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Gucci is putting its name on a race car – and everything that implies
There is a particular kind of announcement that looks, on the surface, like a PR move, but is actually a strategic declaration. Gucci becoming title partner to the Alpine Formula 1 team from 2027 is that sort of announcement. Read it quickly and you get: fashion brand joins motorsport, team gets new colours, Flavio Briatore…
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Pinault family office Artémis exits Giambattista Valli as designer regains full control
Artémis, the private investment vehicle of the billionaire Pinault family, agreed to sell its majority stake in Giambattista Valli back to the eponymous Italian designer, according to a report by WWD. The sale marks the end of an eight year ownership chapter that began as a minority investment and culminated in a quietly run auction…
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Oaktree and Ares-backed WHP Global strikes deal to acquire Marc Jacobs from LVMH
WHP Global has entered into a definitive agreement to acquire the Marc Jacobs brand from LVMH Moët Hennessy Louis Vuitton. The deal ends nearly three decades of ownership by the French luxury group. WHP, a brand management platform, counts Oaktree Capital Management and Ares Management among its principal backers. The transaction marks one of the…
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L Catterton exits Everlane at $100m in Shein sale, a sharp reset for a one-time DTC darling
L Catterton has sold Everlane, the US apparel brand it majority-owned, to Chinese e-commerce group Shein at a valuation of approximately $100m, according to reports by Puck and The Information. The transaction marks a steep discount to the valuations Everlane commanded during the height of the direct-to-consumer e-commerce boom and underscores the brutal reset that…
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1686 Partners bets $200m on the brands defining how the next generation lives
Luxembourg-based 1686 Partners closed its debut Lifestyle Fund at $200m, targeting founder-led brands at the intersection of fashion, beauty, and creator culture across Europe, North America, and Asia Luxembourg-based 1686 Partners has held the final close of its Lifestyle Fund at $200m, drawing capital from a diverse base of international investors spanning entrepreneurial families, strategic…
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JPMorgan structures $5.9bn financing for Estée Lauder’s potential Puig deal
JPMorgan is structuring a $5.9bn financing package for Estée Lauder, as the cosmetics group advances discussions over a potential tie-up with Puig Brands, the Expansión reported. The bank is coordinating talks with lenders to assemble funding for a cash-and-stock transaction, which could underpin one of the largest deals in the global beauty sector. The proposed…
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General Atlantic set for exit as Tory Burch lines up $700m leveraged loan
General Atlantic is set to exit its long-standing investment in Tory Burch, as the luxury retailer moves to repurchase the private equity firm’s stake through a $700m leveraged loan, Bloomberg reports. The transaction will see approximately $346m allocated to buying out General Atlantic’s interest, marking the end of a partnership that dates back to 2012. …
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Advent exits OLAPLEX in $1.4bn sale to Henkel as premium beauty M&A accelerates
Advent has agreed to sell OLAPLEX to Henkel in a transaction valued at $1.4bn, as the private equity firm exits the premium hair care brand amid continued consolidation in the beauty sector. The deal, which has been approved by OLAPLEX’s board, will see Henkel acquire 100% of the company, marking a strategic expansion of its…
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Advent expands beauty portfolio with $165m Salt & Stone deal
Advent has agreed to acquire a majority stake in Salt & Stone, as the private equity firm expands its exposure to high-growth premium beauty and wellness brands. The Los Angeles-based body care company generates more than $165m in revenue and has delivered double-digit growth across all channels in 2025, positioning it as one of the…
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Missoni family passes baton as FSI takes control of €130m fashion house
FSI has become the controlling shareholder of Missoni, increasing its stake in the Italian fashion group rather than pursuing a sale to international buyers, according to Italian daily Il Sole 24 Ore. The transaction preserves domestic ownership of the brand, which has been a symbol of Italian luxury since 1953. FSI will partner with the Fassin and Bachmueller…