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.
Gildan Tops Fourth-Quarter Profit Forecasts
Gildan shares have declined slightly more than 2 percent since the beginning of the year. The stock has decreased nearly 1 percent in the last 12 months.
Retail's Creditors Left Grasping as Brands Are Put Out of Reach
Lenders count on the drawing power instantly recognisable names like J. Crew and Claire's, the “intellectual property,” to provide some value in case a company goes bust.
L Brands Tops Fourth-Quarter Profit Forecasts
L Brands Inc. on Wednesday reported fiscal fourth-quarter net income of $631.7 million.
A Swinging Birkin Bag Can Swat Away US Border Tax Plan
The mooted US Border Adjustment Tax would penalise companies that manufacture overseas and is intended to promote American jobs.
Kate Spade Tops Fourth Quarter Profit Forecasts
Kate Spade shares have increased slightly more than 5 percent since the beginning of the year. The stock has increased 18 percent in the last 12 months.
Avon Reports Fourth-Quarter Loss
The direct seller of cosmetics posted revenue of $1.57 billion in the period, which did not meet Street forecasts.
Snap Lowers Valuation Expectations in Highly Awaited IPO
Investors have been poring over the filing for Snap's upcoming IPO to assess whether the still-unprofitable company will be the next Facebook Inc.
Trump Tells Retail Executives Tax Overhaul Plan Is Coming Soon
The proposed overhaul of the corporate tax code would reward companies that sell products outside the US while punishing ones that rely on low-cost overseas suppliers.
Report: Retail CEOs Head to Washington to Try to Kill US Border Tax
Their input has more urgency as US President Donald Trump is finalising his own tax plan that he plans to unveil in the coming weeks.
Columbia Sportswear Tops Fourth-Quarter Profit Forecasts
The maker of outdoor gear posted revenue of $717.5 million in the period, which fell short of Street forecasts.
Puma Predicts Profit Jump as Bolt and Rihanna Assist Resurgence
Puma said operating profit in 2017 will rise at least as fast as last year, when three big global sports events and better sales of women’s wear helped the measure jump by a third.
Report: Alibaba's Ant Financial Planning to Raise $2 to $3 billion in Debt
The world's largest financial technology firm plans to use some part of the proceeds to fund its acquisition of US money-transfer company MoneyGram International Inc.
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.