Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
Financial Markets
A financial lens on the fast-changing fashion sector, including markets, investors and deals.
Amazon Sales Surge During Best Holiday Quarter Growth Since 2009
Sales gained 38 percent to $60.5 billion in the fourth quarter fuelled by the company’s dominance in e-commerce and cloud computing.
Ralph Lauren Tumbles After Posting Weak Holiday-Season Sales
Sales declined more than expected in the American company’s latest quarter.
Ralph Lauren Reports Quarterly Loss Due to Tax Charge
The luxury apparel maker reported a quarterly loss following a $231 million charge due to the recent US tax overhaul.
Alibaba to Buy 33 Percent Stake in Ant Financial, Paving Way for IPO
The stake will be the first since Ant's controversial spin-off in 2011.
Tencent to Invest $1.6 Billion in Menswear Firm Heilan, Sources Say
JD.com and Vipshop were among investors to acquire almost 10 percent of the company for 5 billion yuan, as Tencent pushes into retail to compete with Alibaba.
Activist Investor Says Hudson's Bay Has Ample Cash to Go Private
Jonathan Litt's Land and Buildings hedge fund has been pressing the company to boost its sliding share price by extracting value from its sizeable real estate holdings.
Ferragamo Full-Year Sales Drop 3.1 Percent
The Florence-based company's core profit margins have also been falling year-on-year.
SMCP Fourth-Quarter Sales Rise, Confirms Financial Targets
The French fashion group reported higher fourth-quarter revenues, driven by brisk holiday season trading and store openings, and confirmed its full-year financial targets for earnings growth.
Fyodor Golan Lands Investment from Eiesha Bharti Pasricha
The London-based womenswear label plans to ramp up its direct-to-consumer business and sell its main collection during pre-seasons.
4 Davos Themes Fashion Needs to Watch
As business magnates, presidents and economists converged at the 2018 World Economic Forum to discuss the state of the global economy, what important takeaways are there for the fashion industry?
JD.com Enlists Tencent as It Preps to Take on Amazon in the US
JD.com is preparing to make its US debut in Los Angeles, seeking to best arch-rival Alibaba and challenge Amazon on its home turf.
LVMH Posts Record Revenues Amid China Comeback
The world's biggest luxury goods maker posted an 18 percent rise in operating income for 2017, as robust demand from China boosted sales.
THE NEWS IN BRIEF
Investors Brace for More Volatility With Trump Set to Address Congress
The president’s remarks come at a pivotal point for markets.
Trump FTC Chair Pledges to Keep Aggressive Merger Enforcement
The organisation’s chairman Andrew Ferguson vowed to aggressively block illegal mergers, reaffirming the agency’s commitment to challenging deals that violate antitrust laws, continuing the stance taken during the Biden administration.
True Religion Acquired by Private Equity Firm Acon Investments
The deal, which included participation from American Eagle’s chief executive, will help the denim maker expand globally.
Sneaker Maker Golden Goose Is Said to Kick Off Milan IPO Soon
Luxury sneaker brand Golden Goose SpA plans to kick off an initial public offering in Milan as soon as this week, according to people familiar with the matter, extending a strong rebound in European listings this year.
Europe Luxury Stocks Slide After Richemont Chairman Says Inflation Is Denting Demand
Luxury goods stocks slumped in Europe, wiping out more than $25 billion in market value after Richemont chairman Johann Rupert said inflation is starting to dent demand across the region.
US Inflation Cooling as Consumer Prices Rise Moderately Again
US consumer prices increased moderately in July as higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture, a trend that could persuade the Federal Reserve to leave interest rates unchanged next month.
Kim Kardashian Hires Wall Street Talent to Bulk Up Buyout Firm
Kim Kardashian’s private equity firm hired a half-dozen financial-industry professionals, including a new chief operating officer who previously worked at alternative investment giant Apollo Global Management Inc.