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Financial Markets
A financial lens on the fast-changing fashion sector, including markets, investors and deals.
SMCP Expects Slower Growth as French Protests Drag On
The French fashion group, which owns Sandro and Maje, forecast more moderate sales growth in 2019 as street protests rock France and Britain's messy EU exit spreads uncertainty.
SMCP Expects Slower Growth as French Protests Drag On
The French fashion group, which owns Sandro and Maje, forecast more moderate sales growth in 2019 as street protests rock France and Britain's messy EU exit spreads uncertainty.
Levi Strauss Shares Surge 31 Percent in Return to Stock Market
The 165-year-old company's return to the public market comes at a time when stocks are near all-time highs and the popularity of denim is surging.
Levi Strauss Shares Surge 31 Percent in Return to Stock Market
The 165-year-old company's return to the public market comes at a time when stocks are near all-time highs and the popularity of denim is surging.
Ted Baker Posts First Annual Profit Drop Since Financial Crisis
The British fashion retailer reported pretax profit of £50.9 million, down 26.1 percent, as discounting and uncertainty on Britain's high street weighed on the company.
Ted Baker Posts First Annual Profit Drop Since Financial Crisis
The British fashion retailer reported pretax profit of £50.9 million, down 26.1 percent, as discounting and uncertainty on Britain's high street weighed on the company.
Levi Strauss Valued at $6.6 Billion as IPO Tops Target
Set to debut on the NYSE Thursday, Levi's sold $623.3 million in shares in its IPO with shares priced at $17, above the target range of $14 to $16.
Levi Strauss Valued at $6.6 Billion as IPO Tops Target
Set to debut on the NYSE Thursday, Levi's sold $623.3 million in shares in its IPO with shares priced at $17, above the target range of $14 to $16.
French Investment Group Sells Stake in Moncler
Eurazeo has sold its entire 4.8 percent stake of Moncler's share capital for around €445 million.
French Investment Group Sells Stake in Moncler
Eurazeo has sold its entire 4.8 percent stake of Moncler's share capital for around €445 million.
Hermès Still Benefiting From Buoyant Asian Demand
Along with Louis Vuitton and Gucci, Hermès is still riding high on strong demand from Asian clients with net profit up 15 percent to €1.4 billion and operating income up 6 percent to €2 billion.
Hermès Still Benefiting From Buoyant Asian Demand
Along with Louis Vuitton and Gucci, Hermès is still riding high on strong demand from Asian clients with net profit up 15 percent to €1.4 billion and operating income up 6 percent to €2 billion.
Glossier Raises $100 million After Sales Double
The millennial-favorite cosmetics company doubled sales last year and is now valued at $1.2 billion, reports say.
Glossier Raises $100 million After Sales Double
The millennial-favorite cosmetics company doubled sales last year and is now valued at $1.2 billion, reports say.
Asos Maintains Full-Year Outlook After December Profit Warning
The e-tailer will cut prices and raise marketing spending in France and Germany, and look to improve its US business after unexpectedly high demand there caused significant dispatch backlog.
Asos Maintains Full-Year Outlook After December Profit Warning
The e-tailer will cut prices and raise marketing spending in France and Germany, and look to improve its US business after unexpectedly high demand there caused significant dispatch backlog.
Gwyneth Paltrow's Goop Cashing in Despite 'Pseudoscience' Claims
To the surprise of the medical community, Gwyneth Paltrow's lifestyle brand has become the epicentre of the multi-trillion dollar wellness industry.
Gwyneth Paltrow's Goop Cashing in Despite 'Pseudoscience' Claims
To the surprise of the medical community, Gwyneth Paltrow's lifestyle brand has become the epicentre of the multi-trillion dollar wellness industry.
H&M Sales Rise for Third Straight Quarter
The world's second-biggest fashion retailer's net sales were up 10 percent to $5.49 billion versus expectations for an eight percent rise.
H&M Sales Rise for Third Straight Quarter
The world's second-biggest fashion retailer's net sales were up 10 percent to $5.49 billion versus expectations for an eight percent rise.
African E-Commerce Firm Jumia Files for IPO
The New York filing could value the company at $1.6 billion or more.
African E-Commerce Firm Jumia Files for IPO
The New York filing could value the company at $1.6 billion or more.
Inditex's Earnings Growth Slows to Weakest in Five Years
Even a more generous dividend policy unveiled Wednesday failed to stem the decline, showing the Spanish giant is not immune to the retail malaise that has burdened rival H&M.
Inditex's Earnings Growth Slows to Weakest in Five Years
Even a more generous dividend policy unveiled Wednesday failed to stem the decline, showing the Spanish giant is not immune to the retail malaise that has burdened rival H&M.
THE NEWS IN BRIEF
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.
US Economy Shrinks for a Second Quarter, Raising Recession Odds
Gross domestic product fell at a 0.9 percent annualised rate after a 1.6 percent decline in the first three months of the year, the Commerce Department’s preliminary estimate showed Thursday.