Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
acquisition
Retail
Victoria’s Secret Owner and Sycamore Cancel Deal
The agreement brings an abrupt end to one of the highest-profile deals this year in the retail world and charts an uncertain path for a storied American brand.
Victoria’s Secret Owner and Sycamore Cancel Deal
The agreement brings an abrupt end to one of the highest-profile deals this year in the retail world and charts an uncertain path for a storied American brand.
Retail
The Big Keep Getting Bigger in the Pandemic-Rearranged Economy
Antitrust experts fear that as the largest companies increase market shares, decimated firms might disappear or have little choice but to sell out at fire-sale prices — and that lawmakers will be under pressure not to stand in the way as the economy struggles to recover.
The Big Keep Getting Bigger in the Pandemic-Rearranged Economy
Antitrust experts fear that as the largest companies increase market shares, decimated firms might disappear or have little choice but to sell out at fire-sale prices — and that lawmakers will be under pressure not to stand in the way as the economy struggles to recover.
Retail
Brooks Brothers Looks for a Buyer as Wall Street Works From Home
Even though its affluent clientele has little need for new suits at the moment, the brand’s history and cachet have elicited interest.
Brooks Brothers Looks for a Buyer as Wall Street Works From Home
Even though its affluent clientele has little need for new suits at the moment, the brand’s history and cachet have elicited interest.
Retail
What the Potential End of the Victoria’s Secret Deal Means for Retail M&A
The pandemic is a goldmine for opportunistic acquisitions, but not all challenged mall brands are created equal.
What the Potential End of the Victoria’s Secret Deal Means for Retail M&A
The pandemic is a goldmine for opportunistic acquisitions, but not all challenged mall brands are created equal.
Retail
Sycamore Partners Seeks to End Victoria's Secret Acquisition Deal
The firm argued in a filing that parents L Brands has eroded the value of the lingerie seller by furloughing staff and missing rent payments.
Sycamore Partners Seeks to End Victoria's Secret Acquisition Deal
The firm argued in a filing that parents L Brands has eroded the value of the lingerie seller by furloughing staff and missing rent payments.
Luxury
2020’s Top M&A Targets in Luxury
BoF tapped industry experts and analysed the market to determine which brands will likely be targeted this year — and which wild-card mergers could pick up steam.
2020’s Top M&A Targets in Luxury
BoF tapped industry experts and analysed the market to determine which brands will likely be targeted this year — and which wild-card mergers could pick up steam.
Luxury
What Will LVMH’s Tiffany Look Like?
The French luxury conglomerate snapped up one of hard luxury’s last available targets in a mega-deal worth $16.2 billion. With the transaction approved by shareholders and set to close by the middle of this year, BoF considers how the Tiffany-LVMH integration might pan out.
What Will LVMH’s Tiffany Look Like?
The French luxury conglomerate snapped up one of hard luxury’s last available targets in a mega-deal worth $16.2 billion. With the transaction approved by shareholders and set to close by the middle of this year, BoF considers how the Tiffany-LVMH integration might pan out.
Retail
Victoria's Secret's New Owner Has a History With Troubled Brands
As the down-and-out lingerie maker announces the sale of a majority stake to Sycamore, BoF breaks down how the private equity firm has dealt with its past acquisitions, from Hot Topic to Stuart Weitzman.
Victoria's Secret's New Owner Has a History With Troubled Brands
As the down-and-out lingerie maker announces the sale of a majority stake to Sycamore, BoF breaks down how the private equity firm has dealt with its past acquisitions, from Hot Topic to Stuart Weitzman.
Retail
Golden Goose Acquired By Permira
Current owner Carlyle aimed for bids valuing the Italian sneaker brand at no less than €1.2 billion, per sources.
Golden Goose Acquired By Permira
Current owner Carlyle aimed for bids valuing the Italian sneaker brand at no less than €1.2 billion, per sources.
Financial Markets
Edgewell Drops Harry's Acquisition After FTC opposition
Edgewell said Harry's intended to pursue litigation against it.
Edgewell Drops Harry's Acquisition After FTC opposition
Edgewell said Harry's intended to pursue litigation against it.
News & Analysis
L Brands Nears Sale of Victoria’s Secret to Sycamore Partners
"CEO Les Wexner has been under mounting pressure due to his ties to the late sex criminal Jeffrey Epstein."
L Brands Nears Sale of Victoria’s Secret to Sycamore Partners
"CEO Les Wexner has been under mounting pressure due to his ties to the late sex criminal Jeffrey Epstein."
Retail
Opening Ceremony Acquired by Off-White Backer New Guards Group
Founders Humberto Leon and Carol Lim will remain co-creative directors of the brand and the stores will close in 2020.
Opening Ceremony Acquired by Off-White Backer New Guards Group
Founders Humberto Leon and Carol Lim will remain co-creative directors of the brand and the stores will close in 2020.
The News in Brief
Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.