On 24th January, Kering announces the signature of an agreement to sell its entire stake in Sowind Group SA, which owns the Swiss watch manufacturers Girard-Perregaux and Ulysse Nardin, to its current…
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Chanel reported an 18% revenue fall for the year 2020
Luxury fashion house Chanel reported an 18% revenue fall for the year 2020, hurt by the pandemic and consequent lockdowns, affecting its physical retail sales across the globe.…
Kering completes the sale of Puma
Kering announces the completion of the sale following an accelerated book building process to qualified investors only of approximately 5.9% of the share capital of Puma SE for a total amount of appro…
LVMH said to be offloading Pink Shirtmaker
Luxury retailer Pink Shirtmaker is reportedly up for sale, with parent company LVMH looking to offload the corporate menswear brand, as the demand for office wear during the Covid-19 pandemic declines…
Korean Air to sell its catering and duty-free business
Korean Air, Korea’s biggest carrier, said it will sign a deal soon to sell its in-flight catering and duty-free business to a homegrown private equity fund amid the growing impact of the coronav…
Ted Baker to sell London’s headquarters
Ted Baker exchanged contracts with British Airways Pension Trustees Limited in respect of the sale of the entire issued share capital of Big Lobster Limited.…
Tesco sells Malay, Thai business to CP Group
British supermarket chain Tesco agreed to sell all of its stores in Thailand and Malaysia to Thailand’s CP Group entities for an enterprise value of $10.6 billion. …
Korea’s Shilla Duty Free leaps to No. 3 after Lotte in global sales
Two Korean names made the global top three tax-free ranking.…
Patek Philippe may come up for sale
Patek Philippe, the closely held maker of $10,000-plus Calatrava watches, may be coming up for sale.…
French Connection seeks buyer
Shares in French Connection rocketed on Monday following confirmation that the retailer is up for sale.…