Uber has announced the acquisition of Blacklane — the Berlin-born global chauffeur leader operating in over 500 cities across 60 countries — marking a defining moment in the premium mobility landscape. Far from a mere corporate transaction, this deal signals Uber’s serious intent to own the white-glove end of travel, catering to the world’s most … Read more
PUIG ACQUIRES A MAJORITY STAKE IN BYREDO. Puig, the fashion and beauty family-owned company, has acquired a majority stake in Byredo, the Swedish luxury brand founded in Stockholm in 2006. Founder Ben Gorham and Manzanita Capital will both remain as shareholders. Ben Gorham will continue his creative leadership (Chief Creative Officer) and Manzanita will remain … Read more
Transaction values Lanvin Group at a pro forma enterprise value of US$1.5 billion, with a combined pro forma equity value of up to US$1.9 billion. Lanvin Group, a global luxury fashion group and Primavera Capital Acquisition Corporation have entered into a definitive business combination agreement that is expected to list Lanvin Group on the … Read more
Caesars Entertainment, one of the largest gaming companies in the world, shared details on its $400 million master plan investment in Atlantic City where it owns and operates three of the region’s preeminent casino destinations – Caesars, Harrah’s Resort and Tropicana Atlantic City. At Caesars Entertainment every guest is known to be treated like … Read more
Coach, a leading New York-based house of modern luxury accessories and lifestyle brands, announced that it has completed the acquisition of Kate Spade & Company for $18.50 per share in cash for a total transaction value of $2.4 billion. As previously announced, the $2.4 billion purchase price has been funded by a combination of senior … Read more
Hotel Saint-Barth Isle de France to enhance its position as one of the leading resorts in the Caribbean. A “natural extension” of LVMH’s activities across the luxury spectrum, LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, announced the acquisition of the Hotel Saint-Barth Isle de France. LVMH luxury group wants to respond … Read more