Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
merger
Latest News & Analysis
Retail
The Big Keep Getting Bigger in the Pandemic-Rearranged Economy
Antitrust experts fear that as the largest companies increase market shares, decimated firms might disappear or have little choice but to sell out at fire-sale prices — and that lawmakers will be under pressure not to stand in the way as the economy struggles to recover.
The Big Keep Getting Bigger in the Pandemic-Rearranged Economy
Antitrust experts fear that as the largest companies increase market shares, decimated firms might disappear or have little choice but to sell out at fire-sale prices — and that lawmakers will be under pressure not to stand in the way as the economy struggles to recover.
Luxury
2020’s Top M&A Targets in Luxury
BoF tapped industry experts and analysed the market to determine which brands will likely be targeted this year — and which wild-card mergers could pick up steam.
2020’s Top M&A Targets in Luxury
BoF tapped industry experts and analysed the market to determine which brands will likely be targeted this year — and which wild-card mergers could pick up steam.
Retail
Old Mutual Backs South African Retailer Footgear’s Acquisition Plans
The plan to buy Edcon’s Edgars Active and High Key assets will create one of Southern Africa's largest sports and casual wear businesses.
Old Mutual Backs South African Retailer Footgear’s Acquisition Plans
The plan to buy Edcon’s Edgars Active and High Key assets will create one of Southern Africa's largest sports and casual wear businesses.
News & Analysis
Bespoke Fashion Start-Ups Join Forces for European Expansion
Menswear shopping services Outfittery and Modomoto are set to transform into a merged business with a revenue target of over €100 million in 2020.
Bespoke Fashion Start-Ups Join Forces for European Expansion
Menswear shopping services Outfittery and Modomoto are set to transform into a merged business with a revenue target of over €100 million in 2020.
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News & Analysis
The Latest Clash Between France and Italy Is Over Sunglasses
Shares in EssilorLuxottica, the world’s largest eyewear company, have slumped 22 percent since the two brands merged.
The Latest Clash Between France and Italy Is Over Sunglasses
Shares in EssilorLuxottica, the world’s largest eyewear company, have slumped 22 percent since the two brands merged.
News & Analysis
Acne Studios Takes Minority Investment
IDG Capital and Hong Kong-based I.T Group have acquired stakes of 30.1 percent and 10.9 percent of the company.
Acne Studios Takes Minority Investment
IDG Capital and Hong Kong-based I.T Group have acquired stakes of 30.1 percent and 10.9 percent of the company.
Retail
Debenhams Shares Rise After Speculations of Merge with House of Fraser
Shares in Debenhams rose after an outgoing director of Sports Direct said theboard had discussed combining the department store group with House of Fraser.
Debenhams Shares Rise After Speculations of Merge with House of Fraser
Shares in Debenhams rose after an outgoing director of Sports Direct said theboard had discussed combining the department store group with House of Fraser.
Retail
Hudson's Bay and Signa Holding Merge Two German Department Store Chains
The move comes as the department store chains seek to respond to fierce competition from e-commerce players.
Hudson's Bay and Signa Holding Merge Two German Department Store Chains
The move comes as the department store chains seek to respond to fierce competition from e-commerce players.
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News & Analysis
Indian Traders' Group Files Objection to Walmart-Flipkart Deal
The Confederation of All India Traders said the merger would create unfair competition and result in predatory pricing.
Indian Traders' Group Files Objection to Walmart-Flipkart Deal
The Confederation of All India Traders said the merger would create unfair competition and result in predatory pricing.
News & Analysis
Op-Ed | Why Michael Kors and Tapestry Should Hold Fire on M&A
The two companies want to turn themselves into luxury powerhouses, but they shouldn't let impatience steer them.
Op-Ed | Why Michael Kors and Tapestry Should Hold Fire on M&A
The two companies want to turn themselves into luxury powerhouses, but they shouldn't let impatience steer them.
News & Analysis
Luxottica CEO Exits Eyewear Giant Ahead of Essilor Merger
Luxottica is simplifying its management structure ahead of a mega-merger with Essilor.
Luxottica CEO Exits Eyewear Giant Ahead of Essilor Merger
Luxottica is simplifying its management structure ahead of a mega-merger with Essilor.
News & Analysis
WME-IMG Renames Parent Company as Endeavor
"Since private equity firm Silver Lake’s initial outside investment in 2012, the company has...boosted its portfolio with a considerable number of
WME-IMG Renames Parent Company as Endeavor
"Since private equity firm Silver Lake’s initial outside investment in 2012, the company has...boosted its portfolio with a considerable number of
The News in Brief
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
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.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
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.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
Abercrombie & Fitch Forecasts Muted Annual Sales Amid Tariff Uncertainty
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.