Investors Brace for More Volatility With Trump Set to Address Congress
The president’s remarks come at a pivotal point for markets.
Financial Markets
A financial lens on the fast-changing fashion sector, including markets, investors and deals.
North America Drives Sales Increase at SMCP
The owner of Sandro, Maje and Claudie Pierlot posted a 14 percent rise in third-quarter sales, with the US overtaking Asia as its biggest driver of growth.
North America Drives Sales Increase at SMCP
The owner of Sandro, Maje and Claudie Pierlot posted a 14 percent rise in third-quarter sales, with the US overtaking Asia as its biggest driver of growth.
Why Kering Is Buying Back Its Shares
The French luxury conglomerate plans to buy back up to 1 percent of its share capital over a 12-month period.
Why Kering Is Buying Back Its Shares
The French luxury conglomerate plans to buy back up to 1 percent of its share capital over a 12-month period.
Amazon Shares Sink 10 Percent on Growth Worries
The fall in shares, if replicated when US stock markets open officially, would knock nearly $90 billion off Amazon's market value and relegate it behind Microsoft Corp and Apple Inc.
Amazon Shares Sink 10 Percent on Growth Worries
The fall in shares, if replicated when US stock markets open officially, would knock nearly $90 billion off Amazon's market value and relegate it behind Microsoft Corp and Apple Inc.
Amazon Shares Dip After Sales Miss
The e-commerce behemoth came short of Wall Street projections for its quarterly sales and lowered its revenue forecast for the holiday season.
Amazon Shares Dip After Sales Miss
The e-commerce behemoth came short of Wall Street projections for its quarterly sales and lowered its revenue forecast for the holiday season.
Farfetch Gets Analyst Praise in Initiations
Wells Fargo, UBS and Deutsche Bank are among the firms that issued a buy rating on the company.
Farfetch Gets Analyst Praise in Initiations
Wells Fargo, UBS and Deutsche Bank are among the firms that issued a buy rating on the company.
Shares in Pandora Soar
The gains follow speculation that the company may have hired an adviser to help it handle potential approaches from buyout funds
Shares in Pandora Soar
The gains follow speculation that the company may have hired an adviser to help it handle potential approaches from buyout funds
Nuo Capital Acquires Stake in Slowear
The investment will help the Italian fashion group double its turnover to €100 million in the next five years.
Nuo Capital Acquires Stake in Slowear
The investment will help the Italian fashion group double its turnover to €100 million in the next five years.
Fast Retailing Posts Record Annual Profit
The owner of Japan's clothing chain Uniqlo forecasts stronger results in the current year, helped by growth in Asia and a recovery at its US stores.
Fast Retailing Posts Record Annual Profit
The owner of Japan's clothing chain Uniqlo forecasts stronger results in the current year, helped by growth in Asia and a recovery at its US stores.
Unicorn Deals Fail to Ignite the Market
Despite continuing signs of growth and the announcement of landmark deals, the Savigny Luxury Index was flat this month.
Unicorn Deals Fail to Ignite the Market
Despite continuing signs of growth and the announcement of landmark deals, the Savigny Luxury Index was flat this month.
Ted Baker Posts Higher Half-Year Revenue
British retailer posted a 3.5 percent rise in half-year revenue, helped by a significant uptick in online sales.
Ted Baker Posts Higher Half-Year Revenue
British retailer posted a 3.5 percent rise in half-year revenue, helped by a significant uptick in online sales.
America’s Malls Aren’t Dying as Fast as Some Traders Would Like
Hedge funds have piled into a trade that could reap huge profits if loans taken out by mall operators eventually go bust. But there's one catch: the mall industry refuses to die.
America’s Malls Aren’t Dying as Fast as Some Traders Would Like
Hedge funds have piled into a trade that could reap huge profits if loans taken out by mall operators eventually go bust. But there's one catch: the mall industry refuses to die.
Folli Follie Asia Sales Overstated by 90 Percent
The preliminary analysis said that 2017 Asian sales were about $117 million, compared with $1.1 billion declared in the company’s most recent financial report published in April.
Folli Follie Asia Sales Overstated by 90 Percent
The preliminary analysis said that 2017 Asian sales were about $117 million, compared with $1.1 billion declared in the company’s most recent financial report published in April.
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.