Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.
earnings-report
Financial Markets
Luxury Sector Rallies On LVMH Results
In this month's Market Pulse, a set of impressive results by the French luxury conglomerate kickstarted 2019 with a note of optimism.
Luxury Sector Rallies On LVMH Results
In this month's Market Pulse, a set of impressive results by the French luxury conglomerate kickstarted 2019 with a note of optimism.
Financial Markets
Amazon Reports Better Than Expected Holiday Season Sales
But shares fell after the company's projections for the first quarter missed analyst estimates.
Amazon Reports Better Than Expected Holiday Season Sales
But shares fell after the company's projections for the first quarter missed analyst estimates.
Financial Markets
Vuitton Handbags Boost LVMH Sales
LVMH on Tuesday said it was "cautiously" confident about the year ahead after fourth-quarter sales held up in the face of fears of a slowdown in China.
Vuitton Handbags Boost LVMH Sales
LVMH on Tuesday said it was "cautiously" confident about the year ahead after fourth-quarter sales held up in the face of fears of a slowdown in China.
Luxury
LVMH Eases Fears of a Luxury Slowdown in China
LVMH posted a 9 percent rise in fourth-quarter comparable sales, in line with forecasts, despite concerns over a slowdown in China.
LVMH Eases Fears of a Luxury Slowdown in China
LVMH posted a 9 percent rise in fourth-quarter comparable sales, in line with forecasts, despite concerns over a slowdown in China.
Luxury
What Will LVMH's Annual Results Reveal About the China Slowdown?
This week, everyone will be talking about LVMH's annual results, the end of the government shutdown and Amazon's improving fashion sense. Read our BoF Professional Cheat Sheet.
What Will LVMH's Annual Results Reveal About the China Slowdown?
This week, everyone will be talking about LVMH's annual results, the end of the government shutdown and Amazon's improving fashion sense. Read our BoF Professional Cheat Sheet.
Financial Markets
VF's Results Ease China Concerns
Vans parent company VF Corp.’s quarterly beat, aided by a sales increase in China, is fuelling a rally in branded apparel peers that include Canada Goose.
VF's Results Ease China Concerns
Vans parent company VF Corp.’s quarterly beat, aided by a sales increase in China, is fuelling a rally in branded apparel peers that include Canada Goose.
Retail
Macy's Cuts Profit and Sales Forecast After Weak Holiday Season
Department stores had shown signs they were finding ways to cope with declining mall traffic and tough competition from online seller Amazon, but some are predicting an industry-wide slowdown this year.
Macy's Cuts Profit and Sales Forecast After Weak Holiday Season
Department stores had shown signs they were finding ways to cope with declining mall traffic and tough competition from online seller Amazon, but some are predicting an industry-wide slowdown this year.
Financial Markets
Last-Minute Demand Boosts John Lewis Christmas Sales
Britain's biggest department stores operator said demand was 'very strong' on Christmas Eve, indicating that shoppers had delayed rather than cut spending.
Last-Minute Demand Boosts John Lewis Christmas Sales
Britain's biggest department stores operator said demand was 'very strong' on Christmas Eve, indicating that shoppers had delayed rather than cut spending.
Luxury
Raf Simons and Calvin Klein: What Went Wrong?
PVH gave Simons the keys to the kingdom. Now the relationship is crumbling.
Raf Simons and Calvin Klein: What Went Wrong?
PVH gave Simons the keys to the kingdom. Now the relationship is crumbling.
Financial Markets
Primark Owner Faces 'Challenging' Trading in November
AB Foods, parent company of Primark, blamed a fall in shopper numbers and unseasonably warm weather for negative underlying sales in November.
Primark Owner Faces 'Challenging' Trading in November
AB Foods, parent company of Primark, blamed a fall in shopper numbers and unseasonably warm weather for negative underlying sales in November.
Luxury
Raf Simons and Calvin Klein: What Went Wrong?
PVH gave Simons the keys to the kingdom. Now the relationship is crumbling.
Raf Simons and Calvin Klein: What Went Wrong?
PVH gave Simons the keys to the kingdom. Now the relationship is crumbling.
Financial Markets
L Brands Shares Fall After Cutting Dividend
Sales at Victoria's Secret stores that have been open for at least a year fell 2 percent, but were better than analysts' average estimate of a 4 percent decline.
L Brands Shares Fall After Cutting Dividend
Sales at Victoria's Secret stores that have been open for at least a year fell 2 percent, but were better than analysts' average estimate of a 4 percent decline.
The News in Brief
Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.
Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.