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.
Restructure
Latest News & Analysis
Retail
Philip Green's Arcadia Secures £310 Million Loan Refinancing on Flagship Store
Apollo Management International LLP provided the loan.
Philip Green's Arcadia Secures £310 Million Loan Refinancing on Flagship Store
Apollo Management International LLP provided the loan.
Retail
Mothercare Hopeful for Future After Completing Store Closures
The baby products retailer slashed its outstanding net debt to just under £7 million after closing a third of its UK stores in the past 12 months, and is now hoping for a more solid financial footing.
Mothercare Hopeful for Future After Completing Store Closures
The baby products retailer slashed its outstanding net debt to just under £7 million after closing a third of its UK stores in the past 12 months, and is now hoping for a more solid financial footing.
News & Analysis
Under Armour Cuts 400 More Jobs in Turnaround Push
The sportswear maker will let go of 3 percent of its global workforce to cut costs in its struggle to compete with Nike and Adidas in North America.
Under Armour Cuts 400 More Jobs in Turnaround Push
The sportswear maker will let go of 3 percent of its global workforce to cut costs in its struggle to compete with Nike and Adidas in North America.
Retail
BCBG Max Azria to Close Stores and Restructure as Online Shift Takes Toll
The chain plans to reduce its focus on brick-and-mortar shops, concentrating instead on licensing, e-commerce and selling through other retailers.
BCBG Max Azria to Close Stores and Restructure as Online Shift Takes Toll
The chain plans to reduce its focus on brick-and-mortar shops, concentrating instead on licensing, e-commerce and selling through other retailers.
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News & Analysis
Wal-Mart Is Said to Be Cutting Hundreds of Workers This Month
Wal-Mart has been looking for ways to slim down its operations at a time of increasing e-commerce spending and rising wages for employees.
Wal-Mart Is Said to Be Cutting Hundreds of Workers This Month
Wal-Mart has been looking for ways to slim down its operations at a time of increasing e-commerce spending and rising wages for employees.
Retail
Michael Kors, Prada Skimp on New Designs in Face of Handbag Woes
Michael Kors Holdings Ltd., Prada SpA, LVMH’s Louis Vuitton and Burberry Group Plc all reduced the number of styles introduced last quarter.
Michael Kors, Prada Skimp on New Designs in Face of Handbag Woes
Michael Kors Holdings Ltd., Prada SpA, LVMH’s Louis Vuitton and Burberry Group Plc all reduced the number of styles introduced last quarter.
News & Analysis
J. Crew’s Debt Looms as Retailer Seeks to Regain First-Lady Glow
Some of the company’s $2 billion in debt becomes current in 2018, and J. Crew needs to revive its flagging business to stave off rising odds of default.
J. Crew’s Debt Looms as Retailer Seeks to Regain First-Lady Glow
Some of the company’s $2 billion in debt becomes current in 2018, and J. Crew needs to revive its flagging business to stave off rising odds of default.
News & Analysis
Former Tumi Boss Named New Lands' End CEO
The casual clothing company Lands' End is naming the one-time chief executive of the high-end luggage maker Tumi as its next chief executive officer.
Former Tumi Boss Named New Lands' End CEO
The casual clothing company Lands' End is naming the one-time chief executive of the high-end luggage maker Tumi as its next chief executive officer.
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Luxury
Richemont CEO, CFO to Retire As Profit Plunges
Chief executive officer Richard Lepeu and chief financial officer Gary Saage will both retire next year, as the company reported a decline in first-half profit.
Richemont CEO, CFO to Retire As Profit Plunges
Chief executive officer Richard Lepeu and chief financial officer Gary Saage will both retire next year, as the company reported a decline in first-half profit.
Retail
Wal-Mart’s China Revival Strategy Calls in JD.com and Its Drones
The world’s largest retailer is making an ambitious push into e-commerce in China and aims to deliver goods from its stores around the world to Chinese consumers within hours.
Wal-Mart’s China Revival Strategy Calls in JD.com and Its Drones
The world’s largest retailer is making an ambitious push into e-commerce in China and aims to deliver goods from its stores around the world to Chinese consumers within hours.
News & Analysis
House of Fraser's Chinese Owner Hires Weiss to Lead Overseas M&A
Sanpower Group, the Chinese owner of Britain’s House of Fraser department store chain, hired former Sailing Capital Management Co. managing director Michael Weiss to head its overseas dealmaking.
House of Fraser's Chinese Owner Hires Weiss to Lead Overseas M&A
Sanpower Group, the Chinese owner of Britain’s House of Fraser department store chain, hired former Sailing Capital Management Co. managing director Michael Weiss to head its overseas dealmaking.
News & Analysis
Hugo Boss US Chief to Be Replaced as Clothier Seeks Revival
Hugo Boss said the head of its ailing US business, Gerrit Ruetzel, will be replaced at the end of the month after less than two years in the job.
Hugo Boss US Chief to Be Replaced as Clothier Seeks Revival
Hugo Boss said the head of its ailing US business, Gerrit Ruetzel, will be replaced at the end of the month after less than two years in the job.
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.
Will Jewellery Help Shape Luxury’s Winners?
As weak appetite for handbags and geopolitical tensions weigh on fashion sales, luxury groups are leaning on high-performing jewellery to help boost growth and steady profit margins.
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.