The private equity fund had originally invested in the online luxury marketplace in 2016.

Luxury analysts say the French group is likely to “re-enchant” the brand with renewed stores, products and leadership.

Shares soared on the Italian Stock Exchange following rumors the Ferragamo family was in contact with investors and eyeing the sale of a minority stake.

Andrew D. Postal, managing partner of MMG Advisors Inc., discusses the state of M&A trends in the retail and fashion apparel market.

Following a capital increase Advent International Corp. will own an 11.4 percent stake in Dufry.

L Catterton sells the brand for a reported $135 million to the private equity firm owned by mining tycoon Andrew Forrest.

The move came just before a Paris court threw out a request by rival shareholders for Lagardère SCA to hold an exceptional shareholder meeting.

Called Florence SpA, it has acquired three leading apparel producers, and is chaired by former Bulgari and LVMH executive Francesco Trapani.

Chanel continues to bolster its supply chain by acquiring companies too small to weather the fallout of the COVID-19 pandemic by themselves.

The deal has an enterprise value of 6.8 billion pounds, and Walmart confirmed it will retain a minority stake in the U.K. supermarket giant.

THG, which joined the London Stock Exchange earlier this month, has purchased the Perricone MD brand for $60 million in cash.

Speaking before parliament, Jean-Yves Le Drian clarified that he had sent the letter in response to a question from LVMH.

The potential merger entered the first phase of a European Commission investigation, with a provisional deadline of Oct. 26.

The Hong Kong firm ups its exposure to Mainland China via the well-regarded Translatio, which distributes brands like Acne, Isabel Marant, and 3.1 Phillip Lim.

LVMH said it expects to receive all requisite antitrust clearances “well before” the Nov. 24 deadline to complete the contested deal.