Next Upgrades Profit Outlook Again on Strong Summer Spending
The UK retailer said it benefited from sunny weather and the release of some “pent-up demand” in the Middle East and northern Europe.
Houston, United States
Retail
Men's Wearhouse Owner Files for Bankruptcy
Tailored Brands announced it has entered into a restructuring agreement with more than 75 percent of its senior lenders, which could reduce the company's debt by at least $630 million.
Men's Wearhouse Owner Files for Bankruptcy
Tailored Brands announced it has entered into a restructuring agreement with more than 75 percent of its senior lenders, which could reduce the company's debt by at least $630 million.
News & Analysis
Charming Charlie, Back in Bankruptcy, to Close All Stores
The retailer has filed for chapter 11 bankruptcy protection, marking the second time within two years.
Charming Charlie, Back in Bankruptcy, to Close All Stores
The retailer has filed for chapter 11 bankruptcy protection, marking the second time within two years.
Beauty
Drunk Elephant's Tiffany Masterson Open to a Buyer But Says No Deal Imminent
The beauty start-up has already hired bankers to represent it in a potential sale, but isn’t close to finalising any deals, according to the beauty start-up's founder.
Drunk Elephant's Tiffany Masterson Open to a Buyer But Says No Deal Imminent
The beauty start-up has already hired bankers to represent it in a potential sale, but isn’t close to finalising any deals, according to the beauty start-up's founder.
Beauty
Drunk Elephant Founder Says There Are No Shortcuts in Life
Amid reports that the skincare start-up is exploring a sale, founder Tiffany Masterson shares the best decision and biggest mistake of her entrepreneurship journey.
Drunk Elephant Founder Says There Are No Shortcuts in Life
Amid reports that the skincare start-up is exploring a sale, founder Tiffany Masterson shares the best decision and biggest mistake of her entrepreneurship journey.
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Financial Markets
Men's Wearhouse Misses Street 1Q Forecasts
Men's Wearhouse has reported fiscal first-quarter profit of $1.6 million.
Men's Wearhouse Misses Street 1Q Forecasts
Men's Wearhouse has reported fiscal first-quarter profit of $1.6 million.
Financial Markets
Men’s Wearhouse Owner to Close Hundreds of Stores as Sales Slide
Tailored Brands Inc. plans to shutter about 250 locations, including all its outlet stores, as the owner of Men’s Wearhouse and Jos. A. Bank copes with sluggish sales.
Men’s Wearhouse Owner to Close Hundreds of Stores as Sales Slide
Tailored Brands Inc. plans to shutter about 250 locations, including all its outlet stores, as the owner of Men’s Wearhouse and Jos. A. Bank copes with sluggish sales.
News & Analysis
Nike Said to Face Bidding War for NCAA’s Richest Program
Nike Inc. won’t renew its apparel contract with the University of Texas before the company’s exclusive negotiating window expires on Oct. 1.
Nike Said to Face Bidding War for NCAA’s Richest Program
Nike Inc. won’t renew its apparel contract with the University of Texas before the company’s exclusive negotiating window expires on Oct. 1.
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The News in Brief
Shiseido’s Profits Recover In First Half Amid Turnaround
Growth turned positive in the second quarter, driven by key regions like the Americas, as the Japanese giant executes its yearlong restructuring plan.
Amazon Loses US Court Ban on Perplexity’s AI Shopping Tools
The ruling is the first by a federal appeals court to address whether AI agents acting on behalf of users can legally access online platforms.
Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.