By Allison Watkinson TLL Reporter Give Back Beauty (GBB) has signed an agreement with Angelini Industries to acquire its AB Parfums company. Initially founded in 2013 as Angelini Beauty, AB Parfums specializes in creating, developing, marketing and distributing fragrances for wholly-owned brands and licensed properties. “Our priority as entrepreneurs is to grow and … [Read more...] about Give Back Beauty Signs Acquisition for AB Parfums
Mergers & Acquisitions
Getty Images and Shutterstock Announce $3.7 Billion Merger to Create Industry Giant
By Gary Symons TLL Editor in Chief Huge news in the world of image licensing, as Getty Images Holdings, Inc. and Shutterstock have agreed to a merger deal valued at approximately $3.7 billion. The combined entity, to be named Getty Images Holdings, Inc., will remain listed on the New York Stock Exchange under the ticker symbol “GETY.” The companies note this 'merger … [Read more...] about Getty Images and Shutterstock Announce $3.7 Billion Merger to Create Industry Giant
STL Moves to Acquire Famed Fashion House Christian Lacroix
By Gary Symons TLL Editor in Chief Another major shakeup in the world of fashion, as Spain's Sociedad Textil Lonia (STL) is acquiring the famed French fashion house Christian Lacroix. The company revealed the news Tuesday, January 7, but has not revealed any details, such as the value of its offer. Even though it's just the beginning of January, this new year has already … [Read more...] about STL Moves to Acquire Famed Fashion House Christian Lacroix
Iconic Laura Ashley Brand Acquired by Marquee
By Gary Symons TLL Editor in Chief The global brand accelerator Marquee Brands has just acquired the British heritage lifestyle brand Laura Ashley. The Laura Ashley brand has built its business and reputation through licensing its quintessentially English designs in a wide range of products. Marquee says this strategic move, facilitated by Gordon Brothers, enhances Marquee … [Read more...] about Iconic Laura Ashley Brand Acquired by Marquee
Bed Bath & Beyond Signs Second Strategic Partnership in a Week
By Gary Symons TLL Editor in Chief Kirkland's, Inc. has announced a major new strategic partnership with Beyond, Inc.'s Bed Bath & Beyond brand. The deal is aimed at rejuvenating the iconic retailer through a neighborhood store strategy, and includes a major financial investment from Beyond. This collaboration will see Kirkland's Home locations serve as the … [Read more...] about Bed Bath & Beyond Signs Second Strategic Partnership in a Week
Authentic Brands Group and Saks Global Announce Joint Luxury Venture
By Allison Watkinson TLL Reporter Authentic Brands Group and Saks Global are expanding their partnership with a new joint business venture called Authentic Luxury Group (ALG). The new joint venture will leverage the combined capabilities of Authentic's licensing expertise and Saks Global's e-commerce and retail presence to further expand Authentic’s portfolio of luxury brands. … [Read more...] about Authentic Brands Group and Saks Global Announce Joint Luxury Venture
Authentic Acquires Champion in Estimated $1.2 Billion Deal
By Gary Symons TLL Editor in Chief Authentic Brands Group has completed its second-largest acquisition, buying out the sportswear giant Champion from HanesBrands. ABG announced this week it has finalized the deal to acquire Champion, which generates close to $3 billion in annual revenue. Champion is a long-time leader in the sportswear segment, and is credited with … [Read more...] about Authentic Acquires Champion in Estimated $1.2 Billion Deal
Update: Bronfman Drops Paramount Bid, Leaving Path Clear for Skydance
By Gary Symons TLL Editor in Chief Media tycoon Edgar Bronfman Jr. has dropped his $6 billion bid to acquire Paramount Global, as Skydance Media prepares to close on its own offer. Bronfman had submitted a bid to acquire the global entertainment conglomerate with a consortium of investors. His submission came after Skydance had already come to a tentative agreement with the … [Read more...] about Update: Bronfman Drops Paramount Bid, Leaving Path Clear for Skydance
Must Read: Mars Acquires Kellogg’s Snack Division Kellanova
$35 Billion Acquisition Changes the Global Landscape for Snacks and Confectionery By Gary Symons TLL Editor in Chief Mars and Kellanova have entered a definitive merger agreement that will combine two of the world's largest snack producers. Mars, a family-owned leader in snacking, food and pet care, has agreed to acquire Kellanova for $83.50 per share, for a total … [Read more...] about Must Read: Mars Acquires Kellogg’s Snack Division Kellanova
Perry Ellis Secures 8.3 Million Following Breach of Contract by ULC
By Allison Watkinson TLL Reporter Perry Ellis has received 8.3 million USD in damages from United Legwear Company for legal problems related to their 2020 Pro Player sales agreement. The trial centered on the fair market value of the Pro Player athletic brand which Perry Ellis International had sold to ULC IP Holdings in 2020. Perry Ellis began pursuing legal action against ULC … [Read more...] about Perry Ellis Secures 8.3 Million Following Breach of Contract by ULC