The private equity firm continues to look at deals in the beauty space.
Advertising revenues fell 6.3 percent in the magazine business over the first half despite resilience in circulation numbers, the group said.
The German activewear giant said it now expects sales to grow between 17 and 19 percent this year.
The company said its Luxe Division sustained growth in New Markets and a strengthening of positions in Western Europe helped spur the gains.
Louis Vuitton and Fendi helped drive a 15 percent increase in the group’s sales in the second quarter.
Coach and Kors are primarily handbag firms in a market that isn’t seeing much growth at the moment.
Sales in the group’s key fashion and leather goods division rose 13 percent in organic terms in the three months to June 30.