Vendorafa, founded in 1951 in Valenza, Italy, is a subsidiary of Lombardi Srl, which is majority-owned by the watch and jewelry division of the luxury conglomerate LVMH Group.
Back in 2008, L’Oreal Group acquired YSL Beauty (Yves Saint Laurent Beauté) for 1.7 billion euros.
The acquisition will encompass three multi-brand concept stores and one single-brand boutique under the Parisi Taormina umbrella.
The acquisition agreement is contingent on a debt relief package of $690 million.
In the announcement, Next said it had agreed to buy CK Acquisitions Ltd’s brand name, the domain name (cathkidston.com), and intellectual property for a consideration of £8.5m.
This is another move after the successful integration of the brand’s leather goods center in Florence, Italy.
Scotch & Soda and its products will continue to thrive in major markets, including the Netherlands, thanks to this acquisition.
Gree Real Estate’s acquisition of Zhuhai Duty-Free for nearly 9 billion yuan marks its foray into the tax-free industry, paving the way for a consumer industry centered around tax-free businesses.
Hind expands its business portfolio to the textile industry through this transaction.
Cowell Fashion Company will now have the rights to use the SuperDry brand in their home market of South Korea, as well as other countries in the Asia-Pacific region, including China.
