Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity
French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.
fast-fashion
China
How Brandy Melville Became a Badge of Honour in China
By thumbing its nose at almost every market entry convention, the teen brand has quickly gained cult status among local ‘BM Girls.’ Though its current level of buzz may be hard to sustain, the brand’s experience in China reveals a lot about the rapidly changing market.
How Brandy Melville Became a Badge of Honour in China
By thumbing its nose at almost every market entry convention, the teen brand has quickly gained cult status among local ‘BM Girls.’ Though its current level of buzz may be hard to sustain, the brand’s experience in China reveals a lot about the rapidly changing market.
Retail
Fast Retailing Predicts 44% Annual Profit Decline Due to Coronavirus
The owner of brands including Uniqlo and Theory also cut its full-year dividend outlook fro ¥480 ($4.41) per share, down from ¥500, as it reels from economic challenges beyond its key China market.
Fast Retailing Predicts 44% Annual Profit Decline Due to Coronavirus
The owner of brands including Uniqlo and Theory also cut its full-year dividend outlook fro ¥480 ($4.41) per share, down from ¥500, as it reels from economic challenges beyond its key China market.
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.
Retail
The Big Problems with Fast Fashion
This week, everyone will be talking about online retailer Asos' latest results and fashion weeks in Shanghai, Seoul and Tokyo. Get your BoF Professional Cheat Sheet.
The Big Problems with Fast Fashion
This week, everyone will be talking about online retailer Asos' latest results and fashion weeks in Shanghai, Seoul and Tokyo. Get your BoF Professional Cheat Sheet.
Financial Markets
Fast Fashion Retailer C&A May Raise up to $540 Million in Brazil IPO
C&A intends to raise funds to pay down $190 million in intercompany loans and to expand the business.
Fast Fashion Retailer C&A May Raise up to $540 Million in Brazil IPO
C&A intends to raise funds to pay down $190 million in intercompany loans and to expand the business.
Retail
H&M Earnings Return to Growth After Two-Year Slump
A well-received summer collection helped the Swedish retailer boost profitability, with inventory as a proportion to sales falling to 18.5 percent.
H&M Earnings Return to Growth After Two-Year Slump
A well-received summer collection helped the Swedish retailer boost profitability, with inventory as a proportion to sales falling to 18.5 percent.
Workplace & Talent
ASOS Shakes Up Executive Board
The company revamped its board by naming several new directors as it looks to bounce back from a string of profit warnings.
ASOS Shakes Up Executive Board
The company revamped its board by naming several new directors as it looks to bounce back from a string of profit warnings.
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
Boohoo Profit Jumps as Younger Shoppers Fuel Sales
The online fast-fashion retailer, which has seen strong performance in France and the US, surprised analysts with multi-brand sales growth in the challenging UK market.
Boohoo Profit Jumps as Younger Shoppers Fuel Sales
The online fast-fashion retailer, which has seen strong performance in France and the US, surprised analysts with multi-brand sales growth in the challenging UK market.
Retail
Primark Considers Central American Suppliers to Crack US Market
Some analysts believe Primark's combination of value, fashionability and breadth of range, means it could threaten value fashion retailers like Old Navy, American Eagle and Target on their own turf.
Primark Considers Central American Suppliers to Crack US Market
Some analysts believe Primark's combination of value, fashionability and breadth of range, means it could threaten value fashion retailers like Old Navy, American Eagle and Target on their own turf.
News & Analysis
High-Low Collaborations Democratised Fashion. But What Did They Do For the Designers?
Target gave independent brands the opportunity to make some money and gain exposure. In the long term, however, the cheap-chic retailer is the real winner.
High-Low Collaborations Democratised Fashion. But What Did They Do For the Designers?
Target gave independent brands the opportunity to make some money and gain exposure. In the long term, however, the cheap-chic retailer is the real winner.
The News in Brief
CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
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.
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.