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.
finance
Beauty
How Not To Ruin Your Brand Once You’ve Sold It
Is it possible to sell your brand without selling out? Sarah Brown talks to a group of key beauty founders about the new rules for navigating corporate waters and protecting your company — and yourself.
How Not To Ruin Your Brand Once You’ve Sold It
Is it possible to sell your brand without selling out? Sarah Brown talks to a group of key beauty founders about the new rules for navigating corporate waters and protecting your company — and yourself.
Financial Markets
Tapestry Misses Revenue Estimates on Surprise Drop in Coach Sales
The luxury goods maker said sales were hit by inventory issues and hurricanes in North America and typhoons in Asia.
Tapestry Misses Revenue Estimates on Surprise Drop in Coach Sales
The luxury goods maker said sales were hit by inventory issues and hurricanes in North America and typhoons in Asia.
Financial Markets
Luxury Recovery Tempered by Caution
First-half results provided further evidence of a luxury recovery, although caution over currency headwinds dampened investor enthusiasm.
Luxury Recovery Tempered by Caution
First-half results provided further evidence of a luxury recovery, although caution over currency headwinds dampened investor enthusiasm.
Financial Markets
Report: True Religion Denim Turns to Debt Restructuring Lawyers
Its financial struggles are due in part to consumer tastes shifting toward internet shopping and away from the brick-and-mortar shops and department stores where the company's jeans have been primarily sold.
Report: True Religion Denim Turns to Debt Restructuring Lawyers
Its financial struggles are due in part to consumer tastes shifting toward internet shopping and away from the brick-and-mortar shops and department stores where the company's jeans have been primarily sold.
Financial Markets
Luxury Makers’ Dubious Dividends Make Them Target for Shorts
Higher dividends at a handful of struggling posh-product makers are a luxury they may not be able to afford.
Luxury Makers’ Dubious Dividends Make Them Target for Shorts
Higher dividends at a handful of struggling posh-product makers are a luxury they may not be able to afford.
Financial Markets
Rocket Internet Shares Fall After Writing Down Value of Global Fashion Group
Rocket Internet shares fell the most in more than four months after a writedown of the value of online retailer Global Fashion Group contributed to a a first-half loss of €617 million ($690 million) at the startup factory.
Rocket Internet Shares Fall After Writing Down Value of Global Fashion Group
Rocket Internet shares fell the most in more than four months after a writedown of the value of online retailer Global Fashion Group contributed to a a first-half loss of €617 million ($690 million) at the startup factory.
Financial Markets
Lululemon 2Q Net Income Rises but Revenue Misses Estimates
Shares of Lululemon slipped in after-hours trading after the "athleisure" apparel maker's revenue missed Wall Street estimates in the second quarter.
Lululemon 2Q Net Income Rises but Revenue Misses Estimates
Shares of Lululemon slipped in after-hours trading after the "athleisure" apparel maker's revenue missed Wall Street estimates in the second quarter.
Financial Markets
Chico's Beats 2Q Profit Forecasts
Chico's FAS reported fiscal second-quarter net income of $23 million.
Chico's Beats 2Q Profit Forecasts
Chico's FAS reported fiscal second-quarter net income of $23 million.
Financial Markets
Coty Declines as Investors Wait for Post-P&G Deal Strategy
Coty Inc. shares fell the most in more than seven weeks after the company posted its second straight net loss and investors wait for more insight about its pending merger with Procter & Gamble Co.’s beauty brands.
Coty Declines as Investors Wait for Post-P&G Deal Strategy
Coty Inc. shares fell the most in more than seven weeks after the company posted its second straight net loss and investors wait for more insight about its pending merger with Procter & Gamble Co.’s beauty brands.
Financial Markets
JC Penney Reports Smaller Loss in 2Q as Sales Improve
JC Penney reported a smaller loss in the second quarter as the department store operator's sales improved, fuelled by such moves as bringing back appliances and refreshing other areas of the store.
JC Penney Reports Smaller Loss in 2Q as Sales Improve
JC Penney reported a smaller loss in the second quarter as the department store operator's sales improved, fuelled by such moves as bringing back appliances and refreshing other areas of the store.
Financial Markets
Michael Kors Provides Cautious Forecast After First-Quarter Beat
Michael Kors provided a cautious forecast for earnings and sales this year, reflecting a turbulent market for luxury goods.
Michael Kors Provides Cautious Forecast After First-Quarter Beat
Michael Kors provided a cautious forecast for earnings and sales this year, reflecting a turbulent market for luxury goods.
Financial Markets
Shopify Jumps After Raising Revenue Forecast, Beating Estimates
Shopify bumped up its annual revenue forecast for the second time this year, sending the shares up the most in almost six months.
Shopify Jumps After Raising Revenue Forecast, Beating Estimates
Shopify bumped up its annual revenue forecast for the second time this year, sending the shares up the most in almost six months.
The News in Brief
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.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.