Global private investment firm Bain Capital Private Equity has signed an agreement to acquire a majority stake in Maesa, the beauty brand incubator behind labels like Kristin Ess Hair Care and Flower Beauty.
Chinese consumers may be switching more of their luxury spend to the domestic market at the moment, but some of their fellow Asia-Pacific consumers proved key to luxe spending in Europe’s major retail cities in Q4.
Chinese consumers were behind a third of all luxury spend globally last year, but more of their cash is being splashed out at home rather than in the world’s key shopping cities, the latest Bain luxury report said.
German wholesaler Metro AG has kicked off the sale of its China operations by calling for bids, in a deal that would value the business at between $1.5 billion (1.1 billion pounds) and $2 billion, two people with dire...
As Sears teeters on the brink of liquidation, its employees are pushing for a hardship fund they hope can replicate the success of bankrupt retailer Toys ‘R’ Us, whose workers collected $20 million in severance pay.