Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
finance
Financial Markets
PVH Tops Street 4Q Forecasts
PVH Corp. on Wednesday reported fiscal fourth-quarter earnings of $134.2 million. The results surpassed Wall Street expectations.
PVH Tops Street 4Q Forecasts
PVH Corp. on Wednesday reported fiscal fourth-quarter earnings of $134.2 million. The results surpassed Wall Street expectations.
Financial Markets
SoftBank Group Invests $250 Million in Talent Agency WME-IMG
SoftBank Group Corp., the Japanese telecommunications company, invested $250 million in WME-IMG LLC in a deal that values the sports and entertainment agency at $5.5 billion.
SoftBank Group Invests $250 Million in Talent Agency WME-IMG
SoftBank Group Corp., the Japanese telecommunications company, invested $250 million in WME-IMG LLC in a deal that values the sports and entertainment agency at $5.5 billion.
Financial Markets
Nike’s Third-Quarter Sales Miss Estimates, Hurt by Strong US Dollar
Nike Inc. posted disappointing third-quarter sales and signalled that orders in North America and some overseas markets are increasing more slowly than projected.
Nike’s Third-Quarter Sales Miss Estimates, Hurt by Strong US Dollar
Nike Inc. posted disappointing third-quarter sales and signalled that orders in North America and some overseas markets are increasing more slowly than projected.
Financial Markets
Hermès Full-Year Earnings Beat Estimates, Buoyed by Leather Goods, Japan
Hermès International SCA reported full-year earnings that beat analysts’ estimates, buoyed by sales of leather goods and demand in Japan.
Hermès Full-Year Earnings Beat Estimates, Buoyed by Leather Goods, Japan
Hermès International SCA reported full-year earnings that beat analysts’ estimates, buoyed by sales of leather goods and demand in Japan.
Financial Markets
Alibaba Reaches 3 Trillion Yuan Milestone Even as China Slows
Alibaba Group Holding Ltd. sold 3 trillion yuan ($463 billion) of goods through its online shopping websites in the year ending March, as it moved deeper into the untapped countryside and courted foreign brands.
Alibaba Reaches 3 Trillion Yuan Milestone Even as China Slows
Alibaba Group Holding Ltd. sold 3 trillion yuan ($463 billion) of goods through its online shopping websites in the year ending March, as it moved deeper into the untapped countryside and courted foreign brands.
Financial Markets
Tiffany's Sales Drop 5.6 Percent in Holiday Quarter
Tiffany & Co's sales fell 5.6 percent in the holiday quarter as a strong dollar hurt tourist spending at its stores in the United States and ate into revenue from other markets.
Tiffany's Sales Drop 5.6 Percent in Holiday Quarter
Tiffany & Co's sales fell 5.6 percent in the holiday quarter as a strong dollar hurt tourist spending at its stores in the United States and ate into revenue from other markets.
Financial Markets
Ferragamo Shares Jump in Milan After Earnings Exceed Estimates
Salvatore Ferragamo SpA rose in early Milan trading after reporting quarterly earnings that beat estimates and forecasting “a positive year” amid a tough industry backdrop.
Ferragamo Shares Jump in Milan After Earnings Exceed Estimates
Salvatore Ferragamo SpA rose in early Milan trading after reporting quarterly earnings that beat estimates and forecasting “a positive year” amid a tough industry backdrop.
Financial Markets
Aeropostale Will Explore Strategic Alternatives as Losses Deepen
Aeropostale Inc., the teen-apparel chain working to turn around its falling sales, plans to review strategic alternatives for the business after reporting a wider fourth-quarter loss.
Aeropostale Will Explore Strategic Alternatives as Losses Deepen
Aeropostale Inc., the teen-apparel chain working to turn around its falling sales, plans to review strategic alternatives for the business after reporting a wider fourth-quarter loss.
Financial Markets
Guess Misses 4Q Profit Forecasts
Guess Inc. on Wednesday reported fiscal fourth-quarter earnings of $47.8 million. The results did not meet Wall Street expectations.
Guess Misses 4Q Profit Forecasts
Guess Inc. on Wednesday reported fiscal fourth-quarter earnings of $47.8 million. The results did not meet Wall Street expectations.
Financial Markets
Hugo Boss Keeps Dividend at Last Year’s Level, Below Forecast
Hugo Boss AG said it’s maintaining its dividend at last year’s level following the departure of its chief executive officer last month after a series of profit warnings and strategic mishaps.
Hugo Boss Keeps Dividend at Last Year’s Level, Below Forecast
Hugo Boss AG said it’s maintaining its dividend at last year’s level following the departure of its chief executive officer last month after a series of profit warnings and strategic mishaps.
Financial Markets
Men’s Wearhouse Owner to Close Hundreds of Stores as Sales Slide
Tailored Brands Inc. plans to shutter about 250 locations, including all its outlet stores, as the owner of Men’s Wearhouse and Jos. A. Bank copes with sluggish sales.
Men’s Wearhouse Owner to Close Hundreds of Stores as Sales Slide
Tailored Brands Inc. plans to shutter about 250 locations, including all its outlet stores, as the owner of Men’s Wearhouse and Jos. A. Bank copes with sluggish sales.
Financial Markets
Yoox Net-A-Porter Profit up 26 Percent in 2015
Yoox Net-A-Porter posted a 26 percent increase in 2015 adjusted core profit as sales rose strongly driven by the recently merged group's more exclusive websites.
Yoox Net-A-Porter Profit up 26 Percent in 2015
Yoox Net-A-Porter posted a 26 percent increase in 2015 adjusted core profit as sales rose strongly driven by the recently merged group's more exclusive websites.
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.