Bangladesh Garment Workers Stage Fourth Day of Wage Protests
The unrest has intensified despite the government forming a wage board to review pay levels, with violent clashes shuttering factories and injuring dozens of people.
private-equity
Technology
Thomas H. Lee in the Lead to Buy eBay's Enterprise Unit
Private equity firm Thomas H. Lee Partners LP is in advanced talks to acquire the enterprise business of eBay Inc for close to $1 billion, according to people familiar with the matter.
Financial Markets
Hugo Boss $2.7 Billion Return is the Biggest for Permira
Fashion retailer Hugo Boss, an investment emblematic of the difficulties facing its private-equity owner Permira Advisers during the financial crisis, proved to be one of the company’s biggest winners of recent years.
Retail
American Apparel Said to Draw Bid From Firm Working With Ex-CEO
American Apparel Inc. founder Dov Charney, who was fired by the company this week, is working with private- equity firm Irving Place Capital on a bid to acquire the retailer.
News & Analysis
Smythson Said to Attract Private Equity Interest for 2015 Sale
Frank Smythson Ltd., the closely held luxury leather goods group that employs the U.K. Prime Minister’s wife as a consultant, has drawn interest from private-equity firms about a possible sale.
Global Markets
As IPO Markets Stumble, Private Equity Buyers Prepare to Swoop
LONDON, United Kingdom — Across Europe, companies hoping to list are having their plans dashed by plunging equity prices. But what's bad for public
Marketing
Red Alert in Hong Kong
LONDON, United Kingdom — The Savigny Luxury Index ("SLI") fell sharply over the month, losing 4.2 percent versus a flat MSCI World Index ("MSCI") as
Financial Markets
6 Emerging Fashion Brands Worth Investing In
In the last two years, emerging fashion brands like Christopher Kane, Altuzarra, JW Anderson, Nicholas Kirkwood and Roksanda have attracted a flurry of investment. Who’s next? BoF identifies the young fashion labels we would bet on, based on their commercial and creative potential.
Retail
Has Private Equity Learned Its Lesson on Fashion Investments?
Current market reports indicate that private equity firm Permira Advisers is aiming to sell its majority stake in Hugo Boss and re-opening talks to invest in Roberto Cavalli. What lessons can private equity firms learn from the company’s last major fashion investment?
News & Analysis
Aéropostale Seen as Private Equity Buyout Target
NEW YORK, United States — Aéropostale Inc., the clothing chain for teens, is offering the biggest sales discount in America for private-equity firms
The News in Brief
Retail Still a Weak Spot as Reliance Profits Beat Expectations
The Indian oil-to-telecom giant saw its market value jump by a record $19 billion as earnings surged, but its retail division continues to lag.
Hugo Boss Cuts Outlook Citing Weak Demand, Higher Costs
The German fashion house, recently taken over by Britain’s Frasers Group, is in the midst of a second turnaround effort under CEO Daniel Grieder.
Diotima’s Rachel Scott, Ralph Lauren Take Home Top Prizes at CFDA Awards
Colleen Allen won the emerging designer of the year award; Tory Burch, Linda Fargo and more take home honours.
Ye Announces ‘Yeezy Season 01’ Runway Show in Los Angeles
The show will unveil the brand’s first-ever flagship store and mark Ye’s first full-scale runway presentation in four years.
Style Capital Acquires Alessandro Dell’Acqua’s N21
Financial details of the deal for the Milan-based brand weren’t disclosed.
Lagos Fashion Week Continues to Flex its Pan-African Muscle
The buzzy Nigerian fashion event has attracted a cohort from across the continent, with designers from South Africa, Uganda and Morocco presenting their collections in the Nigerian city.
Estée Lauder Raises Outlook, Buoyed by Perfume Demand
Demand for the US conglomerate’s luxury fragrance brands like Le Labo, Tom Ford and By Kilian offset weaker performance from its makeup and haircare divisions.