Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
real-estate
Retail
Big Box Retailer Pounces on J.C. Penney’s Closed Stores
When J.C. Penney Co. announced this month that it would shut 40 US stores, At Home Group Inc. saw an opening. Executives at the retail chain called J.C. Penney within a few hours to express interest in buying some of them.
Big Box Retailer Pounces on J.C. Penney’s Closed Stores
When J.C. Penney Co. announced this month that it would shut 40 US stores, At Home Group Inc. saw an opening. Executives at the retail chain called J.C. Penney within a few hours to express interest in buying some of them.
Retail
World Trade Center Shops to Open in 2015 With Eataly, Kors
Leasing of stores at the World Trade Center site in lower Manhattan is almost complete, with a tenant list that includes Breitling, Michael Kors and an outpost of Mario Batali’s Eataly.
World Trade Center Shops to Open in 2015 With Eataly, Kors
Leasing of stores at the World Trade Center site in lower Manhattan is almost complete, with a tenant list that includes Breitling, Michael Kors and an outpost of Mario Batali’s Eataly.
News & Analysis
Miami’s Billion-Dollar Art Fair Becomes Platform for Selling Everything
As Miami readies for the 13th installment of Art Basel Miami Beach, among the world’ most important contemporary art fairs, a five-day extravaganza that has become a magnet for high-end real estate and luxury brands to align themselves with the artistic set to attract the world’s biggest spenders.
Miami’s Billion-Dollar Art Fair Becomes Platform for Selling Everything
As Miami readies for the 13th installment of Art Basel Miami Beach, among the world’ most important contemporary art fairs, a five-day extravaganza that has become a magnet for high-end real estate and luxury brands to align themselves with the artistic set to attract the world’s biggest spenders.
Global Markets
Champs-Élysées Seeks Overhaul Amid Growing Competition
Paris’s most-famous avenue, the Champs-Élysées, needs a facelift. That’s the verdict of building owners and retailers located on the street. They are now trying to convince the city of Paris that the avenue is ripe for refurbishment 20 years after its last renovation.
Champs-Élysées Seeks Overhaul Amid Growing Competition
Paris’s most-famous avenue, the Champs-Élysées, needs a facelift. That’s the verdict of building owners and retailers located on the street. They are now trying to convince the city of Paris that the avenue is ripe for refurbishment 20 years after its last renovation.
Retail
Saks Fifth Avenue Building in Manhattan Valued at $3.7 Billion
The landmark Saks Fifth Avenue building in Manhattan was appraised at about $3.7 billion as part of an effort by parent Hudson’s Bay Co. to squeeze more money out of its real estate.
Saks Fifth Avenue Building in Manhattan Valued at $3.7 Billion
The landmark Saks Fifth Avenue building in Manhattan was appraised at about $3.7 billion as part of an effort by parent Hudson’s Bay Co. to squeeze more money out of its real estate.
Global Markets
As Recession Looms, Moscow Prepares for Europe’s Biggest Mall
The Aviapark mall will open its doors, just as Russia is headed toward recession and its businesses are contending with international sanctions over the conflict in Ukraine.
As Recession Looms, Moscow Prepares for Europe’s Biggest Mall
The Aviapark mall will open its doors, just as Russia is headed toward recession and its businesses are contending with international sanctions over the conflict in Ukraine.
Luxury
The House That Fashion Built
Some of the world’s largest fashion brands are creating branded hotels and private residences as well as the homewares to fill them, tapping easy additional revenue streams and constructing powerful brand beacons in emerging markets.
The House That Fashion Built
Some of the world’s largest fashion brands are creating branded hotels and private residences as well as the homewares to fill them, tapping easy additional revenue streams and constructing powerful brand beacons in emerging markets.
Retail
Can Post-Crisis Dubai Become the World’s Largest Consumer Fashion Hub?
After London, Dubai is the second most popular place in the world to shop for fashion and luxury goods. Can it become number one? Six years after the devastation of a global recession that saw billions wiped off the value of local real estate, BoF sits down with Mohamed Alabbar, architect of the emirate’s retailing success, to understand his vision for the future.
Can Post-Crisis Dubai Become the World’s Largest Consumer Fashion Hub?
After London, Dubai is the second most popular place in the world to shop for fashion and luxury goods. Can it become number one? Six years after the devastation of a global recession that saw billions wiped off the value of local real estate, BoF sits down with Mohamed Alabbar, architect of the emirate’s retailing success, to understand his vision for the future.
Retail
Sears to Lease Retail Space in US Northeast to UK’s Primark
AMSTERDAM, Netherlands — Sears Holding Corp. will lease seven standalone stores in the U.S. to the U.K.'s Primark budget- clothing chain as the
Sears to Lease Retail Space in US Northeast to UK’s Primark
AMSTERDAM, Netherlands — Sears Holding Corp. will lease seven standalone stores in the U.S. to the U.K.'s Primark budget- clothing chain as the
Retail
Nordstrom Seeks Space for a Second Manhattan Store
NEW YORK, United States — Nordstrom Inc., the retailer planning to open its first New York City store on Midtown's West 57th Street, is seeking space
Nordstrom Seeks Space for a Second Manhattan Store
NEW YORK, United States — Nordstrom Inc., the retailer planning to open its first New York City store on Midtown's West 57th Street, is seeking space
News & Analysis
Is London’s Luxury Ground-Zero Under Threat?
London’s Mayfair continues to attract large numbers of high-net-worth individuals from around the world and the luxury brands that court them. But there are concerns in some quarters that the area’s high-end hipness is threatening the very characteristics that made it desirable in the first place.
Is London’s Luxury Ground-Zero Under Threat?
London’s Mayfair continues to attract large numbers of high-net-worth individuals from around the world and the luxury brands that court them. But there are concerns in some quarters that the area’s high-end hipness is threatening the very characteristics that made it desirable in the first place.
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.