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.
The Drumroll to Farfetch’s $5 Billion IPO
Over the last year, the fashion ‘unicorn’ has made a series of major announcements designed, in part, to prime the market for a blockbuster IPO set for September 2018.
The Drumroll to Farfetch’s $5 Billion IPO
Over the last year, the fashion ‘unicorn’ has made a series of major announcements designed, in part, to prime the market for a blockbuster IPO set for September 2018.
Amazon Says to Create 2,000 Jobs in France in 2018
The US online retail giant has been expanding steadily in France, its largest market in Europe after Britain and Germany.
Amazon Says to Create 2,000 Jobs in France in 2018
The US online retail giant has been expanding steadily in France, its largest market in Europe after Britain and Germany.
Under Armour's Global Push Helps Ease Slump at Home
The athletic-wear company reported fourth-quarter revenue that topped projections, led by a 47 percent increase in sales outside North America.
Under Armour's Global Push Helps Ease Slump at Home
The athletic-wear company reported fourth-quarter revenue that topped projections, led by a 47 percent increase in sales outside North America.
Gucci Boosts Kering's Fourth-Quarter Sales Growth
Kering is enjoying its most profitable year on record, as Gucci closed out 2017 with another quarter of runaway growth.
Gucci Boosts Kering's Fourth-Quarter Sales Growth
Kering is enjoying its most profitable year on record, as Gucci closed out 2017 with another quarter of runaway growth.
Report: Fosun Outbids Mayhoola for Lanvin
The Chinese conglomerate will inject more than €100 million into the troubled French heritage label, according to market reports.
Report: Fosun Outbids Mayhoola for Lanvin
The Chinese conglomerate will inject more than €100 million into the troubled French heritage label, according to market reports.
Sneaker Resale Heats Up
This week, LVMH Luxury Ventures and Index Ventures bet on sneaker marketplaces Stadium Goods and Goat.
Sneaker Resale Heats Up
This week, LVMH Luxury Ventures and Index Ventures bet on sneaker marketplaces Stadium Goods and Goat.
Luxury Cosmetics Lift L'Oréal Sales Growth
Brands like Lancôme helped lift sales growth in the fourth quarter, while strong appetite from Asian consumers offset a trickier US market.
Luxury Cosmetics Lift L'Oréal Sales Growth
Brands like Lancôme helped lift sales growth in the fourth quarter, while strong appetite from Asian consumers offset a trickier US market.
Alibaba to Take $486 Million Stake in China Retail Data Firm
Alibaba has been beefing up its retail presence with more than $10 billion of investments into brick-and-mortar outlets amid rising competition from Tencent.
Alibaba to Take $486 Million Stake in China Retail Data Firm
Alibaba has been beefing up its retail presence with more than $10 billion of investments into brick-and-mortar outlets amid rising competition from Tencent.
Michael Kors' Same-Store Sales Fall Less Than Expected
Same-store sales fell 3.2 percent in the company's holiday quarter, well below analysts average estimate of a decline of 6.8 percent.
Michael Kors' Same-Store Sales Fall Less Than Expected
Same-store sales fell 3.2 percent in the company's holiday quarter, well below analysts average estimate of a decline of 6.8 percent.
Former Perry Ellis Chairman Offers to Buy Company for $430 Million
George Feldenkreis, who is the company’s largest shareholder, offered $27.50 per Perry Ellis share.
Former Perry Ellis Chairman Offers to Buy Company for $430 Million
George Feldenkreis, who is the company’s largest shareholder, offered $27.50 per Perry Ellis share.
Tapestry Shares Rise After Earnings Beat Expectations
Same-store sales for the Coach brand surpassed analysts’ estimates, a sign the label is rebounding as executives try to re-elevate its image.
Tapestry Shares Rise After Earnings Beat Expectations
Same-store sales for the Coach brand surpassed analysts’ estimates, a sign the label is rebounding as executives try to re-elevate its image.
British Fast Fashion Chain New Look Earnings and Revenue Fall
Earnings and revenue fell in the three quarters to December as New Look implemented a turnaround strategy after struggling to compete in the British market.
British Fast Fashion Chain New Look Earnings and Revenue Fall
Earnings and revenue fell in the three quarters to December as New Look implemented a turnaround strategy after struggling to compete in the British market.
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.