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.
bankruptcy
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.
Retail
Lord & Taylor Files for Bankruptcy
Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.
Lord & Taylor Files for Bankruptcy
Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.
Retail
Men's Wearhouse Owner Likely to File for Bankruptcy in Third Quarter
Tailored Brands Inc. also announced plans earlier this month to close up to 500 stores and cut 20 percent of its corporate workforce.
Men's Wearhouse Owner Likely to File for Bankruptcy in Third Quarter
Tailored Brands Inc. also announced plans earlier this month to close up to 500 stores and cut 20 percent of its corporate workforce.
Retail
Report: Authentic Brands and Sycamore Partners Weigh Bids for Ann Taylor Owner
Ascena Retail Group had been struggling to contend with dated brands and merchandise and a shift to online shopping despite a string of acquisitions over the years.
Report: Authentic Brands and Sycamore Partners Weigh Bids for Ann Taylor Owner
Ascena Retail Group had been struggling to contend with dated brands and merchandise and a shift to online shopping despite a string of acquisitions over the years.
Retail
Brooks Brothers Enters Purchase Deal With Authentic Brands and Simon Property Group
The move could preserve the apparel brand as a going concern and help its operations in at least 125 stores.
Brooks Brothers Enters Purchase Deal With Authentic Brands and Simon Property Group
The move could preserve the apparel brand as a going concern and help its operations in at least 125 stores.
Retail
Ann Taylor Owner Files for Bankruptcy
Ascena Retail Group, which listed about $12.5 billion of debts, has entered into a restructuring support agreement with over 68 percent of its secured term lenders.
Ann Taylor Owner Files for Bankruptcy
Ascena Retail Group, which listed about $12.5 billion of debts, has entered into a restructuring support agreement with over 68 percent of its secured term lenders.
Retail
Muji USA Files for Chapter 11 Bankruptcy
Even before the pandemic hit, the Japanese retailer's US unit had been operating at a loss for the past three fiscal years.
Muji USA Files for Chapter 11 Bankruptcy
Even before the pandemic hit, the Japanese retailer's US unit had been operating at a loss for the past three fiscal years.
Retail
Report: Ann Taylor Owner Prepares for Potential Bankruptcy Filing
Ascena Retail Group could enter Chapter 11 as soon as this week with a creditor agreement in place that eliminates around $700 million of its $1.1 billion debt load.
Report: Ann Taylor Owner Prepares for Potential Bankruptcy Filing
Ascena Retail Group could enter Chapter 11 as soon as this week with a creditor agreement in place that eliminates around $700 million of its $1.1 billion debt load.
Retail
Sycamore Partners in Talks to Buy J.C.Penney, Sources Say
J.C.Penney is also reportedly in touch with some of its landlords, including Brookfield Asset Management Inc and Simon Property Group, about possible transactions.
Sycamore Partners in Talks to Buy J.C.Penney, Sources Say
J.C.Penney is also reportedly in touch with some of its landlords, including Brookfield Asset Management Inc and Simon Property Group, about possible transactions.
Retail
Is This the End of the American Mall as We Know It?
Too many stores are chasing a customer who no longer exists. As the pandemic wipes out these retailers, the malls they occupy will also become obsolete.
Is This the End of the American Mall as We Know It?
Too many stores are chasing a customer who no longer exists. As the pandemic wipes out these retailers, the malls they occupy will also become obsolete.
Financial Markets
What the Bankruptcy Onslaught Means for the Future of Retail
Filing for Chapter 11 looks different now. Here's what retailers and their partners need to know.
What the Bankruptcy Onslaught Means for the Future of Retail
Filing for Chapter 11 looks different now. Here's what retailers and their partners need to know.
Financial Markets
Bankruptcy Court Approves Neiman Marcus' Plea to Access Financing
The luxury department store arranged $675 million of debtor-in-possession financing to aid operations while it attempts to reorganise.
Bankruptcy Court Approves Neiman Marcus' Plea to Access Financing
The luxury department store arranged $675 million of debtor-in-possession financing to aid operations while it attempts to reorganise.
The News in Brief
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.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.