BHV Marais, formerly known as “Bazar de l’Hôtel de Ville,” was founded in 1856 and was acquired by Galeries Lafayette group in 1991. In 2013, it was renamed BHV Marais and has been a preferred shopping destination for home and decor items for Parisians.
After the completion of the transaction, Suave’s operations outside of the United States and Canada will continue to be operated by Unilever.
If the deal goes through, it would be at a discount of around 90% to the initial public offering price of 295p roughly 18 months ago.
Wolverine Worldwide and Designer Brands have signed an exclusive licensing agreement for Hush Puppies branded footwear in the US and Canada.
The estimated value of the transaction is approximately USD 15 million.
The new ultra-luxurious hotel is expected to complete renovations in 2025.
This transaction is one of the largest hotel acquisitions in the United States since August 2021 and the eighth investment by Trinity Fund Advisors LLC since June 2021, with a total transaction value of $2.1 billion.
Upon completion of the transaction, Indera Mills will become a division of Intradeco. Its owner, John Willingham, will continue to serve as CEO.
Kathrin and Sebastian Proft owns and manages three sustainable fashion companies in Germany and Austria. They started with the takeover of the Bavarian retail fashion company Dollinger, followed by the Stapf brand after insolvency proceedings in 2017, and finally, Feli & Hans (formerly H.Moser) in 2019.
Chanel continues to invest in Italy, acquiring eight local companies in three years.