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Ferrari Group IPO priced at €8.6, shares up almost 5% in Amsterdam debut

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February 13, 2025

Luxury logistics company Ferrari Group said on Thursday it priced its initial public offering at €8.60 per share, just above the midpoint of its indicative price range.

Ferrari Group’s shares were up almost 5% in early trading on its debut on the Amsterdam bourse.

The IPO price gave the company an initial market capitalisation of €785 million ($818 million).

The founding family sold 25% of existing shares in the company, with books covered throughout the range on the full deal size, a bookrunner had said last week.

The group was founded in 1959 and focuses on shipping luxury goods such as high-end watches and jewellery.
 

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Fashion

Space NK founder is named non-exec at Philip Kingsley

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February 13, 2025

Premium haircare brand Philip Kingsley has appointed Space NK founder Nicky Kinnaird to its board. Joining this month, her arrival coincides with “an exciting new year for the brand”.

Anabel Kingsley, brand president and consultant trichologist, said: “[Her] incredible career spans over 30 years in the beauty industry and therefore we are grateful to have such an amazing addition to the team. Nicky’s visionary leadership and industry knowledge will be invaluable as we continue to drive growth and innovation. We look forward to the insights and strategic guidance she will bring to our team.” 
 
With over 80 Space NK locations in the UK, it notes Kinnaird “has created a beauty giant in the retail space and therefore has a wealth of knowledge and passion for the beauty industry.” 

She now runs her own brand consultancy, whose clients include leaders in the beauty, wellness, fitness, and lifestyle sectors in the UK, Europe, the US, and the Middle East. Her other non-executive director appointments include clinical skincare brand Colorescience, and wellness supplements brand Lumity. 
  
Kinnaird added: “Philip Kingsley pioneered hair and scalp health. I am thrilled to join the Boards of his Clinics and product company. I believe this is a pivotal time for clinical haircare. Consumer awareness is, rightly, building around the importance of scalp care for healthy hair maintenance and growth.”

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Elemis in link-up with Aston Martin Aramco team as women’s F1 interest rises

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February 13, 2025

British luxury beauty/wellness brand Elemis has revved up its publicity machine becoming the first ‘Official Skincare Partner’ for Aston Martin Aramco’s Formula One team. It’s a multi-year partnership that “bring[s] together leading beauty innovation with the high-performance world of Formula One”, we’re told.

And the reason? To promote inclusivity within the world of Formula One that’s “recently seen a shift in fan demographic”. 

A recent study by Nielson shows that 41% of fans are women, and the fastest growing fanbase are those aged 16-24. 

And that focus on inclusion aligns neatly with Aston Martin Aramco’s own ‘Make a Mark’ strategy “which aims to drive positive progress through the influence of the sport”.

Both say they’re dedicated to environmentally conscious practices including sustainable sourcing that respects the planet. Elemis, meanwhile, also becomes the first B Corp business to partner with the team.

During the first partnership year, the beauty brand will launch an edit of exclusive, limited-edition products, as well as offering guests “the ultimate trackside experience” at the Aston Martin Aramco Paddock Club Suite, “providing a moment of wellbeing with experiential ‘pit stop’ treatments”.

And to mark the association Elemis will activate a first-of-its-kind spa experience at the Monaco Grand Prix in May… on board the Aston Martin Aramco luxury yacht, or course.

Séan Harrington, Elemis co-founder & CEO, said: “This value-driven partnership is the first of its kind and a pioneering effort in Formula One. It demonstrates how two leaders and innovators in our respective fields can work together to shift perception, empower others, and create an unrivalled lifestyle experience.”

Jeff Slack, managing director of commercial, Aston Martin Aramco Formula One Team, added: “Announcing our first Official Skincare Partner marks a significant milestone in how we connect with our fans, and I’m eager to see it open up new opportunities for both.”

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Steven Madden to buy UK-based luxury shoe brand Kurt Geiger in $360 million deal

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February 13, 2025

Shoe designer Steven Madden said on Thursday it would buy UK-based luxury brand Kurt Geiger in an all-cash deal valued at GBP289 million ($360.09 million), expanding its presence in international markets.

The New York-based owner of brands such as Dolce Vita and Betsey Johnson will buy the company from private equity firm Cinven.

Kurt Geiger’s brand portfolio includes KG Kurt Geiger and Carvela. It operates in luxury and premium department stores in the UK such as Harrods and Selfridges.

Steven Madden plans to fund the transaction, which is expected to close in the second quarter, with a combination of cash on hand and debt.

Kurt Geiger had an estimated revenue of about GBP400 million for the 12 months ended February 1, 2025, the companies said.

Steven Madden is expected to post 2024 revenue of $2.25 billion, according to data compiled by LSEG, when it reports fourth-quarter results on February 26.

The company has outlined plans to shift product sourcing out of China to other countries after Donald Trump’s election as U.S. president for a second term.
 

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