Estée Lauder Purchasing Le Labo Estée Lauder Cos. Inc. has signed a deal to purchase Le Labo, an indie fragrance brand. Cofounders Fabrice Penot and Eddie Roschi released a joint statement calling Lauder “the ideal home” for their brand. “The Estée Lauder Cos. not only understands and respects the core elements of our business, but …
Coty to Acquire Chanel Beauty In a surprising move, Coty Inc. has announced plans to acquire Chanel Beauty from Bourjois in a deal worth an estimated $239 million. The move gives the French luxury house a 4.2 percent stake in Coty. “I’m not surprised that Coty made an acquisition, as it’s always on the hunt for …
Bottega Veneta Taps Ryan McGinley Bottega Veneta is solidifying its ties with the art world, partnering with famed American photographer Ryan McGinley for its resort 2015 advertising campaign. The gorgeous images, which were shot at New York’s Botanical Garden, will make their debut in the November issues of fashion magazines. There will also be a behind-the-scenes video …
Tommy Hilfiger Partners With Naomi Watts Actress Naomi Watts is the latest global ambassador for Tommy Hilfiger’s limited-edition handbag for Breast Health International. Priced at $299, the bag will be available at tommy.com starting September 25th and in Tommy Hilfiger stores October 1st. $100 from each handbag sold will benefit BHI’s Fund for Living program. …
Intermix Names Jyothi Rao President Intermix, owned by Gap Inc., named Jyothi Rao president and general manager. Starting on September 2, she will report to Art Peck, president of Gap Inc.’s growth, innovation and digital division. Rao will closely work with Peck and Khajak Keledjian, founder and chief executive of Intermix, according to Gap. Jyothi …
