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Advent International considering $2 billion sale of Parfums de Marly business, FT reports

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Advent International considering  billion sale of Parfums de Marly business, FT reports


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Reuters

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October 22, 2025

Private equity firm Advent International is in early discussions to potentially sell its Parfums de Marly business as soon as next year at a likely valuation of more than $2 billion, the Financial Times reported on Wednesday.

The Valaya Exclusif scent by Parfums de Marly – DR

The Boston-based investor is yet to hire bankers or make a final call on a potential divestment, FT said, citing people familiar with the matter.

The Paris-headquartered company, which owns the Initio Parfums Privés brand of fragrances, could draw bids from fellow buyout investors and fragrance peers, it added.

Reuters could not immediately verify the report. Advent International and Parfums de Marly did not immediately respond to Reuters’ requests for comments.

The potential exit follows a wave of consolidation in fragrances, which have outpaced the wider beauty industry. Earlier this week, Kering agreed to offload its beauty operations to L’Oreal in a 4 billion euros ($4.66 billion) deal that hands the French cosmetics leader the Creed fragrance line and 50-year licenses for Gucci, Bottega Veneta and Balenciaga scents.

Last month, Coty kicked off a strategic review of its consumer beauty unit, including brands CoverGirl and Rimmel, to sharpen its emphasis on premium perfumes. 

© Thomson Reuters 2025 All rights reserved.



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Fashion

US’ Centric Brands acquires Vingino to boost global kidswear growth

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US’ Centric Brands acquires Vingino to boost global kidswear growth



Centric Brands LLC (the Company), a leading global lifestyle brand collective, announced the acquisition of the Vingino Group, an international children’s fashion lifestyle brand known for its innovative product and design. Through this acquisition, Centric will leverage Vingino’s operational and design infrastructure, benefiting from their extensive retail relationships across Europe, Central American and South America, and best-in-class merchandising capabilities to help expand Centric’s Kids international business.

Founded in 2001 by Marijke van Beek and Bennie Dekker, Vingino is a denim-focused multi-category global brand, based in the Netherlands, offering fashion for all ages—from baby to adult. The brand is rooted in quality craftsmanship and enduring style.

Centric Brands has acquired the Vingino Group, a Netherlands-based children’s fashion lifestyle brand known for denim and multi-category design.
The deal strengthens Centric’s international Kids platform by leveraging Vingino’s sourcing, design and retail networks across Europe and the Americas.
Both companies said the partnership will accelerate global growth and expand brand reach.

“Vingino’s design and sourcing strength coupled with their EU and Central and South American networks and relationships fit perfectly into our global growth strategy. We look forward to working closely with the Vingino team as an integral partner to strengthen and scale our international Kids platform,” said Jason Rabin, Chief Executive Officer, Centric Brands.

“We are proud to join the Centric Brands group and are looking forward to a new chapter in our business,” said Jan van den Berg, Chief Executive Officer, Vingino. “With Centric’s scale, expertise, and shared commitment to creativity and quality, we are excited to grow the Vingino brand.”

The acquisition marks a significant milestone for both companies and underscores Centric Brands’ ongoing commitment to building a diversified, global portfolio.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



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G-III Apparel lifts full-year earnings guidance despite 9% sales decline

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G-III Apparel lifts full-year earnings guidance despite 9% sales decline


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December 10, 2025

G-III Apparel on Tuesday raised its full-year earnings forecast on the back of better-than-expected earnings in the third quarter, which also saw the U.S. firm’s sales drop 9% to $988.6 million.

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The New York-based firm logged earnings of $80.6 million, or $1.84 per diluted share during the three months ending October 31, compared to $114.8 million, or $2.55 per diluted share, in the prior year’s third quarter.

While profits were lower than the same period last year, the owner of Karl Lagerfeld, Sonia Rykiel, and DKNY brands, “delivered a strong third quarter with gross margins and earnings far exceeding our expectations,” according to  ​said Morris Goldfarb, G-III’s chairman and chief executive officer.

“This was driven by the strength of our go-forward portfolio, particularly our owned brands, as well as a healthy mix of full-price sales and our mitigation efforts against tariffs. I am pleased with how our brands are resonating with consumers and encouraged by the solid demand we have seen throughout the holiday season to date,” continued Goldfarb, who said his company is raising its fiscal 2026 earnings guidance to “reflect our third quarter outperformance tempered by the uncertainties around the consumer environment and tariff-related margin pressures.”

In June, G-III Apparel filed a $250-million lawsuit against PVH Corp., escalating tensions between the two fashion giants with allegations of breached licensing agreements and interference in business relationships. 
  ​
The complaint, filed in New York state court, targets PVH and its Calvin Klein Inc. and Tommy Hilfiger licensing divisions.

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What legal challenges does the fashion industry face in the age of generative AI?

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What legal challenges does the fashion industry face in the age of generative AI?


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December 10, 2025

From safeguarding intellectual property to securing their own use of artificial intelligence, the fashion industry is still finding its feet with AI. Unsurprisingly, the topic took centre stage at the Assises Juridiques de la Mode, du Luxe et du Design, held in Paris on December 9 and organised by Lexposia.

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“In 2024, we submitted 2.5 million reports of counterfeit content to platforms,” explained Nicolas Lambert, LVMH’s director of online brand protection. “That’s nothing new, but AI has made it increasingly easy to generate infringing content. At the moment, for example, we’re seeing a proliferation of online ads for counterfeit Advent calendars from Sephora, Dior and other group brands.”

Alexandre Menais, general counsel for the L’Oréal group, was also on hand to bear witness to this acceleration. In his view, the growing presence of this new technology calls for fresh thinking about interactions between the company and the machine, and in particular how those interactions are used.

“With an intelligent agent, the question arises of who owns that interaction,” stressed the legal expert. “One of the risks I see is that the rules companies set, which mandate the use of closed AI, will be widely flouted. Many employees will be tempted to test AI outside the established framework.”

Christiane Féral-Schuhl, a lawyer specialising in this field, identified this risk as well. For the former bar chair and former president of the Conseil National des Barreaux, it is urgent to raise employees’ awareness of the differences between a closed AI, trained on creations and data for which rights‑holders have given their consent, and an open AI system. The latter dispenses with rights‑holders’ consent by relying on the “text and data mining” (TDM) exception.

Left, Frédéric Rose (IMKI), Nicolas Lambert (LVMH) and Christiane Féral-Schuhl (lawyer)
Left, Frédéric Rose (IMKI), Nicolas Lambert (LVMH) and Christiane Féral-Schuhl (lawyer) – MG/FNW

“These AIs are ogres that swallow up all this ‘training data’, and to counter this you can build your own AI system, using protected data within a controlled framework. If an employee prefers to use an open system, they feed the machine and, in effect, share their work and creations with others — including their competitors — who may exploit it to produce infringing works.”

Féral-Schuhl also emphasised the questions to be asked of AI tool suppliers. Some stipulate in their terms that a customer’s work may be used to improve the service for all customers — which, in a creative context, should obviously be prohibited.

Frédéric Rose runs IMKI, which designs bespoke generative AI for brands such as The Kooples and G-Star. The specialist notes that AI is becoming more sophisticated. “It will soon be able to draft patterns and technical execution files,” he estimates. “It’s already getting more and more precise, and is becoming capable of specifying materials, fabric weights (grammage) or stitching types.”

This level of detail now makes it possible to spot counterfeits — for rights‑holders and consumers alike.

“Some AIs have safeguards and refuse to respond, but others give you suggestions on where to find the best dupes,” said Lambert. “Between the AI and the customer, it’s a private channel that I can’t investigate. But maybe tomorrow AI will be able to identify suspicious behaviour. Perhaps we need to imagine, as with YouTube, a DMCA‑style mechanism (a rights‑holder takedown mechanism, editor’s note) preventing an AI from pointing users to a counterfeit product.”

Hugo Weber (Mirakl), Benoît Loutrel (Arcom) et Pierre Berecz (Ebrand)
Hugo Weber (Mirakl), Benoît Loutrel (Arcom) et Pierre Berecz (Ebrand) – MG/FNW

“And if AI is exploited for creative purposes, we also need to define red lists of iconic elements, specific signatures, which could lead a creation to resemble that of an established brand,” said Féral-Schuhl.

She also points to the emergence of “watermarking” (or digital tattooing) of data used to train AI, which could in time be subject to copyright protection and prevent its use in AI agents’ creative processes. This comes on top of “information tagging” that records the date and place of AI‑generated creations.

The vice‑president of French unicorn Mirakl, which develops marketplaces for major retailers, Hugo Weber, for his part, spoke about the contribution AI could make to already highly efficient algorithms.

Amazon Prime is not a logistics issue: if you’re delivered the next day, it’s because in 95% of cases your purchase was already in shipping, because the algorithm is very efficient,” summarised the specialist.

He also cautioned against turning the Shein case into a trial of marketplaces, pointing out that European, American and Chinese players all have different notions of responsibility.

The Shein case was also raised by Benoît Loutrel, chair of the online platforms working group at ARCOM (Autorité de Régulation de la Communication Audiovisuelle et Numérique).

“We’re moving from preventive action by regulators to enforcement action by the courts. I think that the next stage will involve civil law, particularly in the case of artificial intelligence,” said the specialist.

Faced with the rise of ARCOM equivalents in other European countries, he hopes to see French digital sovereignty anchored within the broader European Union framework now taking shape.

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