Estée Lauder Companies Won’t Sell Too Faced, Smashbox and Dr. Jart
sourab26 After exploring a sale process for the three lines, the conglomerate has decided to hold on to the brands with significantly streamlined teams. Source link
mergers-acquisitions
Estée Lauder Boosts Cost of Restructuring Moves to $1.75 Billion
The US conglomerate forecasts restructuring costs of $1.75 billion, up from $1.55 billion previously, owing to job cuts and workforce reductions in addition to other expenses. Source link
Report: Boots Entertains $10 Billion Sale Amid IPO Talks
In a Boots store dedicated to beauty in London’s Battersea Power Station development, consumers can undergo red-light skin therapy, have their scalps checked and shop for in-demand brands such as…
The Independents Acquires Production Firm Phantasm Group
The latest in The Independents’ agency acquisition spree, the Paris-based firm will bring its film and campaign production capabilities to the group at a time when entertainment is an increasingly…
Alo Yoga Primed for IPO After Sale of Its T-Shirt Business
The sale of Bella+Canvas, which has not closed yet, would give founders Danny Harris and Marco DeGeorge more flexibility and options for the Lululemon challenger. Source link
Vox Media Acquired by Penske Media Corporation
The WWD and BeautyInc publisher has also created a new subsidiary, named PMX, to combine its publishing portfolio, comprising 25 titles. Source link
L’Oréal to Acquire Majority Stake in India’s Innovist
The French cosmetics group will acquire a majority stake in India’s Innovist as it looks to step up its share of one of the world’s fastest-growing markets. Source link
Mike Ashley’s Frasers Follows Hugo Boss Bid With Offer for Accent Group
In his second takeover bid in a week, retailer billionaire Ashley has offered to purchase the remainder of Frasers’ stake in an Australian footwear business for $223 million. Source link
Ashley’s Frasers Offers to Buy Hugo Boss in $3.1 Billion Deal
Frasers Group Plc offered to buy Hugo Boss AG in a deal valuing the German fashion brand at about €2.7 billion ($3.1 billion), as billionaire Mike Ashley seeks to add…
Report: Boots Owner in Talks on Possible $10 Billion Sale
The owner of Boots is talking to parties including the billionaire Weston family and Australian pharmacy group Sigma Healthcare Ltd. about a $10 billion sale of the UK health and…