Hacks over at the Financial Times won the bragging rights from rivals at the Wall Street Journal rivals after it emerged Estee Lauder beat rival Kering to the acquisition of luxury fashion brand Tom Ford.
Below is the link to the press release from a few days ago:..
Last week hacks at the Wall Street Journal were boasting about a scoop - that Kering (the owner of Gucci) was in "advanced talks" to buy menswear brand Tom Ford for around $3 billion. Below is the link:
Betaville notes that billionaire Johann Rupert, who controls Compagnie Financiere Richemont, has finally admitted that that he has been approached by rival Kering about a $150 billion mega merger. Below is a link to yesterday's Financial Times piece with the on the record quotes.
https://www.ft.com/content/da8f16e6-5c0a-4fd9-99a4-ade9583c55fd..
Hat tip to Miss Tweed, the fashion website run by a former Reuters hack Astrid Wendlandt, for unearthing another angle on the Kering acquisition rumours Betaville has been picking up over the last few weeks...
The board of Ralph Lauren, the US-listed fashion brand, is said to be holding out for a substantial takeover premium from the company interested in acquiring the business.
The identity of the mystery suitor is unknown but people following the situation have heard rumours Kering, the France-based luxury goods company, may have an interest in acquiring Ralph Lauren...
Kering, the France-listed luxury retail giant, is rumoured to weighing a large takeover deal, with both Compagnie Financiere Richemont and Ralph Lauren suggested as potential takeover targets.
Since late last year people following the situation have heard rumours Kering, led by Francois-Henri Pinault, has been eyeing Compagnie Financiere Richemont, the Switzerland-listed luxury goods company controlled by the billionaire Johann Rupert...
Zak was back in the hotseat this week, so click on the link below if you want to watch the latest session.
http://tiptv.co.uk/kraft-heinz-bidder-reckitts-food-division-betaville/..
Zak doesn't do afternoons so I was interviewed by the charming Matt Brown. Here is a link to today's session:
http://tiptv.co.uk/exova-confirms-bid-interests-old-mutual-sells-stake-hna-betaville/..