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JD.com Loses Lustre as Hedge Funds Backpedal Amid Slowing Growth
The US-traded stock has plunged 37 percent this year, wiping out almost $17 billion in market value.
Macy’s New CEO Brings Decades of Inside Experience to Top Post
Macy’s has picked career insider to be its next chief executive officer, betting that a manager with a background in merchandising can figure out a way to reinvent the struggling department-store chain.
Op-Ed | High-Fashion is a Good Fit for Qatar
The region's market is probably the best suited to the industry's business model and culture today.
Alibaba Wins Dismissal of Lawsuit Over Pre-IPO Regulatory Warning
Alibaba Group Holdings Ltd has won the dismissal of a US lawsuit accusing China's largest e-commerce company of defrauding shareholders by concealing a regulator's warning about its ability to suppress counterfeiting on its websites.
Valentino’s Qatari Owners Acquire Balmain
Mayhoola for Investments, an investment fund backed by the emir of Qatar, acquired Balmain, adding a brand favoured by Kim Kardashian to a roster of labels that includes Valentino.
Investcorp Takes Stake in Corneliani
Investcorp Bank, a Bahrain investment house that made its mark in the 1980s with buyouts of high-end retailers Gucci and Tiffany & Co., said it purchased a 55 percent interest in luxury Italian menswear maker Corneliani.
The Price of Transparency
The way luxury goods are priced in global markets is more transparent than ever, skewing where people shop, fuelling the grey market and dragging down sales, with no clear solution in sight.
Revlon Agrees to Buy Elizabeth Arden in $870 Million Deal
Revlon, the makeup company controlled by billionaire Ron Perelman, will buy Elizabeth Arden Inc. for $14 a share, adding celebrity fragrances and other products to its cosmetics lineup.
Power Moves | David Neville to Exit Rag & Bone, Proenza Schouler CEO, Burberry COO to Resign
BoF compiles the most important professional moves of the week.
BoF Exclusive | David Neville to Exit Rag & Bone
BoF has learned that co-chief executive officer David Neville will step down from his day-to-day role at Rag & Bone, while remaining a ‘significant’ shareholder and board member. Marcus Wainwright will become the company’s sole CEO.