Campari to Acquire Courvoisier Cognac in 1.2 Billion Dollar Deal
With a portfolio of more than fifty brands, this strategic move by Campari solidifies its position as a key player in the spirits industry.
A Change of Hands: Sergio Rossi Gets Acquired
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.
Breaking: LVMH now owns Tiffany & Co.
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
Bally Profits Hit 10 Year High
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.
Acquisition: SGX-Listed Grand Banks Yachts
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.
Future of Lanvin: Chinese or Qatari hands?
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.