L Catterton Acquires Hanna Andersson
L Catterton, a consumer-focused private equity firm, announced that it has acquired Hanna Andersson, a leading premium children’s apparel and lifestyle brand. See what this will mean for Hanna Andersson.
Executive
Oracle Buys NetSuite
Oracle has announced that it has entered into a definitive agreement to acquire NetSuite for approximately $9.3 billion. The proposed transaction is expected to close in 2016, and until the transaction closes, Oracle and NetSuite will continue to operate independently.
Michael Archbold Out as GNC’s CEO
Michael Archbold has resigned as CEO of vitamins and supplements seller GNC Holdings, and is being replaced on an interim basis by industry veteran Robert Moran. Here’s a look at what led to the change in leadership.
G-III to Acquire Donna Karan International
G-III will acquire Donna Karan International, Inc., parent of the Donna Karan and DKNY brands and owned by LVMH, in a transaction with an enterprise value of $650 million. The transaction is expected to close in late 2016 or early 2017.
L’Oréal Acquires IT Cosmetics for $1.2 Billion
L’Oréal announced the aquisition of beauty makeup brand IT Cosmetics for $1.2 billion. The acquisition is an effort to answer the rising demand of makeup and hybrid skincare. See how this will benefit both brands going forward.
Party City Announces New Leadership Appointments
Party City announced leadership appointments. The appointment of Daniel J. Sullivan as CFO to succeed Michael A. Correale. The announcement coincides with Correale’s decision to step down as its global CFO to focus on the newly created position of EVP Chief Accounting Officer and Treasurer effective August 29, 2016.
Radial Hires 3,200 Workers to Help Retailers for Holiday 2016
Radial announced it has hired 3,200 workers to help leading retailers this holiday season. Radial employees will be trained to represent brands and retailers of all sizes, and cultivate a base of loyal, happy customers. See what the training will include and how it will help retailers this holiday season.
Unilever Gets a Billion Dollar Shave Club
Unilever has signed an agreement to purchase Dollar Shave Club, which is worth a reported $1 billion cash. Here’s what the deal means to both parties, and why Dollar Shave Club founder and CEO Michael Dubin’s handsome-ass grandfather would be proud.
eBags Has Record Second Quarter Results and Strong Amazon Prime Day Sales
eBags announced that it recorded record sales growth both for the second fiscal quarter of 2016, and during its Amazon Prime Day event. Here’s a look at how eBags fared during both time periods, and what’s escalating the company’s double-digit sales growth.
There’s a New Leadership Team at Burberry
Burberry has announced new leadership roles for its senior team. Here’s who is taking on new leadership roles as Burberry’s president, CEO, CFO, and COO.