regis Rimbert as member of the management board

Regis Rimbert has been appointed by the supervisory board of Wolford AG as a member of the executive board for one year with effect from May 6, 2023. The company said in a statement that as chief transformation officer, Rimbert will support and drive forward the further transformation of the company. Wolford, founded in 1950 in Bregenz, Austria...

Report

Ryan Reynolds becomes lead investor for NFL licensor Homage

Sports and licensed apparel company Homage has announced a strategic investment of growth capital from Maximum Effort Investments LLC, an investment advisory firm co-founded by Ryan Reynolds that will serve as the lead investor for this round of funding. Homage said that it intends to use the investment capital to expand its production capacity,...

Report

ThredUp appoints new GM for Europe amid expansion

ThredUp has announced the appointment of Florin Filote as the general manager of its European business, a move that comes amid an ongoing expansion in the region for the resale platform. In the position, Filote has been tasked with leading ThredUp’s European operations, which currently covers nine countries in Central and Eastern Europe. He...

Report

Bruno Pedroso de Almeida to head Authentic Brazil

Authentic has announced the appointment of Bruno Pedroso de Almeida as vice president, head of Brazil. In his new role, the company said in a release, Pedroso de Almeida, based in São Paulo, will spearhead and drive the execution of the brand’s go-to-market strategies throughout the region, accelerating growth and expanding Authentic's footprint...

Report

Joseph Ribkoff secures fresh funding from Novacap and other investors

Women's fashion brand Joseph Ribkoff has announced a new round of investment from long term investors Novacap and Fonds de Solidarité FTQ, and from new investor DNA Partners. The company said in a statement that under the leadership of Emmanuel Amzallag, who was appointed as CEO in early 2023, Joseph Ribkoff has embarked on significant...

Report

Etsy posts marginal revenue growth in Q1

Online marketplace Etsy reported consolidated revenue was 646 million dollars, up 0.8 percent versus the first quarter of 2023 driven by growth in payments revenue, transaction fee revenue from offsite ads and Etsy ads. Consolidated GMS was 3 billion dollars, down 3.7 percent and down 4.1 percent on a currency-neutral basis. Etsy marketplace GMS...

Report

Hanna Andersson appoints former Gap executive Grace Wong

Premium children’s apparel brand Hanna Andersson has named former marketing executive for Apple's Beats by Dr. Dre and the Gap, Grace Wong, as its new chief brand officer to evolve its brand strategy. Wong, who has more than 20 years of strategic brand-building experience, served as vice president of global marketing across all Gap brands and...