All articles tagged with #brand sale
Giorgio Armani's heirs are instructed by his will to sell a majority stake in his namesake fashion brand, initially 15% within 18 months, likely to a French buyer such as LVMH, with subsequent divestments leading to a final sale of 54.9%, or a public offering if no buyer is found, amidst challenges in brand growth and shifting consumer preferences.
Fyre Festival's brand, including IP and social media assets, was sold on eBay for $245,300 after a week of bidding, marking a small price for a brand infamous for its disastrous 2017 event and subsequent legal issues involving founder Billy McFarland.
Fyre Festival's troubled brand, including its IP and social media assets, was sold on eBay for $245,300 after a week of bidding, marking a small price for a brand infamous for its disastrous 2017 event. The sale follows Billy McFarland's efforts to rebuild and pass on the brand, despite its notorious history.
Billy McFarland has put the Fyre Fest brand up for auction on eBay after a failed deal to sell it, with bidding reaching $50,200. The auction includes the brand's assets, social media, and potential festival locations, despite McFarland's controversial history with the festival.
Darden Restaurants is considering closing or selling the Bahama Breeze brand due to strategic misalignment, while focusing on growing its successful Olive Garden chain and expanding internationally through new franchise agreements.