Cosmetics giant Estée Lauder Cos Inc is reportedly in talks to acquire ultra-luxury brand Tom Ford. If it does, it could be a $3 billion deal, the Wall Street Journal said at the start of August, citing sources.
The Italian fashion group, owner of Alberta Ferretti, Moschino and Pollini, closed H1 2022 with a gross operating margin (EBITDA) of €20.9 million and a net profit of €2.9 million, down from €13.3 million in 2021.
Luxury outerwear giant Moncler has reported a currency-neutral 46% surge in sales for the first half of 2022, helped by growth in both the US and Europe even though key luxury market China saw a slowdown.
After recently acquiring Byredo, the Spanish group has once again reached for its wallet and acquired a majority stake in the natural cosmetics firm founded by Johana Sanint, who will remain at the helm of the brand.
Italy’s Camera Nazionale della Moda Italiana and Valentino are continuing their link-up with guest designers and have chosen Galib Gassanoff and Luca Lin of ACT N°1 for a guest spot during the next Milan Fashion Week.
Gucci was back in top spot in Q2 as the Lyst Index showed a surge in popularity on the back of its Adidas collab. In fact, collaborations were hot this quarter, while summer items, Diesel and 'naked' dresses also surged.