Castore may seek a new round of funding to push its valuation to over £1 billion and potentially go public in the mid-term.

After the completion of the transaction, Suave’s operations outside of the United States and Canada will continue to be operated by Unilever.

Following the news, Bed Bath & Beyond’s stock price, which is listed on Nasdaq, closed at $3.01 on February 7th, a drop of 48.6% from the previous trading day.

In the future in the Chinese market, the Group will expand its brand portfolio and expand into new areas.

The luxury shoe industry is expected to generate a total of $40 billion in revenue by 2027, a 29% increase from 2022, according to market research firm Euromonitor International.

The offer for this privatization transaction is €48 per share, with new shareholders holding no more than 5% of the shares. The agreement reached is a long-term agreement, including an 8-year lock-up period, and there is no call or put option agreements.

OTB Group has finalized its 2023-2025 strategic plan, confirming its ambitious organic growth targets as well as its interest in potential acquisition targets in the luxury goods industry.

Wolverine Worldwide and Designer Brands have signed an exclusive licensing agreement for Hush Puppies branded footwear in the US and Canada.

COVID-19 pandemic has reshaped people’s perceptions of health, with more focus on introspection, science, and being more eco-friendly by caring more about their surroundings and earth and seeking meaningful, effective health solutions.

During the reporting period, the group also initiated a stock buyback plan, repurchasing approximately 5.7 million common shares for approximately $300 million in the open market.