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Cucinelli Becomes Billionaire Knitting $1,920 Cashmere Cardigans

MILAN, Italy — Brunello Cucinelli, the 59-year-old founder of the luxury fashion house that bears his name, has become a billionaire.

News & Analysis

Cucinelli Becomes Billionaire Knitting $1,920 Cashmere Cardigans

MILAN, Italy — Brunello Cucinelli, the 59-year-old founder of the luxury fashion house that bears his name, has become a billionaire.


News & Analysis

TPG Capital, Warburg Pincus Said to Explore Neiman Marcus Exit

NEW YORK, United States — TPG Capital and Warburg Pincus LLC are exploring a sale or public offering of Neiman Marcus Group Inc. eight years after

News & Analysis

TPG Capital, Warburg Pincus Said to Explore Neiman Marcus Exit

NEW YORK, United States — TPG Capital and Warburg Pincus LLC are exploring a sale or public offering of Neiman Marcus Group Inc. eight years after


News & Analysis

Barneys CEO Lee Takes Anti-Penney Approach to Turnaround

NEW YORK, United States — At a time when department stores are chopping themselves into mini-malls — J.C. Penney Co. being the most prominent example

News & Analysis

Barneys CEO Lee Takes Anti-Penney Approach to Turnaround

NEW YORK, United States — At a time when department stores are chopping themselves into mini-malls — J.C. Penney Co. being the most prominent example


News & Analysis

Adidas Net Beats Estimates as Profitability Widens to Record

HERZOGENAURACH, Germany — Adidas AG, the world's second-largest sporting-goods maker, reported first-quarter profit that beat analysts' estimates and

News & Analysis

Adidas Net Beats Estimates as Profitability Widens to Record

HERZOGENAURACH, Germany — Adidas AG, the world's second-largest sporting-goods maker, reported first-quarter profit that beat analysts' estimates and


News & Analysis

Hugo Boss Quarterly Operating Profit Drops 11 Percent

METZINGEN, Germany — Hugo Boss AG said first-quarter operating profit fell 11 percent as the German luxury-clothing maker changed its collection

News & Analysis

Hugo Boss Quarterly Operating Profit Drops 11 Percent

METZINGEN, Germany — Hugo Boss AG said first-quarter operating profit fell 11 percent as the German luxury-clothing maker changed its collection


News & Analysis

Asos Plans New China Entry as First-Half Profit Gains 19 Percent

LONDON, United Kingdom — Asos Plc, the U.K.'s largest online-only fashion retailer, said it plans to start a new website in China next financial year

News & Analysis

Asos Plans New China Entry as First-Half Profit Gains 19 Percent

LONDON, United Kingdom — Asos Plc, the U.K.'s largest online-only fashion retailer, said it plans to start a new website in China next financial year


News & Analysis

Factory Collapse Spurs Concern Only If $6 Bikinis Stay

In the wake of disasters in Bangladesh garment factories that have claimed hundreds of lives in recent months, shoppers in the West have shown growing concern about worker safety in developing countries. As long as it doesn’t mean an end to bargains.

News & Analysis

Factory Collapse Spurs Concern Only If $6 Bikinis Stay

In the wake of disasters in Bangladesh garment factories that have claimed hundreds of lives in recent months, shoppers in the West have shown growing concern about worker safety in developing countries. As long as it doesn’t mean an end to bargains.


News & Analysis

Jones Group to Close 170 Shops, Cutting Workforce by 8 Percent

NEW YORK, United States — Jones Group Inc., the owner of the Jones New York, Nine West and Anne Klein fashion brands, will close 170 stores and cut 8

News & Analysis

Jones Group to Close 170 Shops, Cutting Workforce by 8 Percent

NEW YORK, United States — Jones Group Inc., the owner of the Jones New York, Nine West and Anne Klein fashion brands, will close 170 stores and cut 8


News & Analysis

PPR Acquires Italian Jeweler Pomellato to Boost Luxury Offering

PARIS, France — PPR SA, the French owner of Gucci and sporting goods maker Puma SE, said it will buy a majority stake in Italy's Pomellato from

News & Analysis

PPR Acquires Italian Jeweler Pomellato to Boost Luxury Offering

PARIS, France — PPR SA, the French owner of Gucci and sporting goods maker Puma SE, said it will buy a majority stake in Italy's Pomellato from


News & Analysis

Billabong Extends Talks With Sycamore for A$287 Million Takeover

SYDNEY, Australia — Billabong International Ltd., Australia's largest surfwear company, agreed to extend exclusive talks with a group led by a former

News & Analysis

Billabong Extends Talks With Sycamore for A$287 Million Takeover

SYDNEY, Australia — Billabong International Ltd., Australia's largest surfwear company, agreed to extend exclusive talks with a group led by a former