The News In Brief
Saks Mulls Bankruptcy Year After Raising Billions for Turnaround
The company is also weighing additional ways to shore up liquidity, including raising emergency financing or selling assets, Bloomberg reported.
Saks Mulls Bankruptcy Year After Raising Billions for Turnaround
The company is also weighing additional ways to shore up liquidity, including raising emergency financing or selling assets, Bloomberg reported.
UK Consumer Spending Power Grows Ahead of Christmas, Asda Says
Price inflation in British shops eased to the lowest level in five months in November, according to the British Retail Consortium.
UK Consumer Spending Power Grows Ahead of Christmas, Asda Says
Price inflation in British shops eased to the lowest level in five months in November, according to the British Retail Consortium.
Report: UK Fashion Label LK Bennett Seeks Accelerated Sale
The chain is working with Alvarez & Marsal to sound out potential buyers and investors, Sky News reported.
Report: UK Fashion Label LK Bennett Seeks Accelerated Sale
The chain is working with Alvarez & Marsal to sound out potential buyers and investors, Sky News reported.
Struggling Coty Names P&G Veteran as Interim CEO
Markus Strobel will replacing Sue Nabi, as the company faces pressure on its mass-market business and a steep share-price decline.
Struggling Coty Names P&G Veteran as Interim CEO
Markus Strobel will replacing Sue Nabi, as the company faces pressure on its mass-market business and a steep share-price decline.
Raf Simons Brand to Sell Archive at Dover Street Market Ginza
The sale in Tokyo comes three years after the Belgian designer shut down his label.
Raf Simons Brand to Sell Archive at Dover Street Market Ginza
The sale in Tokyo comes three years after the Belgian designer shut down his label.
Golden Goose Sneakers Sold by Permira to Chinese Firm HSG
The deal values the company at slightly over $2.9 billion, Bloomberg reported.
Golden Goose Sneakers Sold by Permira to Chinese Firm HSG
The deal values the company at slightly over $2.9 billion, Bloomberg reported.
PR Firm BPCM Names New Leadership
Co-founders Vanessa von Bismarck and Carrie Ellen Phillips have appointed chief-of-staff Nancy Cuocci and global managing director Victor de Vita as partners.
PR Firm BPCM Names New Leadership
Co-founders Vanessa von Bismarck and Carrie Ellen Phillips have appointed chief-of-staff Nancy Cuocci and global managing director Victor de Vita as partners.
Pat McGrath Labs Puts Assets Up for Sale
The legendary makeup artist’s eponymous brand is undergoing ‘restructuring and recapitalisation processes’ expected to be completed in 2026.
Pat McGrath Labs Puts Assets Up for Sale
The legendary makeup artist’s eponymous brand is undergoing ‘restructuring and recapitalisation processes’ expected to be completed in 2026.
Nike’s China Conundrum Deepens as Turnaround Stagnates
In the Chinese market, the athletic brand is facing a sixth straight quarter of sales decline and mounting margin pain despite aggressive efforts to refresh product offerings.
Nike’s China Conundrum Deepens as Turnaround Stagnates
In the Chinese market, the athletic brand is facing a sixth straight quarter of sales decline and mounting margin pain despite aggressive efforts to refresh product offerings.
Coty Sells Remaining Stake of Wella in $750 Million Deal with KKR
Coty said on Friday it sold its remaining 25.8 percent stake in the hair care brand, while retaining rights to a share of any future sale or initial public offering proceeds.
Coty Sells Remaining Stake of Wella in $750 Million Deal with KKR
Coty said on Friday it sold its remaining 25.8 percent stake in the hair care brand, while retaining rights to a share of any future sale or initial public offering proceeds.
Retail Sales Unexpectedly Fall in UK in Run-Up to Christmas
Retail sales surprisingly dropped 0.1% in November, falling short of expected growth and showing a "weaker than usual" boost from the Black Friday sales event.
Retail Sales Unexpectedly Fall in UK in Run-Up to Christmas
Retail sales surprisingly dropped 0.1% in November, falling short of expected growth and showing a "weaker than usual" boost from the Black Friday sales event.
TikTok Signs Deal to Sell US Unit to American Investor-Led Venture
The deal, set to close on Jan. 22, would end years of efforts to force the app’s Chinese parent ByteDance to divest its US business over national security concerns.
TikTok Signs Deal to Sell US Unit to American Investor-Led Venture
The deal, set to close on Jan. 22, would end years of efforts to force the app’s Chinese parent ByteDance to divest its US business over national security concerns.