Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
bankruptcy
Retail
For Barneys' Brands, It's All About Damage Control
Under the owner Authentic Brands Group, vendors will not only lose a long-term buyer but also endure deep discounts in Barneys liquidation sales.
For Barneys' Brands, It's All About Damage Control
Under the owner Authentic Brands Group, vendors will not only lose a long-term buyer but also endure deep discounts in Barneys liquidation sales.
Retail
It’s Official: Barneys New York's New Owner Is Authentic Brands Group
The licensing firm’s $271.4 million acquisition of the bankrupt luxury department store has closed, but there are plans to keep a physical footprint.
It’s Official: Barneys New York's New Owner Is Authentic Brands Group
The licensing firm’s $271.4 million acquisition of the bankrupt luxury department store has closed, but there are plans to keep a physical footprint.
Retail
Forever 21 Avoids Store Closures After Rent Cuts
The fast-fashion retailer will retain 60 of its US stores that were previously planned for closure after filing for bankruptcy in September.
Forever 21 Avoids Store Closures After Rent Cuts
The fast-fashion retailer will retain 60 of its US stores that were previously planned for closure after filing for bankruptcy in September.
News & Analysis
‘Retail Mayhem’: The Fight for Barneys Goes to Court
"It will affect everyone, even online."
‘Retail Mayhem’: The Fight for Barneys Goes to Court
"It will affect everyone, even online."
Financial Markets
Authentic Brands Declares Victory in Barneys Bid, But It's Not a Done Deal
Authentic Brands Group said it had succeeded in its bid for the luxury retailer, but two competing bidders say they are still in the running.
Authentic Brands Declares Victory in Barneys Bid, But It's Not a Done Deal
Authentic Brands Group said it had succeeded in its bid for the luxury retailer, but two competing bidders say they are still in the running.
Retail
Why Kith's First Investor Hasn't Given Up on Saving Barneys
With support from retail industry veterans including Andrew Rosen and billionaire Ron Burkle, Sam Ben-Avraham has raised $300 million for a competing bid against ABG and has his sight set on restoring Barneys to its former glory as New York’s coolest retailer.
Why Kith's First Investor Hasn't Given Up on Saving Barneys
With support from retail industry veterans including Andrew Rosen and billionaire Ron Burkle, Sam Ben-Avraham has raised $300 million for a competing bid against ABG and has his sight set on restoring Barneys to its former glory as New York’s coolest retailer.
Financial Markets
Authentic Brands Group Bids $271 Million For Barneys, Plans to Close All 7 Stores
The licensing group is the preferred bidder in an auction that runs through Oct. 22. If the bid succeeds, liquidation could start soon after.
Authentic Brands Group Bids $271 Million For Barneys, Plans to Close All 7 Stores
The licensing group is the preferred bidder in an auction that runs through Oct. 22. If the bid succeeds, liquidation could start soon after.
Retail
The Business of Saving Barneys
Reviving the upscale department store chain will take more than a Kith-like remake.
The Business of Saving Barneys
Reviving the upscale department store chain will take more than a Kith-like remake.
Financial Markets
Barneys Considers Buyout Proposal From Retail Investor Group
The effort is being led by Sam Ben-Avraham, known for his roles in starting New York retail store Atrium and streetwear brand Kith, said people familiar with the matter.
Barneys Considers Buyout Proposal From Retail Investor Group
The effort is being led by Sam Ben-Avraham, known for his roles in starting New York retail store Atrium and streetwear brand Kith, said people familiar with the matter.
Retail
Forever 21 Needs Older Shoppers to Come Back From Bankruptcy
The retailer filed for bankruptcy protection on Sunday, and its turnaround plan relies on luring in shoppers who are actually willing to buy clothes at full price.
Forever 21 Needs Older Shoppers to Come Back From Bankruptcy
The retailer filed for bankruptcy protection on Sunday, and its turnaround plan relies on luring in shoppers who are actually willing to buy clothes at full price.
Retail
Forever 21 Founders Borrowed $10 Million From Their Daughters
The offspring are now named as unsecured creditors of their parents’ company in the bankruptcy filings.
Forever 21 Founders Borrowed $10 Million From Their Daughters
The offspring are now named as unsecured creditors of their parents’ company in the bankruptcy filings.
News & Analysis
Forever 21 Files for Bankruptcy
The fast-fashion apparel retailer joins a growing list of brick-and-mortar players who have taken a hit from fierce e-commerce competition.
Forever 21 Files for Bankruptcy
The fast-fashion apparel retailer joins a growing list of brick-and-mortar players who have taken a hit from fierce e-commerce competition.
The News in Brief
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.