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.
Gap Plummets After Comeback Plan Fails to Revive Sales Growth
Gap Inc. shares plunged as much as 15 percent in late trading after the apparel chain posted disappointing results, a sign the company’s comeback hasn’t materialised.
Gap Plummets After Comeback Plan Fails to Revive Sales Growth
Gap Inc. shares plunged as much as 15 percent in late trading after the apparel chain posted disappointing results, a sign the company’s comeback hasn’t materialised.
Cosmetics Maker Avon Posts Surprise Loss
Avon Products Inc reported a surprise quarterly loss and a 16 percent drop in revenue as demand fell further in Brazil and China.
Cosmetics Maker Avon Posts Surprise Loss
Avon Products Inc reported a surprise quarterly loss and a 16 percent drop in revenue as demand fell further in Brazil and China.
Fitbit Shares Slide as Profit Forecast Misses Estimates
Fitbit Inc. shares plunged in extended trading after the maker of wearable fitness trackers gave a profit forecast that fell short of the lowest analysts’ estimates.
Fitbit Shares Slide as Profit Forecast Misses Estimates
Fitbit Inc. shares plunged in extended trading after the maker of wearable fitness trackers gave a profit forecast that fell short of the lowest analysts’ estimates.
Kate Spade Sales Gets Boost from North America Demand
Kate Spade & Co's sales at established stores in the first quarter handily beat analysts' estimates due to higher demand in North America.
Kate Spade Sales Gets Boost from North America Demand
Kate Spade & Co's sales at established stores in the first quarter handily beat analysts' estimates due to higher demand in North America.
Coty Reports First Profit Miss in Seven Quarters
Perfume maker Coty Inc. reported its first profit miss in seven quarters, hurt by higher costs and weak demand for products such as Sally Hansen nail polishes in the United States.
Coty Reports First Profit Miss in Seven Quarters
Perfume maker Coty Inc. reported its first profit miss in seven quarters, hurt by higher costs and weak demand for products such as Sally Hansen nail polishes in the United States.
Smashbox and MAC Add Shine to Estée Lauder Profit
Cosmetics maker Estée Lauder reported a better-than-expected quarterly profit, helped by strong demand for its MAC and Smashbox makeup brands in its international markets.
Smashbox and MAC Add Shine to Estée Lauder Profit
Cosmetics maker Estée Lauder reported a better-than-expected quarterly profit, helped by strong demand for its MAC and Smashbox makeup brands in its international markets.
Hugo Boss to Cut Rent Costs After Weak First Quarter
German fashion house Hugo Boss will seek to cut costs by renegotiating store rents after it reported lower-than-expected sales and profits for the first quarter.
Hugo Boss to Cut Rent Costs After Weak First Quarter
German fashion house Hugo Boss will seek to cut costs by renegotiating store rents after it reported lower-than-expected sales and profits for the first quarter.
Chanel Winning Fight Against Luxury Grey Market, Says Bruno Pavlovsky
Chanel said its efforts to curb the grey market have been successful and are helping boost revenue in China despite weaker overall demand for luxury goods.
Chanel Winning Fight Against Luxury Grey Market, Says Bruno Pavlovsky
Chanel said its efforts to curb the grey market have been successful and are helping boost revenue in China despite weaker overall demand for luxury goods.
Black Diamond Reports 1Q Loss
Black Diamond Inc. reported a loss of $4 million in its first quarter.
Kinnevik Directors Exit Rocket Board in Sign of Fraying Alliance
Investment AB Kinnevik pulled its two directors from the supervisory board of Rocket Internet SE, the latest sign of growing friction between two companies that have co-invested in European and emerging market startups for several years.
Kinnevik Directors Exit Rocket Board in Sign of Fraying Alliance
Investment AB Kinnevik pulled its two directors from the supervisory board of Rocket Internet SE, the latest sign of growing friction between two companies that have co-invested in European and emerging market startups for several years.
Puma Confirms Guidance for Busy Sports Year
German sportswear firm Puma confirmed a cautious outlook for sales and profitability in 2016, saying a busy sports calendar and a booming women's business should help it offset the negative currency impacts.
Puma Confirms Guidance for Busy Sports Year
German sportswear firm Puma confirmed a cautious outlook for sales and profitability in 2016, saying a busy sports calendar and a booming women's business should help it offset the negative currency impacts.
Nu Skin Beats 1Q Profit Forecasts
Nu Skin Enterprises Inc. has reported first-quarter earnings of $3.3 million. On a per-share basis, the Provo, Utah-based company said it had profit of six cents.
Nu Skin Beats 1Q Profit Forecasts
Nu Skin Enterprises Inc. has reported first-quarter earnings of $3.3 million. On a per-share basis, the Provo, Utah-based company said it had profit of six cents.
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.