Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
department-stores
Retail
Barneys Files for Bankruptcy As Rents Rise and Visitors Fall
The Chapter 11 filing allows Barneys to stay open while it works out a plan to turn around the business and pay its debts.
Barneys Files for Bankruptcy As Rents Rise and Visitors Fall
The Chapter 11 filing allows Barneys to stay open while it works out a plan to turn around the business and pay its debts.
Retail
Barneys Considers Bankruptcy Financing Plans With Wells Fargo
The chain is negotiating the terms of a debtor-in-possession loan that would finance operations while Barneys works out a deal in court with landlords and lenders, according to people with knowledge of the situation.
Barneys Considers Bankruptcy Financing Plans With Wells Fargo
The chain is negotiating the terms of a debtor-in-possession loan that would finance operations while Barneys works out a deal in court with landlords and lenders, according to people with knowledge of the situation.
Retail
Catalyst Capital Seeks $114M Hudson's Bay Stake
The Private Equity firm offered to buy up to 14.85 million shares of the retail group in a bid to oppose Executive Chairman Richard Baker's plans to take the company private.
Catalyst Capital Seeks $114M Hudson's Bay Stake
The Private Equity firm offered to buy up to 14.85 million shares of the retail group in a bid to oppose Executive Chairman Richard Baker's plans to take the company private.
Retail
Barneys Is Considering Bankruptcy
The luxury department store has around $250 million of debt obligations and, earlier this year, sought to downsize its Madison Avenue store to reduce the $30 million annual rent cost.
Barneys Is Considering Bankruptcy
The luxury department store has around $250 million of debt obligations and, earlier this year, sought to downsize its Madison Avenue store to reduce the $30 million annual rent cost.
Luxury
Barneys New York Explores Options That Include Bankruptcy
It's weighing other possible solutions as it struggles with high rents and changing consumer tastes.
Barneys New York Explores Options That Include Bankruptcy
It's weighing other possible solutions as it struggles with high rents and changing consumer tastes.
Retail
World Trade Center Mall Has a Plan to Get You to Stick Around
With visitors only spending an average of about half an hour at the mall, its operator plans remain relevant with more food choices, seating, pop-up shops, health and wellness options and entertainment.
World Trade Center Mall Has a Plan to Get You to Stick Around
With visitors only spending an average of about half an hour at the mall, its operator plans remain relevant with more food choices, seating, pop-up shops, health and wellness options and entertainment.
Retail
Hudson's Bay's Chairman's Buyout Bid Pits Retail Versus Real Estate
Much of the retailer's value is locked up in its real estate. Were it to sell off some of its properties to raise cash, it could fetch more than what Executive Chairman Richard Baker offered, but would then be forced to pay rent to run some of its stores.
Hudson's Bay's Chairman's Buyout Bid Pits Retail Versus Real Estate
Much of the retailer's value is locked up in its real estate. Were it to sell off some of its properties to raise cash, it could fetch more than what Executive Chairman Richard Baker offered, but would then be forced to pay rent to run some of its stores.
Retail
Are J. Crew and Neiman Marcus on the Path to an IPO?
PetSmart's massively successful stock offering of Chewy.com is stoking speculation that other deeply indebted retailers will stage sales of their own.
Are J. Crew and Neiman Marcus on the Path to an IPO?
PetSmart's massively successful stock offering of Chewy.com is stoking speculation that other deeply indebted retailers will stage sales of their own.
Retail
Investor Calls Hudson's Bay Chairman's Offer 'Inadequate'
The shareholder called on the Canadian department store operator to explore strategic alternatives and hire an independent investment bank to evaluate the value of its real estate and retail banners.
Investor Calls Hudson's Bay Chairman's Offer 'Inadequate'
The shareholder called on the Canadian department store operator to explore strategic alternatives and hire an independent investment bank to evaluate the value of its real estate and retail banners.
Retail
Is There Hope for Wholesale?
In the age of access, the wholesale distribution model, which comes with inventory risk and high working-capital requirements, no longer makes a lot of sense.
Is There Hope for Wholesale?
In the age of access, the wholesale distribution model, which comes with inventory risk and high working-capital requirements, no longer makes a lot of sense.
Retail
Hudson's Bay Posts Wider-Than-Expected Loss
The owner of Saks Fifth Avenue and Lord & Taylor said earlier this week it was evaluating a $1.3 billion go-private cash offer from its executive chairman and other shareholders.
Hudson's Bay Posts Wider-Than-Expected Loss
The owner of Saks Fifth Avenue and Lord & Taylor said earlier this week it was evaluating a $1.3 billion go-private cash offer from its executive chairman and other shareholders.
Retail
Nordstrom Quarterly Revenue Drops
The department store's total revenue fell 3.3 percent to $3.44 billion, falling short of analysts' estimates of $3.58 billion. Shares subsequently dropped more than 9 percent.
Nordstrom Quarterly Revenue Drops
The department store's total revenue fell 3.3 percent to $3.44 billion, falling short of analysts' estimates of $3.58 billion. Shares subsequently dropped more than 9 percent.
The News in Brief
Perelel Expands C-Suite, Tapping Rare Beauty’s CMO
Known for its prenatal vitamins, the wellness label has hired Rare Beauty's Ashley Murphy as its chief marketing officer, while Anjelika Temple moves into the chief creative officer role.
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
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.”
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.