Eurazeo Brands found it’s next investment — backpack maker Herschel Supply Co. Eurazeo has invested $60 million into the Vancouver-based company. Also putting in money was a consortium of investors that included Alliance Consumer Growth and HOOPP Capital Partners, the private capital arm of the Healthcare of Ontario Pension Plan. WWD reported in September that […]
Carol Hamilton is the first to admit that she knew very little about fragrance when she took over as head of L’Oréal USA’s Luxe division in 2008. “Nada. Rien!” she said, as she was being inducted into the Fragrance Foundation’s Circle of Champions on Wednesday evening in New York. “I grew up in drugstores — […]
LONDON — The Munich-based fashion brand Escada, a powerhouse of the Eighties and Nineties, has been sold to the private equity firm Regent, confirming reports in WWD earlier this week. The Mittal family, which purchased Escada in 2009 after a bidding war, confirmed the news alongside Regent’s chairman Michael Reinstein. The terms of the deal […]
HanesBrands continues to excel — but it might not be enough to tame investor fears. HanesBrands’ stock fell more than 10 percent Thursday morning after the company alluded to the impact of store closures. “Key assumptions in the company’s guidance include: a cautious outlook for the U.S. brick-and-mortar retail market, including the effect of door […]
Diversification is the name of the game for The Estée Lauder Cos. Inc. Despite steep declines in makeup in the U.S. market, and sharp dips in Hong Kong, the beauty conglomerate posted a net sales gain of 11 percent, to $3.9 billion, and a net earnings increase of 19 percent, to $595 million, for its […]