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
Financial Markets
J.C. Penney Talks With KKR, Ares, Lenders on Bankruptcy Loan
The plan would be included in a Chapter 11 court filing that could come next week, according to people with knowledge of the matter.
J.C. Penney Talks With KKR, Ares, Lenders on Bankruptcy Loan
The plan would be included in a Chapter 11 court filing that could come next week, according to people with knowledge of the matter.
Retail
J.Crew Says Bankruptcy Is the Reset it Needs. But There Actually Has to Be a Reset.
Just because consumers love the brand doesn't mean they want to buy the clothes.
J.Crew Says Bankruptcy Is the Reset it Needs. But There Actually Has to Be a Reset.
Just because consumers love the brand doesn't mean they want to buy the clothes.
Marketing
The Met Gala That Wasn't
This week, everyone will be talking about the Met Gala that wasn't, big brands on bankruptcy watch and China's sluggish retail sector. Get your BoF Professional Cheat Sheet.
The Met Gala That Wasn't
This week, everyone will be talking about the Met Gala that wasn't, big brands on bankruptcy watch and China's sluggish retail sector. Get your BoF Professional Cheat Sheet.
Retail
J. Crew Mulls Bankruptcy Under Pressure From Debt and Pandemic
A Chapter 11 bankruptcy would allow J. Crew to stay in business, cut its borrowings and close weak stores to minimize costs.
J. Crew Mulls Bankruptcy Under Pressure From Debt and Pandemic
A Chapter 11 bankruptcy would allow J. Crew to stay in business, cut its borrowings and close weak stores to minimize costs.
Retail
The American Department Store's Real-Time Reckoning
This week, everyone will be talking about the impending bankruptcies of several American department store chains, financial results from Tapestry and the success of "essential" retailers. Get your BoF Professional Cheat Sheet.
The American Department Store's Real-Time Reckoning
This week, everyone will be talking about the impending bankruptcies of several American department store chains, financial results from Tapestry and the success of "essential" retailers. Get your BoF Professional Cheat Sheet.
Retail
Lord & Taylor Explores Bankruptcy
It is one of several options that the retailer and its advisers are exploring, which also include trying to negotiate relief from creditors and finding additional financing, sources said.
Lord & Taylor Explores Bankruptcy
It is one of several options that the retailer and its advisers are exploring, which also include trying to negotiate relief from creditors and finding additional financing, sources said.
Retail
Report: J.C. Penney to Hire Advisors as It Mulls Debt Management Options
Brick-and-mortar retailers are struggling to keep up with the shift to online shopping, and the crisis has been exacerbated by the coronavirus outbreak.
Report: J.C. Penney to Hire Advisors as It Mulls Debt Management Options
Brick-and-mortar retailers are struggling to keep up with the shift to online shopping, and the crisis has been exacerbated by the coronavirus outbreak.
Retail
Report: Neiman Marcus Advances Bankruptcy Preparations
The department store began holding confidential discussions this week with bondholders about possible financing that would help the company continue operating while under bankruptcy protection, sources said.
Report: Neiman Marcus Advances Bankruptcy Preparations
The department store began holding confidential discussions this week with bondholders about possible financing that would help the company continue operating while under bankruptcy protection, sources said.
Retail
Barneys Ends Online Sales as It Prepares for New Ownership
The retailer suspended closeout sales on its websites and is transferring the remaining goods to Barneys stores slated to close.
Barneys Ends Online Sales as It Prepares for New Ownership
The retailer suspended closeout sales on its websites and is transferring the remaining goods to Barneys stores slated to close.
Retail
Debt-Laden Merchants Face Reckoning Amid Retail Apocalypse
Some of the most familiar names have already collapsed into bankruptcy or liquidated this year. Among the survivors, fates have diverged.
Debt-Laden Merchants Face Reckoning Amid Retail Apocalypse
Some of the most familiar names have already collapsed into bankruptcy or liquidated this year. Among the survivors, fates have diverged.
Retail
Despite the End of Barneys Itself, a Happy Holidays for Its Retail Workers
Some of the bankrupt store’s still-employed sales associates are determined to stick it out until the end of liquidation, thanks to high commissions and market demand for their skill set.
Despite the End of Barneys Itself, a Happy Holidays for Its Retail Workers
Some of the bankrupt store’s still-employed sales associates are determined to stick it out until the end of liquidation, thanks to high commissions and market demand for their skill set.
Retail
Barneys Bankruptcy Leads to Rare Black Friday Deals
The luxury retailer is offering store-wide discounts of up to 35 percent on brands such as Prada and Bottega Veneta, in a bid to jettison remaining merchandise.
Barneys Bankruptcy Leads to Rare Black Friday Deals
The luxury retailer is offering store-wide discounts of up to 35 percent on brands such as Prada and Bottega Veneta, in a bid to jettison remaining merchandise.
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.