Global Comparable Store Sales Accelerate YoY Recovery, Reaching 110% in March, Driven by Chinese Mainland Consumers’ Gradual Return.

PLBY Group has decided to sell its subsidiary brand Yandy and refocus on its flagship brands, Playboy and Honey Birdette.

The restructured company plans to raise $670 million through the sale of new shares after exiting bankruptcy proceedings and become a privately held company.

Jean Arnault, the 24-year-old son of Bernard Arnault, the head of LVMH Group, is leading the relaunch of Gérald Genta brand as the Head of Watch Marketing and Product Development at Louis Vuitton.

Richemont, the luxury goods giant, gears up for dual listing on Johannesburg Stock Exchange while terminating its depositary receipt program in South Africa. Q3 sales surge by 8% to €5.4 billion, but miss analysts’ expectations.

Back in 2008, L’Oreal Group acquired YSL Beauty (Yves Saint Laurent Beauté) for 1.7 billion euros.

Suzhou Yanlord Cangjie, set to open in the third quarter of 2023, has partnered with four major brands under the OTB Group – Maison Margiela, JIL SANDER, MARNI, and DIESEL – to establish pop-up experiential stores.

The acquisition will encompass three multi-brand concept stores and one single-brand boutique under the Parisi Taormina umbrella.

According to IDB, the upcoming IPO is expected to be a major catalyst for the company, enabling it to attract top talent and senior management.

The acquisition agreement is contingent on a debt relief package of $690 million.