The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
department-stores
Retail
John Lewis Set to Close Eight Stores and Cut 1,300 Jobs
The move follows as the British department store chain focuses on e-commerce, which is set to represent around 60 to 70 percent of its total sales this year and next.
John Lewis Set to Close Eight Stores and Cut 1,300 Jobs
The move follows as the British department store chain focuses on e-commerce, which is set to represent around 60 to 70 percent of its total sales this year and next.
Retail
Dior's Air Jordans and the Return of Pre-Pandemic Hype
This week, everyone will be talking about the long-delayed release of Dior's Air Jordan sneakers, how the spike in US coronavirus cases affects retail and the path forward for department stores. Get your BoF Professional Cheat Sheet.
Dior's Air Jordans and the Return of Pre-Pandemic Hype
This week, everyone will be talking about the long-delayed release of Dior's Air Jordan sneakers, how the spike in US coronavirus cases affects retail and the path forward for department stores. Get your BoF Professional Cheat Sheet.
Retail
Macy's Raises $4.5 Billion to Shore Up Funds as Stores Reopen
Shares of the company, which also owns Bloomingdale's, surged about 11 percent after the bell.
Macy's Raises $4.5 Billion to Shore Up Funds as Stores Reopen
Shares of the company, which also owns Bloomingdale's, surged about 11 percent after the bell.
Retail
How Harrods Is Solving Its Excess Inventory Problem
Facing an unprecedented volume of unsold goods after weeks of Covid-19 lockdowns, the British department store is launching an outlet at London’s Westfield White City shopping mall.
How Harrods Is Solving Its Excess Inventory Problem
Facing an unprecedented volume of unsold goods after weeks of Covid-19 lockdowns, the British department store is launching an outlet at London’s Westfield White City shopping mall.
Retail
Forty Five Ten's Future Is In Limbo After Cutting Staff and Closing Stores
The multi-brand retailer hasn't announced plans to reopen and is operating with a skeleton crew, weeks after the lockdown was lifted in its home state of Texas.
Forty Five Ten's Future Is In Limbo After Cutting Staff and Closing Stores
The multi-brand retailer hasn't announced plans to reopen and is operating with a skeleton crew, weeks after the lockdown was lifted in its home state of Texas.
Retail
Kohl's Cuts Jennifer Lopez Brand and Other Women's Labels
Kohl's had been struggling in women's apparel even before the pandemic as consumers shifted to online shopping and fast-fashion brands.
Kohl's Cuts Jennifer Lopez Brand and Other Women's Labels
Kohl's had been struggling in women's apparel even before the pandemic as consumers shifted to online shopping and fast-fashion brands.
Financial Markets
Neiman Marcus Creditor Calls for Deal With Saks Fifth Avenue
A letter by the creditor suggests that combining the two luxury retailers would create between $2.8 billion and $4.7 billion of value.
Neiman Marcus Creditor Calls for Deal With Saks Fifth Avenue
A letter by the creditor suggests that combining the two luxury retailers would create between $2.8 billion and $4.7 billion of value.
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.
Beauty
J.C. Penney, Sephora Settle Dispute Over Beauty Boutiques
J.C. Penney is struggling to refinance billions in loans and missed a debt payment last month, although the chain is current on its rent.
J.C. Penney, Sephora Settle Dispute Over Beauty Boutiques
J.C. Penney is struggling to refinance billions in loans and missed a debt payment last month, although the chain is current on its rent.
Retail
Can Neiman Marcus Survive Bankruptcy?
Beyond restructuring its $5 billion of debt, the Dallas-based luxury department store chain still needs to reinvent itself to survive in the long run, experts say.
Can Neiman Marcus Survive Bankruptcy?
Beyond restructuring its $5 billion of debt, the Dallas-based luxury department store chain still needs to reinvent itself to survive in the long run, experts say.
Retail
J.C. Penney Sues to Block Sephora From Closing In-Store Boutiques
Sephora has complained about boutique employees being furloughed during the pandemic and is demanding that all hard surfaces be cleaned with a special electrostatic spray.
J.C. Penney Sues to Block Sephora From Closing In-Store Boutiques
Sephora has complained about boutique employees being furloughed during the pandemic and is demanding that all hard surfaces be cleaned with a special electrostatic spray.
Retail
What Will Stores Look Like When They Reopen?
From luxury drive-throughs to sanitised garments, retail is going to be drastically different from now on.
What Will Stores Look Like When They Reopen?
From luxury drive-throughs to sanitised garments, retail is going to be drastically different from now on.
The News in Brief
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.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.