With 12,000 stores projected to close in the US by the end of this year, and the apparel and accessories sector expected to suffer particularly heavy casualties, Amazon looks likely to turn the situation in its favor.
Following the announcement earlier this month that the cosmetics company would be exploring its options, Revlon is reportedly planning to approach potential bidders after the Labor Day holiday in September.
Following months of speculation about a possible IPO, Ruyi has announced that it is preparing to list the Lycra Company on China’s newly created Science and Technology Innovation Board as it looks to push growth in Asia.
Colgate-Palmolive said on Thursday it would buy the skin care unit of France’s Laboratoires Filorga Cosmétiques for 1.50 billion euros ($1.69 billion), as the consumer goods company bolsters its personal care business.
J. Crew Group Inc has hired investment banks to prepare for an initial public offering of its Madewell apparel business, as the U.S. clothing chain seeks ways to revive its fortunes, sources said on Thursday.
The long-rumoured sale process for L Catterton ’s R.M. Williams brand could be set to kick off soon with an Australian press report saying that September will see an auction process launching via Goldman Sachs.
R.M. Williams, the quintessentially Australian brand, is believed to be up for sale with a price tag between A$400 million and A$500 million (€247m to €309m). It’s controlled by private equity firm L Catterton Asia.