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Luxottica Co-CEO Khan Resigns, Replaced by Founder Del Vecchio
Luxottica Group SpA said co-chief executive officer Adil Mehboob-Khan resigned, to be replaced by founder Leonardo Del Vecchio, as the board of directors approved a simplification of its structure.
Coach Profit Tops Analyst Estimates as New Products Boost Sales
Coach Inc. posted second-quarter profit that topped estimates and raised its full-year earnings outlook after new designs boosted sales.
Power Moves | Grace Coddington Steps Down, New CEOs at Adidas and Miansai
BoF compiles the most important professional moves of the week.
KKR Fashion Brands Said to Attract Bids From Lion Capital, Ruyi
SMCP, the KKR & Co.-backed owner of French fashion brands Sandro, Maje and Claudie Pierlot, has attracted bids from Lion Capital and Chinese textile producer Shandong Ruyi Group.
Alibaba Teams With Nvidia in $1 Billion Bet on Cloud Computing
Alibaba Group Holding Ltd. will work with Nvidia Corp. on cloud computing and artificial intelligence, and plans to enlist about 1,000 developers to work on its big-data platform during the next three years.
Tiffany Cuts Full-Year Earnings Outlook as Holiday Sales Decline
Tiffany & Co. cut its full-year profit forecast after reporting a drop in holiday sales.
Adidas Appoints Henkel’s Kasper Rorsted to Succeed Hainer as CEO
Adidas AG appointed Henkel AG & Co.’s Kasper Rorsted as chief executive officer to succeed Herbert Hainer.
Amazon Expands Logistics Reach with Move into Ocean Shipping
Amazon.com Inc's China arm has registered as an ocean freight forwarder, a move that will give it more control over shipping products from Chinese factories to US shoppers.
Quiksilver Said to Seek Financing in Bankruptcy Exit Preparation
Quiksilver Inc., the surfwear retailer, is in talks with banks for a loan that would help finance its business after it exits bankruptcy.
American Eagle Dives After Holiday Sales Fall Short of Estimates
American Eagle Outfitters Inc. suffered its worst stock decline in more than two years after holiday sales missed analysts’ estimates, stoking concerns about a company that had been outshining the rest of the teen-apparel industry.