International Flavors & Fragrances Inc agreed to buy Israeli flavours and ingredients maker Frutarom for $7.1 billion in cash and stock on Monday, vying for the industry's top spot with market leader Givaudan.
London’s historic luxury destination Burlington Arcade is being sold to the Reuben brothers for £300m. The arcade has been on the market since last year with estimates at one point that it could fetch over £400m.
The Italian beauty retailer plans to invest €90 million to fuel growth in the next 3 years, and is in advanced talks with an investment fund interested in buying a stake. It will also close its US subsidiary.
The Fragrance Shop saw net sales rising 14% to £121 million in 2017 as the success of new products and the ongoing popularity of big name brands such as Chanel, Jean Paul Gaultier and Emporio Armani drove revenue up.
As the 17,000 staff who work at House of Fraser stores digest news of its likely new ownership and soon-to-happen CVA, analysts have said the new investment from C.Banner could spur a recovery at the retail chain.
Dollar Shave Club has made a series of veteran executive hires that round out its digital, tech, user experience design and strategy teams. The Marina del Rey, CA-based company has expanded its workforce 25% this year.