Shoe maker Wolverine World Wide Inc posted a first-quarter profit that beat market expectations, as strong sales at key brands and lower operating expenses helped offset some of the hit from unfavorable foreign exchange rates.
Bought by Estée Lauder Companies in 1999, followed by Sun Capital Partners in 2006, the cosmetics brand Stila has now been acquired by private equity firms Patriarch Partners. Is this a new start for the beauty label?
Coach Inc reported a lower quarterly profit on Tuesday 21 April as consumers cut back on discretionary purchases, but the U.S. handbag and accessories maker said sales were stabilizing at its North American stores, and it initiated a quarterly cash dividend.
Cosmetic and perfume-dispenser maker AptarGroup Inc posted a nearly 28 percent decline in its first-quarter profit, hurt by a drop in demand from the fragrance/cosmetic market and changes in exchange rates, and forecast lower earnings for the second quarter.
Japanese private equity fund Unison Capital is set to bid for at least one-third of wig maker Aderans Holdings, raising the prospect of a proxy fight with U.S. hedge fund Steel Partners, the Nikkei business daily reported on Thursday 16 April.