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.
Texas, United States
News & Analysis
J.C. Penney Ditches Home Appliances to Focus on Apparel
The company also plans to largely halt selling furniture, which will now only be available in select stores in Puerto Rico and on J.C. Penney websites.
J.C. Penney Ditches Home Appliances to Focus on Apparel
The company also plans to largely halt selling furniture, which will now only be available in select stores in Puerto Rico and on J.C. Penney websites.
News & Analysis
J.C. Penney's Seeking Yet Another Leader After CEO's Abrupt Exit
Marvin Ellison was poached by home-improvement retailer Lowe’s, a surprise exit that sent J.C. Penney’s stock down to historic lows.
J.C. Penney's Seeking Yet Another Leader After CEO's Abrupt Exit
Marvin Ellison was poached by home-improvement retailer Lowe’s, a surprise exit that sent J.C. Penney’s stock down to historic lows.
Retail
New Neiman Marcus CEO Faces Steep Challenge of Billions in Debt
Geoffroy van Raemdonck, who becomes chief executive officer next month, is taking over a retailer facing heavy losses, an industrywide traffic slowdown and nearly $5 billion in debt.
New Neiman Marcus CEO Faces Steep Challenge of Billions in Debt
Geoffroy van Raemdonck, who becomes chief executive officer next month, is taking over a retailer facing heavy losses, an industrywide traffic slowdown and nearly $5 billion in debt.
News & Analysis
How Dickies' Work Clothes Went From Reliable to High Fashion
Partnerships with Opening Ceremony and other brands have pushed the workwear stalwart to the centre of America’s fashion conversation — just in time for it to be scooped up by a massive clothing conglomerate.
How Dickies' Work Clothes Went From Reliable to High Fashion
Partnerships with Opening Ceremony and other brands have pushed the workwear stalwart to the centre of America’s fashion conversation — just in time for it to be scooped up by a massive clothing conglomerate.
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Retail
JC Penney Shares Tumble 25 Percent
The company's stock drop followed its prediction of losses in the third quarter, renewing the sense that department stores are losing ground to e-commerce.
JC Penney Shares Tumble 25 Percent
The company's stock drop followed its prediction of losses in the third quarter, renewing the sense that department stores are losing ground to e-commerce.
Financial Markets
Fossil Rises After Fourth-Quarter Sales Beat Analyst Estimates
Fossil Group Inc. rose as much as 18 percent in late trading after the watchmaker’s fourth-quarter sales topped analysts’ estimates, helped by new brands and investments in its digital operations.
Fossil Rises After Fourth-Quarter Sales Beat Analyst Estimates
Fossil Group Inc. rose as much as 18 percent in late trading after the watchmaker’s fourth-quarter sales topped analysts’ estimates, helped by new brands and investments in its digital operations.
Financial Markets
J.C. Penney Looking at Sale-Leaseback Deal for Texas Headquarters
Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.
J.C. Penney Looking at Sale-Leaseback Deal for Texas Headquarters
Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.
News & Analysis
Navajo Nation Seeks Millions in Urban Outfitters Dispute
The Navajo Nation is seeking potentially millions of dollars from Urban Outfitters Inc. over clothing, jewellery and other merchandise bearing the tribe's name that the popular retailer has sold.
Navajo Nation Seeks Millions in Urban Outfitters Dispute
The Navajo Nation is seeking potentially millions of dollars from Urban Outfitters Inc. over clothing, jewellery and other merchandise bearing the tribe's name that the popular retailer has sold.
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Financial Markets
Fossil Group Tops 3Q Profit Forecasts
Fossil Group Inc. on Thursday reported third-quarter earnings of $57.5 million. The results surpassed Wall Street expectations.
Fossil Group Tops 3Q Profit Forecasts
Fossil Group Inc. on Thursday reported third-quarter earnings of $57.5 million. The results surpassed Wall Street expectations.
Financial Markets
J.C. Penney Posts Smaller Loss as Sephora, Menswear Drive Sales
J.C. Penney Co. posted a second-quarter loss that was smaller than analysts estimated as sales of men’s clothing and Sephora cosmetics boosted sales.
J.C. Penney Posts Smaller Loss as Sephora, Menswear Drive Sales
J.C. Penney Co. posted a second-quarter loss that was smaller than analysts estimated as sales of men’s clothing and Sephora cosmetics boosted sales.
Financial Markets
Fossil Group Beats 2Q Profit Forecasts
Fossil Group Inc. on Tuesday reported second-quarter net income of $54.6 million. The results surpassed Wall Street expectations.
Fossil Group Beats 2Q Profit Forecasts
Fossil Group Inc. on Tuesday reported second-quarter net income of $54.6 million. The results surpassed Wall Street expectations.
Retail
Fossil Group Tops 3Q Forecasts
Fossil Group Inc. on Tuesday reported third-quarter earnings of $103.7 million. The results beat Wall Street expectations.
Fossil Group Tops 3Q Forecasts
Fossil Group Inc. on Tuesday reported third-quarter earnings of $103.7 million. The results beat Wall Street expectations.
The News in Brief
Will Jewellery Help Shape Luxury’s Winners?
As weak appetite for handbags and geopolitical tensions weigh on fashion sales, luxury groups are leaning on high-performing jewellery to help boost growth and steady profit margins.
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.