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Kate Spade Upgraded as Wells Fargo Predicts Comeback for Brand
Kate Spade & Co. was upgraded by Wells Fargo & Co. analyst Ike Boruchow, who sees the handbag maker’s sales and profit margins improving in the second half of the year.
AB Foods Drops as Primark’s Summer Slowdown Prompts Selloff
LONDON, United Kingdom— Associated British Foods Plc shares fell as sales at the company’s budget fashion chain Primark dropped over the summer.
House of Fraser's Chinese Owner Hires Weiss to Lead Overseas M&A
Sanpower Group, the Chinese owner of Britain’s House of Fraser department store chain, hired former Sailing Capital Management Co. managing director Michael Weiss to head its overseas dealmaking.
Coupang Sales Growth Bolsters SoftBank’s Bet on Korean Retailer
Coupang’s net sales more than doubled in the first half of the year, validating SoftBank’s bet that the South Korean web retailer will carve out a piece of Asia’s booming e-commerce market.
At US Open, Japanese Companies Leave Nike, Adidas in the Dust
As the 2016 Grand Slam draws to a close, Japanese brands have far outpaced their Western competition.
Kangol Manufacturer Brings Hat-Making Machines Back to US
Bollman Hat Co., which produces a style of hats made famous by actor Samuel L. Jackson and rappers, has moved its hat-making machines from China to Lancaster County.
Nike, Polo’s Marooned Suppliers Race to Meet Thanksgiving Rush
Suppliers to companies from Nike to Hugo Boss are scrambling to ensure their T-shirts and sneakers reach buyers in time for the year-end holiday season after the collapse of Hanjin Shipping Co. left an estimated $14 billion worth of goods adrift.
Hugo Boss US Chief to Be Replaced as Clothier Seeks Revival
Hugo Boss said the head of its ailing US business, Gerrit Ruetzel, will be replaced at the end of the month after less than two years in the job.
The China Edit | Anya Hindmarch in 'Attack Mode', Teenie Weenie Sold for $900M
This week, Anya Hindmarch sees 'masses of opportunity' for her business in China, and V-Grass Fashion Co. has bought Teenie Weenie for $900 million.
Totokaelo Acquired by Herschel Supply Co. Owner
Young-luxury retailer Totokaelo, which opened an ambitious store in New York City last autumn, has entered into a deal with Vancouver-based Herschel Capital Corp., the owner of accessories brand Herschel Supply Co.