The Japanese cosmetics group has put a partial end to its beauty licence agreement with Dolce & Gabbana, a decision taken as Shiseido, struggling as a result of the Covid-19 crisis, intends to focus on skincare.
It looks like the long rumoured private equity takeover of family-owned Birkenstock could actually be happening soon. L Catterton, the group with close links to LVMH, is said to be “nearing an agreement” to buy it.
The Japanese cosmetics giant announced an 18.6% decrease in its full-year sales on Tuesday, falling into loss as the Covid-19 pandemic took its toll on the company’s operations, especially on its home market.
The iconic German footwear manufacturer has reportedly received interest from investment fund CVC, which is currently in negotiations to acquire the family-run company valued at around 4 billion euros.
Private-equity controlled German perfume retailer Douglas said on Wednesday it hopes to be able to make it through the coronavirus pandemic without state aid, even though it expects an ongoing hit to sales.
German perfume and cosmetics retailer Douglas has set the scene for a possible return to the stock market by growing strongly online, although a decision rests with its owners, its chief executive said.