LVMH Sells Fashion House to Falic Group
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LVMH Moet Hennessy Louis Vuitton SA has sold its Christian Lacroix fashion house to U.S.-based Falic Group, a spokeswoman for the French luxury goods giant said Tuesday.
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The luxury goods maker LVMH MoÃ«t Hennessy Louis Vuitton posted a sharp increase in its first-half earnings, helped by more stable international currency markets and strong sales from its wines and spirits, fashion and leather goods, and perfumes and cosmetic divisions. The company reported a first-half net profit of 817 million euros ($1.05 billion), up 46 percent from 559 million euros in the period last year. Operating profit jumped to 1.26 billion euros ($1.61 billion), up 35 percent from 935 million euros ($1.19 billion), the company said. LVMH, which is based in Paris, also reported a 13 percent jump in its first-half revenue to 6.97 billion euros ($8.92 billion), up from 6.17 billion euros a year earlier.
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The sports and celebrity management firm which represents clients such as Tiger Woods and Elizabeth Hurley is to be sold to a buyout specialist, it emerged today.
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British property firm Segro has agreed  to sell its U.S. life sciences real-estate business to Health  Care Property Investors Inc. for $2.9 billion as it moves to  focus on Britain and continental Europe.
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A Lebanese private equity firm appears  to have reached a deal to buy Nordstrom Inc.&#39;s   Faconnable brand of upscale apparel and accessories, The New  York Post reported on Wednesday.
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International Management Group, a sports and celebrity management and marketing firm that has represented Tiger Woods, Joe Montana and Derek Jeter, is being sold to a New York buyout specialist firm in a cash deal valued at more than $700 million.
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IMG, the sports and celebrity management group that lists Wimbledon champion Maria Sharapova and golfer Tiger Woods among its clients, was yesterday sold for $700m (Â£390m).
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The home improvement chain has finally sold off its HD supply unit to a private equity group.
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The French media and telecommunications group Vivendi Universal said it would earn 1.5 billion euros (1.9 billion dollars) from the sale of a 15 percent stake in the utilities and water company Veolia Environnement.
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Emap PLC, the British publisher of magazines such as FHM and Heat, is selling its radio stations in Ireland to Europe's Communicorp Group for 200 million euros ($276 million) in cash.
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French luxury goods group LVMH Moet Hennessy Louis Vuitton posted a six percent increase in sales for the full year 2004 and said that operating profits rose 10 percent.
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Privately-owned British fashion retailer  New Look may be sold for 2 billion pounds ($3.91 billion) after  private-equity firms Apax and Permira received at least three  bid approaches for the firm, The Sunday Times said.
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Only weeks before the sale of Fan Pier closes, the ownership of the new development team is changing. LNR Property Corp. of Miami Beach said it will be acquired by a newly formed unit of Cerberus Capital Management
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The Dutch retailer Ahold has sold its network of almost 600 Spanish retail stores to the private equity group Permira in an $850 million deal, the two companies said on Sunday.
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Dutch retail giant Ahold has announced that it has sold its Spanish retail operations to European private equity firm Permira for around â¬685m (US$846.
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The luggage maker said it agreed to be bought by the private equity firm in an all-cash deal, including assumption of debt.
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Samsonite Corp. of Mansfield, the world's top luggage maker, said yesterday it has been sold to private equity firm CVC Capital Partners Ltd. for $1.1 billion.