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.
Burberry Lays Out Savings Plan as Annual Earnings Fall Again
Burberry Group Plc reported a second straight drop in annual earnings and announced plans to save £100 million ($144 million) a year as demand for the UK company’s luxury attire slows from New York to Nanjing.
Burberry Lays Out Savings Plan as Annual Earnings Fall Again
Burberry Group Plc reported a second straight drop in annual earnings and announced plans to save £100 million ($144 million) a year as demand for the UK company’s luxury attire slows from New York to Nanjing.
Alibaba-Backed Paytm Says It Has Enough Funds for Five Years
One97 Communications Ltd., the owner of an Indian online payment processor backed by Alibaba Group Holding Ltd.’s finance arm, said funds at its disposal were enough to last five years, enabling it to build a business model that is “predictable.”
Alibaba-Backed Paytm Says It Has Enough Funds for Five Years
One97 Communications Ltd., the owner of an Indian online payment processor backed by Alibaba Group Holding Ltd.’s finance arm, said funds at its disposal were enough to last five years, enabling it to build a business model that is “predictable.”
J.C. Penney Revenue Misses Estimates, Extending Retail Woes
J.C. Penney Co. posted first-quarter revenue that trailed analysts’ estimates, becoming the latest US retailer affected by a consumer malaise that’s weighing on department-store sales.
J.C. Penney Revenue Misses Estimates, Extending Retail Woes
J.C. Penney Co. posted first-quarter revenue that trailed analysts’ estimates, becoming the latest US retailer affected by a consumer malaise that’s weighing on department-store sales.
Retail Sales Rise Most in a Year, Marking US Consumer Comeback
Sales at retailers jumped in April by the most in a year, indicating consumer spending will help the US economy recover from an early-year slowdown.
Retail Sales Rise Most in a Year, Marking US Consumer Comeback
Sales at retailers jumped in April by the most in a year, indicating consumer spending will help the US economy recover from an early-year slowdown.
Nordstrom Plunges on Lower Forecast, Adding to Retail Woes
Nordstrom Inc. fell as much as 16 percent in late trading after cutting its annual forecast, adding to evidence that the department-store industry is mired in a deep slump.
Nordstrom Plunges on Lower Forecast, Adding to Retail Woes
Nordstrom Inc. fell as much as 16 percent in late trading after cutting its annual forecast, adding to evidence that the department-store industry is mired in a deep slump.
Adidas Cuts Short Chelsea Soccer Deal, Raises Profit Forecast
Adidas is ending its shirt sponsorship deal with English soccer side Chelsea six years early as part of a shift in its marketing strategy away from clubs.
Adidas Cuts Short Chelsea Soccer Deal, Raises Profit Forecast
Adidas is ending its shirt sponsorship deal with English soccer side Chelsea six years early as part of a shift in its marketing strategy away from clubs.
Zalando Invests in Tech, Cool Spring Leads to Profit Tumble
Zalando reported a 30 percent fall in first-quarter profit hurt by a cool start to spring and stepped up investment in technology by buying software firm Tradebyte to help digitalise stock in warehouses.
Zalando Invests in Tech, Cool Spring Leads to Profit Tumble
Zalando reported a 30 percent fall in first-quarter profit hurt by a cool start to spring and stepped up investment in technology by buying software firm Tradebyte to help digitalise stock in warehouses.
Amazon Will Become America's Top Clothing Retailer in 2017, Says Cowen & Co.
It's been a tough few weeks for retailers, yet Amazon's shares are up over two percent.
Amazon Will Become America's Top Clothing Retailer in 2017, Says Cowen & Co.
It's been a tough few weeks for retailers, yet Amazon's shares are up over two percent.
Thrifty Tourists, Weaker China Curb Tod's Sales and Forecasts
Tod's warned it would be challenging to meet expectations of a four percent revenue increase this year, as first quarter sales fell due to weaker demand in China and shrinking tourist spending.
Thrifty Tourists, Weaker China Curb Tod's Sales and Forecasts
Tod's warned it would be challenging to meet expectations of a four percent revenue increase this year, as first quarter sales fell due to weaker demand in China and shrinking tourist spending.
Inter Parfums Misses Q1 Profit Forecasts
Inter Parfums Inc. has reported first-quarter net income of $7.3 million.
Inter Parfums Misses Q1 Profit Forecasts
Inter Parfums Inc. has reported first-quarter net income of $7.3 million.
Fossil Group Beats Q1 Profit Forecasts
Fossil Group Inc. has reported first-quarter profit of $5.8 million.
Fossil Group Beats Q1 Profit Forecasts
Fossil Group Inc. has reported first-quarter profit of $5.8 million.
Italy's Moncler First Quarter Sales Rise More Than Expected
Moncler has reported a stronger-than-expected 18 percent rise in first quarter sales, boosted by a good performance in China and Japan and strong wholesales in the United States.
Italy's Moncler First Quarter Sales Rise More Than Expected
Moncler has reported a stronger-than-expected 18 percent rise in first quarter sales, boosted by a good performance in China and Japan and strong wholesales in the United States.
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.