LVMH Moët Hennessy Louis Vuitton SE (LVMH), the world’s leading luxury group, has signed an agreement to acquire Tiffany & Co, the New York-based global luxury jeweller. As per the definitive agreement, LVMH will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of approximately €14.7 billion or $16.2 billion. The acquisition of Tiffany will strengthen LVMH’s position in jewellery and further increase its presence in the US…
Reliance Retail acquires ITC’s John Players
India’s Reliance Retail (RRL) signed an agreement with ITC Ltd to acquire its mid-segment menswear brand John Players. Launched in 2002, the brand will boost RRL’s fashion and apparels portfolio. The brand was acquired by RRL for `150-200 crore. The acquisition may also improve ITC’s non-tobacco FMCG business margins. Reliance gets the assets of John Players, which includes the brand and distribution rights through 750 stores, including 65 exclusive franchise outlets. ITC has an ambitious target of touching `1 trillion in revenues from non-cigarettes FMCG business— worth over `11,000 crore annually—by 2030 and expects the segment to drive its revenue in the next decade.
Dubai-based VIC buys Roberto Cavalli Group
UK’s CMA blocks merger between Sainsbury’s, Asda
Boohoo acquires British brands Karen Millen & Coast
Boohoo completed an asset purchase agreement for renowned British brands Karen Millen and Coast. The brands were put up for sale by Icelandic bank, Kaupthing. Founded in Manchester in 2006, Boohoo is an inclusive and innovative brand targeting young, value-orientated customers. Boohoo has acquired the online business and all associated intellectual property rights from the administrators of Karen Millen Fashions and Karen Millen Retail, both of which entered into administration on August 6, 2019, for £18.2 million, funded by the group’s existing cash resources.
To read more subscribe to January 2020 edition of Fibre2Fashion.
For queries & brickbats, write to: email@example.com
Fibre2Fashion News Desk (RKS)
| On 18th Jan 2021
Bangladesh witnessed 433 instances of workplace injury and 729 deaths ...
Exports of garments and hard goods in the Philippines are likely to...
| On 18th Jan 2021
Chairman of Ho Chi Minh City People's Committee Nguyen Thanh Phong...
Janak Dhamanwala & Sunil Dhamanwala
Moving towards sustainability is also a social change
Consumer sentiment will be conservative after lockdown
Narayan Tex Fab
I find it hard to find professionals in Surat
Evolution St Louis is a company setting up a high-tech knitting facility...
Intex Consulting GmbH is a completely integrated enterprise resource...
Switzerland-based Sedo Engineering develops technologies for the denim...
<div>RocketLife, an award-winning developer of breakthrough visual...
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...
Headquartered in Belgium and with offices in the United Kingdom, Portugal...
Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...
<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...
She has carved a niche for herself as the national brand of Turkey. Her...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.