Retail Still a Weak Spot as Reliance Profits Beat Expectations
The Indian oil-to-telecom giant saw its market value jump by a record $19 billion as earnings surged, but its retail division continues to lag.
acquisition
China
L'Occitane Agrees to Buy Skincare Brand Elemis for $900 Million
The acquisition will help bolster L’Occitane's growth globally, while Elemis can leverage its new parent company's geographical presence to expand into new markets.
News & Analysis
The Billionaire Behind Debenhams' Latest Shakeup
Sports Direct Mike Ashley, who owns about 29 percent of the department store chain, may look to snap up the company, having rescued House of Fraser in August.
News & Analysis
Hudson’s Bay Chairman Buys Stake Held by Ontario Pension Fund
Richard Baker, who built Hudson's Bay Co. into a collection of famous department stores, is buying an additional 8 percent stake held.
Luxury
Report: Trussardi Acquired by Quattro R
Trussardi’s founding family has sold the fashion house to investment fund Quattro R, according to a report published by Italian news site Pambianco.
Beauty
Op-Ed | Secrets of the Booming Beauty Business
The industry is getting a much-needed refresh that should keep bankers busy.
Luxury
Armani Will Remain Independent
Despite being approached by various suitors, the Italian fashion house intends to remain an independent player.
News & Analysis
Walmart Acquires Online Lingerie Retailer Bare Necessities
This marks the second apparel-focused acquisition for the world's biggest retailer in less than two weeks as it seeks deeper inroads into the online fashion space.
China
China’s Icicle Buys Carven
Icicle Fashion Group has acquired the Parisian fashion label, which filed for Chapter 11 bankruptcy in May.
Retail
Sports Direct Buys Department Store Frasers
The sportswear group has agreed to buy the freehold of the Glasgow's Frasers department store, which trades as part of the House of Fraser business, for £95 million.
News & Analysis
Remo Ruffini's Investment Company Takes Stake in Attico
Founded by Italian influencers Gilda Ambrosio and Giorgia Tordini, the buzzy young ready-to-wear and accessories brand has sold a 49 percent stake to Moncler's chief executive.
News & Analysis
Hyped Shopping App Spring Is About to Be Acquired
Shipping service ShopRunner is set to buy the digital mall, once dubbed 'Instagram for shopping,' for a fraction of the funding it raised.
News & Analysis
Walmart Acquires Plus-Sized Clothing Startup Eloquii
Walmart said the deal is expected to close this quarter.
The News in Brief
Hugo Boss Cuts Outlook Citing Weak Demand, Higher Costs
The German fashion house, recently taken over by Britain’s Frasers Group, is in the midst of a second turnaround effort under CEO Daniel Grieder.
Diotima’s Rachel Scott, Ralph Lauren Take Home Top Prizes at CFDA Awards
Colleen Allen won the emerging designer of the year award; Tory Burch, Linda Fargo and more take home honours.
Ye Announces ‘Yeezy Season 01’ Runway Show in Los Angeles
The show will unveil the brand’s first-ever flagship store and mark Ye’s first full-scale runway presentation in four years.
Style Capital Acquires Alessandro Dell’Acqua’s N21
Financial details of the deal for the Milan-based brand weren’t disclosed.
Lagos Fashion Week Continues to Flex its Pan-African Muscle
The buzzy Nigerian fashion event has attracted a cohort from across the continent, with designers from South Africa, Uganda and Morocco presenting their collections in the Nigerian city.
Estée Lauder Raises Outlook, Buoyed by Perfume Demand
Demand for the US conglomerate’s luxury fragrance brands like Le Labo, Tom Ford and By Kilian offset weaker performance from its makeup and haircare divisions.
Bangladesh Sets Up Wage Board as Garment Worker Unrest Shuts Factories
Violent protests over pay levels forced the closure of more than 500 factories over the weekend.