Style Capital Exits LuisaViaRoma: Sources
MILAN – Style Capital is exiting luxury retailer LuisaViaRoma after four years, WWD has learned. Sources said that current chief executive officer Tommaso Maria Andorlini is acquiring the…
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M&A
Givaudan Finalizes Belle Aire Creations Acquisition
PARIS – Givaudan has finalized its acquisition of Belle Aire Creations, a U.S.-based full-service fragrance manufacturer. Terms of the deal were not disclosed, but Belle Aire Creation’s…
Natura to Sell Avon CARD, Explores Options for Avon International
PARIS — Natura Cosméticos has entered into a binding agreement with Grupo PDC, a consumer goods company, to sell the Avon business located in Guatemala, Nicaragua, Panama, Honduras, El…
As Smaller Home Players Struggle Amid Tariffs, a New Wave of Consolidation Brews
MILAN — Smaller furnishings, decor and lighting companies that persevered through the financial crisis of 2008 and the post-COVID-19 pandemic downturn may not be able to go it alone now…
Fendi Terminates Fendi Casa License Agreement with Flos B&B Italia, Returns to Luxury Living Group
MILAN – Milan-based Luxury Living Group said Fendi, which originally terminated its agreement with Luxury Living Group in 2021, has returned and signed an agreement for the production of…
Givaudan to Acquire Brazilian Fragrance Supplier Vollmens
PARIS – Givaudan is acquiring a majority stake in Vollmens Fragrance Ltdas, a supplier based in Brazil. Financial terms of the deal were not disclosed. However, Givaudan, a Swiss fragrance…
Luxury Footwear Brand Moreschi Acquired by Fellow Italian Label and British Fund
Storied Italian luxury footwear brand Moreschi has found a pair of white knights. Glam Srl, the company behind the Superglamourous shoe brand, and its investor, the London-based Imerman…
EXCLUSIVE: More Executive Changes for Flos B&B Group as Arclinea Family CEO Steps Down
MILAN — Italian luxury design conglomerate Flos B&B Italia Group, which is said to be in the throes of a major phase of restructuring, on Wednesday saw its third major executive change in…
SKP Beijing to Sell 42 to 45 Percent Stake to Boyu Capital
SKP Beijing, China‘s top-grossing luxury department store operator, is slated to sell around 42 to 45 percent of the company to Boyu Capital, according to a notice posted on the Beijing…
Italian Sustainable Shoe Brand and Consultancy ACBC Sells Majority Stake to Swiss Fund
MILAN — Italian sustainable shoe brand and consultancy ACBC — known for its modular sneakers engineered with a zipper system that ties together the sole to several variants of the upper…
Natura &Co. Is in Talks with IG4 Capital for Possible Sale of Avon Outside Latin America
PARIS – Natura &Co. is holding negotiations with IG4 Capital for the potential sale of Avon’s operations outside of Latin America. The Brazilian beauty giant published a securities filing…