Private equity firm Catalyst Capital Group Inc is seeking financing for a bid for Saks Fifth Avenue owner Hudson’s Bay Co that would top a C$1.9 billion ($1.4 billion) deal the retailer reached last month.
Farfetch has taken a powerful approach for its 2019 Holiday season campaign, placing its global community “at the heart of Holiday storytelling, focusing on the ways people come together with family and friends”.
Private label is becoming increasingly important to high-end retail and Matchesfashion is putting a push behind its Raey brand. Its first pop-up outside of the UK has opened at Roll & Hill on Mercer Street in New York.
After nearly defaulting in 2016, the second-hand apparel and accessories website has become a key player in Europe, with France its stalwart, and is now focused on extending its product range to become profitable.
BlackRock's new private equity fund Long Term Private Capital has completed its maiden investment, taking up an $875 million stake in Authentic Brands Group, making it the largest investor in the U.S.-based company.
In 2018, 265 merger and acquisition operations were recorded in the luxury industry, chiefly in Europe, in the hotel and the beauty sectors. Disruptive and digital technologies will drive investment in 2019.
Private equity firm Catalyst Capital Group on Monday offered to buy an estimated C$150 million stake in Hudson’s Bay Co, and said it will oppose Executive Chairman Richard Baker’s C$1.74 billion take-private proposal.