L Catterton has significant experience investing globally in apparel and digitally-native companies. Current and past investments in the space include ba&sh; Just Over The Top (JOTT); Ganni; Sandro, Maje & Claudie Pierlot; Savage X Fenty; Sweaty Betty; and ThirdLove.

VF shares have fallen 64% in the past year, giving it a market value of about $10 billion.

Bucherer CEO Guido Zumbühl stated: “This acquisition fits into our strategy to strengthen our presence in Denmark further, and to follow up on our market entry in 2016 with our first boutique at the Illum department store.”

Eric Taylor, CEO of Salon Republic, described Riata as a great fit for his company’s culture and strategies.

“We just want to be a fashion group.”

Fashion Cloud has made it the all-in-one solution for more than 600 fashion brands and 20,000 retailers.

In 2023, Heyday plans to open over 30 shops, with a total of 135 committed franchise units on the horizon in major markets including Denver, Boston, Austin, Phoenix and more.

Indonesia is currently the fastest-growing beauty market in Southeast Asia.

Under the terms of the transaction, Seven & i will transfer its outstanding Sogo & Seibu shares to a special purpose company owned by Fortress. The transaction is expected to close in the first quarter of 2023.