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Huda Beauty reclaims independence as Mona Kattan and General Atlantic take over KAYALI
Huda Beauty is redefining its future with the sale of its fragrance brand, KAYALI, to co-founder Mona Kattan and private equity firm General Atlantic. This strategic move paves the way for Huda Beauty to regain full founder ownership, marking a rare milestone in the beauty industry. Founded in 2018 by Mona Kattan under the Huda…
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Steve Madden expands global portfolio with £289m Kurt Geiger acquisition
Steve Madden has announced its acquisition of UK-based footwear and accessories brand Kurt Geiger in a deal valued at approximately £289m. The transaction sees the US fashion powerhouse acquire the British brand from private equity firm Cinven, as it looks to strengthen its international presence and expand its portfolio of accessories. The acquisition brings Kurt Geiger…
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All eyes on Versace: Gucci Ex-CEO joins high-stakes bid for iconic fashion house
Former Gucci CEO Marco Bizzarri is reportedly pursuing an acquisition of Versace through his investment firm, Nessifashion. The $6bn sale of the iconic Italian brand, owned by Capri Holdings, has attracted high-profile bidders, including Prada Group, Investcorp, and private equity firm Permira. Barclays, which is managing the process, expects final bids in February 2025. Bizzarri’s…
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Golden Goose gains strategic investment from Blue Pool Capital
Golden Goose, the Italian luxury sneakers and apparel brand, has secured a 12% minority investment from Blue Pool Capital, a Hong Kong-based investment firm. The deal, completed after Golden Goose postponed its planned IPO in June 2024, allows Permira to maintain its majority ownership. CEO Silvio Campara welcomed Blue Pool as a strategic partner, highlighting…
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HongShan Capital nears $1.1bn acquisition of iconic audio brand Marshall
HongShan Capital Group, the private equity firm previously known as Sequoia China, is in advanced talks to acquire Marshall Group, the iconic audio equipment maker, for $1.1bn. The Stockholm-based company is famous for its guitar amplifiers, used by legendary musicians such as Jimi Hendrix, Eric Clapton, and Lana Del Rey. The founding Marshall family is…
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Kim Kardashian’s Skky Partners acquires minority stake in UK-based skincare brand
SKKY Partners, the consumer-focused private equity firm co-founded by Kim Kardashian and Jay Sammons, made a “significant” minority investment in luxury skincare brand 111Skin. This investment aims to support 111Skin’s expansion of its direct-to-consumer operations. It also aims to enhance its presence in Asia and North America, although exact financial terms remain undisclosed. Founded in…
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Gucci owner sells €837m stakes in Paris properties to private equity firm Ardian
Kering, the luxury group behind Gucci and Saint Laurent, has sold 60% of its stakes in three prime Paris properties to French private equity firm Ardian for €837m. The properties, located in Place Vendôme and Avenue Montaigne, house flagship stores for Balenciaga, Valentino, and Boucheron. Kering will retain 40% ownership and secure its brands’ continued…
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Prada explores acquisition of Versace from Capri Holdings
Prada is evaluating a potential acquisition of Versace from Capri Holdings, with Citi acting as its adviser. Capri Holdings has engaged Barclays to identify potential buyers for Versace, attracting interest from private equity funds and other fashion groups. This development follows Tapestry’s decision in November to abandon its $8.5bn acquisition deal for Capri, the parent…
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Fashion brand True Religion acquired by Acon Investments
True Religion announced on Tuesday that private equity firm Acon Investments has acquired a majority stake in the company. SB360 Capital Partners, chaired by American Eagle’s CEO Jay Schottenstein, also took part in the deal. True Religion stated that the acquisition would support the expansion of its product range and global presence. The US-based clothing…