MadaLuxe Group on Thursday said it has acquired fine jewelry brand Ippolita, as the U.S. lifestyle group looks to bolster its portfolio and expand into the fine jewelry category.
Ippolita
Financial terms of the deal were not disclosed.
Under the deal, founder of Ippolita, Ippolita Rostagno, will continue in her role as chief creative officer, overseeing all aspects of design across the brand’s jewelry collections.
“I founded Ippolita with the belief that fine jewelry should celebrate the artistry of the hand and honor the individuality of the women who wear it,” said Rostagno. “Joining MadaLuxe Group opens an exciting new chapter—one that allows us to protect our heritage while embracing meaningful opportunities for growth. I am delighted to continue guiding the brand’s creative vision as we reach an even broader global audience.”
Launching in 1999 exclusively at Bergdorf Goodman, Ippolita is known for its sculptural jewelery that blends contemporary design with Italian craftsmanship. Today, the brand is sold through leading luxury retailers and boutiques worldwide.
“We are thrilled to welcome Ippolita into the MadaLuxe Group family,” said Adam Freede, CEO and co-founder of MadaLuxe Group, which added it will support the New York fine jewelry brand’s continued growth across key markets worldwide.
“Ippolita is an iconic brand with a rich artistic heritage, extraordinary customer loyalty, and a timeless visual vocabulary. We see significant opportunity to drive brand growth through strategic support and investment. Above all, we saw a great chance to add someone as talented as Ippolita to the MadaLuxe family, who views the importance of people and company culture the same way that we do.”
There’s been quite a few end-of-year updates from shopping centres and all of them are upbeat after a busy 2025.
Image: British Land
Sheffield’s Meadowhall is one of them, noting it has been a strong year of exchanges on new leases covering 300,000 sq ft of the destination, 80% retail and 20% hospitality, including renewals from 19 tenants.
It said visitor numbers “have also remained consistently high”, headlined by its busiest Black Friday weekend in six years (262,981 visitors across the three days), while October’s school half-term was also the strongest in six years (457,000 visitors representing a 9.7% year-on-year increase).
Meanwhile, commercial brand activations continued to “perform effectively” throughout 2025, including standout initiatives from Trinny London and Jo Malone.
And, of course, new openings and expansions are the lifeblood of any centre with Meadowhall announcing fast-expanding novelty retailer Miniso has just joined its roster while fashion lifestyle brand TK Maxx has extended its presence there, “concluding a strong year of leasing activity and retail performance”.
TK Maxx has added an adjacent unit to create a 19,000 sq ft space, complete with a 173-ft fully-glazed frontage on the Upper Level The Gallery, showcasing its mix of branded fashion, beauty, homeware, and accessories.
Miniso, meanwhile, has opened a 1,759 sq ft store on Lower Level High Street, introducing its range of lifestyle, homeware, and technology products, alongside the brand’s character collections.
These additions follow several major openings in 2025, including beauty majors Sephora and Superdrug.
These introductions round off a period in which several tenants have invested significantly in upgrading and expanding their stores. More than £47 million has been spent by brands alone across 2024 and 2025, with more than a third of Meadowhall’s operators undertaking new fitouts and refurbishments in that time.
Looking ahead to 2026, operator British Land said more than 25 brands have already committed, and will be bringing a further £8 million of investment to the centre.
Louisa Holmes, Asset Director at operator British Land, said: “This year’s level of investment, from new arrivals and long-standing tenants, reflects the confidence brands have in Meadowhall as a critical part of their national portfolio. In addition to that, the centre’s success means our brands are effectively competing to bring the best and latest shop fits and concepts here, elevating the experience for our visitors.”
On Friday, beauty giant Coty stated it has sold its residual 25.8% stake in haircare brand Wella to US investment firm KKR for $750 million. Coty has retained the rights to a share of any future sale of the brand, or any revenue accruing from an IPO.
Wella Professionals
Coty said it is entitled to a 45% share of any proceeds from a sale of or IPO for Wella, once KKR’s preferred return has been achieved, adding that it plans to use most of the initial liquidity to reduce its debt.
The Wella sale brings to fruition a plan Coty initiated in 2020, aimed at streamlining its portfolio and operations, and at maximising the value it can generate from the Wella business, Coty added.
Earlier this year, Coty embarked on a strategic review of its beauty business which could lead to the sale of brands such as Rimmel and CoverGirl. The group’s goal is to refocus on the fragrance segment in the face of persistently weak demand for colour cosmetics.
This year, Coty’s shares lost almost half of their value.
Coty was founded in 1904 in Paris, and is the fragrance licensee for labels like Gucci, Chloé and Burberry. According to LSEG data, the group’s market capitalisation is approximately $2.8 billion.
The UK’s official statistics agency released its November sales report on Friday and it wasn’t great. But perhaps more useful was the CBI’s holiday trading retail report as its showed how retailers are faring just about now.
Photo: Pexels/Public domain
And the news? Its distributive trades survey showed retailers are facing “bleak holiday trading as [the] sales outlook darkens”.
The survey is based on the weighted number of retailers who said sales fell, stayed static or rose, regardless of whether those rises or falls were big or small.
It showed that retail sales volumes fell “at an accelerated rate in the year to December, extending a period of weakness that began in mid-2023”.
And the New Year is “expected to start on a gloomy note for the retail sector. Retailers anticipate that annual sales will fall sharply next month, with expectations at their weakest since March 2021”.
Overall, a balance of 44% sales sales fall, worse than the 32% in November, with 57% expecting the downturn expected to deepen in January.
Sales for the time of year were judged to be “poor” in December, to a greater extent than last month (-31% from -20% in November). Next month’s sales are set to similarly disappoint against seasonal norms (-34%).
Online retail sales volumes also declined at a moderate rate in the year to December, following two consecutive months of growth (-12% from +13% in November). Sales are expected to contract at a steep pace next month (-42%).
Martin Sartorius, Principal Economist, CBI, said: “Retailers reported that annual sales volumes fell rapidly in December, as weak consumer confidence contributed to softer trading conditions in the lead-up to Christmas. Firms do not anticipate any relief in the New Year, with sales expectations deteriorating to their weakest in over four years.”