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.

Luxe.CO will host an online seminar on Friday, February 17, to reveal the essence of this report.

Group annual revenue exceeds €20 billion for the first time, with record results for all brands.

In fiscal year 2022, Ferrari’s sales in Mainland China, Hong Kong, and Taiwan reached 1,552 units, an increase of 72.6 percent year-on-year.

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.

Stephanie Linnartz, former Marriott executive, would be taking over as Under Armour CEO and starting in the role on Feb. 27.

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.