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.
trade
News & Analysis
Op-Ed | Trump Trade Speculation Adds More Uncertainty to Fragile Industry
Proposed changes to US tax code could spell the end of many fashion businesses, argues Edward Hertzman.
Op-Ed | Trump Trade Speculation Adds More Uncertainty to Fragile Industry
Proposed changes to US tax code could spell the end of many fashion businesses, argues Edward Hertzman.
News & Analysis
Op-Ed | How to Sustain Luxury Sales in the Case of Rising Protectionist Policies
In times of turbulence, brands should offer nervous consumers novelty and value for money to overcome nationalist and protectionist policies, argues Mario Ortelli.
Op-Ed | How to Sustain Luxury Sales in the Case of Rising Protectionist Policies
In times of turbulence, brands should offer nervous consumers novelty and value for money to overcome nationalist and protectionist policies, argues Mario Ortelli.
News & Analysis
What Might a Trade War Between America and China Look Like?
"Punitive American tariffs on China would leave everybody worse off."
What Might a Trade War Between America and China Look Like?
"Punitive American tariffs on China would leave everybody worse off."
Financial Markets
Ferragamo Undeterred by US Import Tax Proposal
Ferragamo chief executive Eraldo Poletti said any tax on imports, as floated by President Donald Trump, could be balanced by other factors, including currency fluctuations.
Ferragamo Undeterred by US Import Tax Proposal
Ferragamo chief executive Eraldo Poletti said any tax on imports, as floated by President Donald Trump, could be balanced by other factors, including currency fluctuations.
Retail
In US, Retailers Up Fight Against Republican Tax Proposal
More than 100 companies including LVMH, Nike and Target, as well as the National Retail Federation, are launching a new coalition to fight a Republican Party proposal on how imports to the US get taxed.
In US, Retailers Up Fight Against Republican Tax Proposal
More than 100 companies including LVMH, Nike and Target, as well as the National Retail Federation, are launching a new coalition to fight a Republican Party proposal on how imports to the US get taxed.
Luxury
Can Raf Go Mass?
This week, the fashion world caught its first glimpse of Raf Simons’ vision for Calvin Klein, raising questions about whether the designer can balance his personal aesthetic with the needs of the multi-tiered, multi-billion-dollar brand.
Can Raf Go Mass?
This week, the fashion world caught its first glimpse of Raf Simons’ vision for Calvin Klein, raising questions about whether the designer can balance his personal aesthetic with the needs of the multi-tiered, multi-billion-dollar brand.
News & Analysis
Fashion Must Defend Globalisation
Both Brexit and Trump are a clear and present danger to the highly globalised fashion industry.
Fashion Must Defend Globalisation
Both Brexit and Trump are a clear and present danger to the highly globalised fashion industry.
Technology
Alibaba’s Jack Ma Meets With Trump in Pledge to Create New Jobs
Ma and Trump discussed plans to create 1 million new jobs in the US by helping small businesses sell goods to China.
Alibaba’s Jack Ma Meets With Trump in Pledge to Create New Jobs
Ma and Trump discussed plans to create 1 million new jobs in the US by helping small businesses sell goods to China.
Luxury
Luxury Goods Feature in UK Accord for South Korea Trade Talks
A formal working group of ministers from the two countries will meet as many as four times a year.
Luxury Goods Feature in UK Accord for South Korea Trade Talks
A formal working group of ministers from the two countries will meet as many as four times a year.
News & Analysis
How Trump-Era Trade Policy Threatens to Send Up Prices You See on Store Shelves
"Few industries are likely to feel the jolt more acutely than retail, which sells you smartphones made in China, sneakers made in Vietnam and
How Trump-Era Trade Policy Threatens to Send Up Prices You See on Store Shelves
"Few industries are likely to feel the jolt more acutely than retail, which sells you smartphones made in China, sneakers made in Vietnam and
News & Analysis
Fashion World Faces New Normal
How will the rise of extremism, populism and protectionism impact the fashion industry and wider business world?
Fashion World Faces New Normal
How will the rise of extremism, populism and protectionism impact the fashion industry and wider business world?
Sustainability
Fashion Brands Ignore 'Endemic' Abuse of Syrian Refugees In Turkey: Watchdog
Child labour, pitiful pay and dangerous conditions are among the risks facing undocumented Syrian refugees working in Turkey's garment industry, according to the Business and Human Rights Resource Centre.
Fashion Brands Ignore 'Endemic' Abuse of Syrian Refugees In Turkey: Watchdog
Child labour, pitiful pay and dangerous conditions are among the risks facing undocumented Syrian refugees working in Turkey's garment industry, according to the Business and Human Rights Resource Centre.
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.