It was a deal that rocked the fashion and beauty worlds. Late Sunday night, Kering announced its agreement to sell its entire beauty unit — including Creed and all of the group’s cosmetics and fragrance licences — to L’Oréal for $4.6 billion, just two years after the division’s formation, in another big decision by fast-moving…
Amazon billionaire Jeff Bezos has been weighing a possible acquisition of CNBC, The Post has learned. The 61-year-old e-commerce magnate has signaled interest to business associates in buying the cable network — home to “Squawk Box” and “Mad Money with Jim Cramer” — after it is spun off by NBCUniversal parent Comcast later this year,…
PARIS – Norwegian luggage firm Db, which attracted an investment from LVMH Luxury Ventures Fund last December, has brought on two more minority investors with bold-faced names as it charts further global expansion. Football star Erling Braut Haaland, a striker for Premier League club Manchester City, and salmon heir and fashion model Gustav Magnar Witzøe,…
Stock market jitters, recession fears and President Donald Trump’s mercurial trade policy are often cited as reasons to hold off on making any big decisions. And yet the fashion and beauty industries’ deal sheets keep getting longer. Since Trump announced his tariff policy in April, there have been five major acquisitions, from Prada Group’s $1.4…
E.l.f announced Wednesday it will acquire Hailey Bieber’s Rhode for $1 billion, in a blockbuster deal that brings Gen-Z’s buzziest brand into the fold of the industry’s most disruptive conglomerate. Since it was founded in 2022, Rhode has quickly become the darling of the global beauty market, celebrated for its high-tech yet accessible skincare formulas…