The Swiss private equity firm, owner of Borsalino, has hired a new operating partner, Jérôme Macario, a corporate finance specialist who has worked at Kering, with the aim of investing in luxury brands.
The Smiley Company had good news this week and said that last year was strong, despite the weak retail sector. And while full 2018 results are still being prepared, the first nine months suggest a healthy final figure.
Four weeks of anti-government protests that have hit French brick-and-mortar retailers are also taking their toll on online peers during the crucial Christmas shopping season, said France's e-commerce federation, Fevad.
Casino, which is battling to ease investor concerns about its high debt levels, posted stronger-than-expected second-quarter revenue, thanks to accelerating sales in France and Brazil, and predicted solid growth ahead.