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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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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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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…
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Zegna reshapes leadership as Investindustrial and Temasek-backed group elevates next generation
Ermenegildo Zegna has announced a major leadership transition as the luxury menswear group strengthens its governance structure with the support of long-standing investors Investindustrial and Temasek. Chief Executive Gildo Zegna will move into the role of executive chairman, while his sons, Edoardo and Angelo, will take over as co-chief executives of the flagship Zegna brand,…
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Goldman Sachs bets big on SKIMS with $225m funding, valuing shapewear empire at $5bn
Kim Kardashian’s apparel and shapewear brand SKIMS has completed a $225m equity financing round led by Goldman Sachs Alternatives, valuing the company at $5bn. The round also included participation from BDT & MSD Partners’ affiliated funds. The new capital will be used to expand SKIMS’ international and retail footprint, invest in product innovation, and strengthen…
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L Catterton appoints former British Fashion Council chair Stephanie Phair as senior adviser
L Catterton, the LVMH-backed private equity firm, has appointed Stephanie Phair as senior adviser, expanding its global bench of consumer-focused expertise, WWD reports. Phair, who chaired the British Fashion Council between 2018 and 2022, will work with L Catterton’s portfolio companies worldwide, leveraging her experience across fashion, e-commerce, and consumer industries. She previously served as…
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Canada Goose’s future in flux as Bain weighs stake divestment
Bain Capital is reportedly weighing the sale of part or all of its controlling stake in luxury outerwear brand Canada Goose Holdings Inc., according to sources cited by Bloomberg. The private equity firm is said to be working with advisers and sounding out interest from potential buyers, including other private equity groups. Bain first acquired…