The sportswear group, which has a near-30 percent stake in Debenhams, did not name or number the shareholders backing such a move.
The sportswear group, which has a near-30 percent stake in Debenhams, did not name or number the shareholders backing such a move.
The offer is the latest of Ashley’s attempts to wrest control of the ailing department store and save his existing stake in the company.
The offer is the latest of Ashley’s attempts to wrest control of the ailing department store and save his existing stake in the company.
As top-tier department stores pitch themselves as day-trip destinations to counter competition from online rivals such as Amazon, Galeries Lafayette will open a new outlet in Paris this week.
As top-tier department stores pitch themselves as day-trip destinations to counter competition from online rivals such as Amazon, Galeries Lafayette will open a new outlet in Paris this week.
The agreement is a step toward restructuring borrowings for the heavily indebted company.
The agreement is a step toward restructuring borrowings for the heavily indebted company.
This week, everyone will be talking about Brexit, Galeries Lafayette's opening against the backdrop of the Yellow Vest protests in Paris and H&M's latest earnings report. Read our BoF Professional Cheat Sheet.
This week, everyone will be talking about Brexit, Galeries Lafayette's opening against the backdrop of the Yellow Vest protests in Paris and H&M's latest earnings report. Read our BoF Professional Cheat Sheet.
The high-end department store launched a range of pot-themed products this week in the latest sign that the drug is moving up the social ladder.
The high-end department store launched a range of pot-themed products this week in the latest sign that the drug is moving up the social ladder.
Amid an ongoing 'retail apocalypse' that’s wiping out thousands of stores, retailers are staking their future on a new generation of brick-and-mortar shops that are radically different from their predecessors.
Amid an ongoing 'retail apocalypse' that’s wiping out thousands of stores, retailers are staking their future on a new generation of brick-and-mortar shops that are radically different from their predecessors.
The French department store’s new Champs-Elysées store is slated to open on March 28 as part of a wider reboot of the famed Parisian avenue.
The French department store’s new Champs-Elysées store is slated to open on March 28 as part of a wider reboot of the famed Parisian avenue.
"Digital sales jumped 16 percent during the fiscal year."
"Digital sales jumped 16 percent during the fiscal year."
While the company said it can achieve growth in comparable-store sales, it won’t come immediately.
While the company said it can achieve growth in comparable-store sales, it won’t come immediately.
Two Australian non-executive directors resigned from David Jones last week, hot on the heels of CEO David Thomas, the third head of that business to leave in five years.
Two Australian non-executive directors resigned from David Jones last week, hot on the heels of CEO David Thomas, the third head of that business to leave in five years.
The department store also announced a sourcing partnership with Li & Fung for its own-brand products.
The department store also announced a sourcing partnership with Li & Fung for its own-brand products.
In a document filed with the Securities and Exchange Commission, the company’s management has approved a plan for organisational changes expected to cost the brand nearly $300 million. One analyst posited the target could be its struggling subsidiary.
The decline in nonfarm payrolls reported by the Labor Department in its employment report on Friday was the sixth since January 2025 and the second largest.
The Japanese sportswear brand is accelerating global expansion by acquiring race-registration platforms to deepen engagement with runners.
The brands Gap and Banana Republic beat comparable sales estimates.
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.