Celebrity Life
A Change of Hands: Italian Shoemaker Sergio Rossi Gets Acquired by Fosun
As much as the coronavirus presents a rather gloomy outlook, luxury conglomerates are taking this opportunity to ramp up their portfolio — M&A is definitely on the agenda in 2021.
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LVMH acquires Tiffany and Co. for US$16.2 billion dollars ending speculation
Completing its acquisition of the US Jeweller, LVMH's hard luxury segment gets a massive shot in the arm, putting it in competitive position to rival Richemont Group in that category
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Bally CEO Frédéric de Narp Proven Right as Profits Rise on US and Japanese Growth
CEO Frederic de Narp proven right as Bally profits rise on strong Asia performance as well as capsule collections featuring hip hop culturally relevant accessories and garments have encouraged sales in the U.S.
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SGX-Listed Grand Banks Yachts To Acquire Florida Marina
Grand Banks has announced that it intends to acquire the Stuart Service Yard in Florida to serve as its official United States headquarters, consolidating its presence in the world’s biggest boat market.
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Lanvin acquisition Battle between Qatari Mayhoola and Chinese Fosun
Qatari investment fund Mayhoola, owner of Italian fashion house Valentino, and Chinese Fosun, a conglomerate behind French Club Med, are both in a battle to acquire majority stakes in French fashion couturier Lanvin.
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Luxury holiday rentals: Airbnb now provides luxurious vacation accommodation options with concierge services
As a veteran in the market for budget-friendly alternatives to hotels, Airbnb diversifies in its latest acquisition of Luxury Retreats
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LVMH Buys Majority Rimowa Stake for $716 million
The world’s largest luxury group LVMH got a bit bigger Tuesday after a $716 million deal to take a majority position in German luggage maker Rimowa.
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Hermes Acquires Stake in Pierre Hardy
With demand for shoes higher than usual, this buying of a minority stake in Pierre Hardy may help in its expansion plans.
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Balmain Acquired by Qatari Fund
Qatari fund Mayhoola For Investments sees a bright future for the fashion label which made waves recently thanks to artistic director Olivier Rousteing.
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Microsoft Commences LinkedIn Acquisition at 26.2B
Microsoft Commences LinkedIn Acquisition at 26.2B Yesterday, Microsoft has signed off on a deal to purchase the LinkedIn Corporation. At $196 per share, the price settlement arranged by Microsoft CEO Satya Nadella is valued at 26.2 billion, a 50 percent premium of LinkedIn’s final closing offer. With the LinkedIn acquisition being one the most expensive […]
The post Microsoft Commences LinkedIn Acquisition at 26.2B appeared first on VUE magazine.
Citizen Acquires Frédérique Constant
The Japanese firm has bought the Swiss watchmaking group and its brands, including Frédérique Constant and Alpina.
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