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FARFETCH, Browns and Off-White expand their luxury offerings into the Beauty space simultaneously The expansion into Beauty follows FARFETCH's acquisition of luxury beauty retailer, Violet
Authentic Brands Group announced that it completed the acquisition of Reebok from Adidas. Becoming its largest acquisition to date, the company said it is setting a "new path for Reebok" that capitalizes on the brand's heritage in sports and fashion.
Net profit over the Christmas trading period – the three months to 31 December – was $97m (£72m), after a loss of almost $2.3bn (£1.7bn) a year earlier.