A BIG SEA
Experts expect the acquisition wave to continue well into 2017.
The deals will go on.
After one of the most robust years in beauty acquisitions, the trend is expected to continue into 2017, driven by two key factors:large corporations that are looking to buy innovation instead of develop it, and private equity firms who are hungry to invest in growing brands with the hope of one day selling to a large strategic for a big return. “M&A is the new innovation,” says Andrew Shore, managing director of consumer products investment banking at Moelis & Co.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)