Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity
French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.
Plano, United States
Retail
J.C. Penney Rescue Deal Approved in Bankruptcy Court
The move will avert a liquidation that would have put the department store chain out of business and jeopardised tens of thousands of jobs.
J.C. Penney Rescue Deal Approved in Bankruptcy Court
The move will avert a liquidation that would have put the department store chain out of business and jeopardised tens of thousands of jobs.
Retail
CBL Files for Chapter 11 Bankruptcy Protection
The process will give the mall operator a chance to continue functioning while reorganising its finances and business.
CBL Files for Chapter 11 Bankruptcy Protection
The process will give the mall operator a chance to continue functioning while reorganising its finances and business.
Retail
J.C. Penney Posts Steep Sales Decline for Second Quarter
The American retailer reported sales of $1.39 billion in the period ended August 1, down from $2.51 billion a year earlier.
J.C. Penney Posts Steep Sales Decline for Second Quarter
The American retailer reported sales of $1.39 billion in the period ended August 1, down from $2.51 billion a year earlier.
Retail
J. C. Penney Shareholders at Risk of Wipeout Want Voice in Court
The group argues a liquidation would generate more than $8.4 billion, enough to pay off all creditors with some left over for shareholders.
J. C. Penney Shareholders at Risk of Wipeout Want Voice in Court
The group argues a liquidation would generate more than $8.4 billion, enough to pay off all creditors with some left over for shareholders.
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Retail
J.C. Penney Post-Bankruptcy Plan Includes Closing 29% of Stores
The retailer, which recently filed for Chapter 11 bankruptcy, expects net sales of $7.5 billion with its smaller fleet of 604 stores.
J.C. Penney Post-Bankruptcy Plan Includes Closing 29% of Stores
The retailer, which recently filed for Chapter 11 bankruptcy, expects net sales of $7.5 billion with its smaller fleet of 604 stores.
Financial Markets
J.C. Penney Files for Bankruptcy Protection
The U.S. department store chain said it reached an agreement with existing lenders for $900 million of financing to aid operations while it navigates bankruptcy proceedings in federal court.
J.C. Penney Files for Bankruptcy Protection
The U.S. department store chain said it reached an agreement with existing lenders for $900 million of financing to aid operations while it navigates bankruptcy proceedings in federal court.
Retail
Report: J.C. Penney to Prep for Debt Talks Ahead of Holiday Season
The department-store chain is said to be exploring ways to ease its debt burden and give breathing room for the CEO, who has been under pressure to turn the company around.
Report: J.C. Penney to Prep for Debt Talks Ahead of Holiday Season
The department-store chain is said to be exploring ways to ease its debt burden and give breathing room for the CEO, who has been under pressure to turn the company around.
News & Analysis
J.C. Penney Logs Disappointing Sales But CEO Says Change Is Coming
Despite a 9 percent fall in same-store sales in the latest quarter, the department store chain's chief executive foresees a sales turnaround.
J.C. Penney Logs Disappointing Sales But CEO Says Change Is Coming
Despite a 9 percent fall in same-store sales in the latest quarter, the department store chain's chief executive foresees a sales turnaround.
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News & Analysis
Report: J.C. Penney Taps Debt Restructuring Advisers
The retailer is making a high-stakes attempt to get its finances in order before its debt of about $4 billion comes due, according to sources familiar with the matter.
Report: J.C. Penney Taps Debt Restructuring Advisers
The retailer is making a high-stakes attempt to get its finances in order before its debt of about $4 billion comes due, according to sources familiar with the matter.
News & Analysis
Retailers J.C.Penney, Macy's Oppose Proposed Tariffs on Apparel and Footwear
The retail companies warn the US President's tariff proposal could have negative impacts on their sales.
Retailers J.C.Penney, Macy's Oppose Proposed Tariffs on Apparel and Footwear
The retail companies warn the US President's tariff proposal could have negative impacts on their sales.
Retail
J.C. Penney Posts Worse-Than-Expected Drop in Sales
As one of the oldest names in American retail, J.C. Penney has in recent years struggled to compete with fast-fashion brands and online shopping.
J.C. Penney Posts Worse-Than-Expected Drop in Sales
As one of the oldest names in American retail, J.C. Penney has in recent years struggled to compete with fast-fashion brands and online shopping.
Retail
J.C. Penney Rises as Wall Street Buys Into Turnaround Strategy
The retailer surged 25 percent as it revealed plans to close 15 more locations and announced a trio of new executives.
J.C. Penney Rises as Wall Street Buys Into Turnaround Strategy
The retailer surged 25 percent as it revealed plans to close 15 more locations and announced a trio of new executives.
The News in Brief
CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.