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.
L Brands Meets Third Quarter Profit Forecasts
The owner of Victoria's Secret, Bath & Body Works and other chain stores posted revenue of $2.62 billion in the period, which beat Wall Street forecasts.
L Brands Meets Third Quarter Profit Forecasts
The owner of Victoria's Secret, Bath & Body Works and other chain stores posted revenue of $2.62 billion in the period, which beat Wall Street forecasts.
Farfetch Sales Jump in Road to Potential IPO
Revenues and gross profits at the fashion-tech giant grew by 74 percent each in 2016, as significant investments in China and other emerging markets come to fruition. Will it earn that reported $5 billion valuation?
Farfetch Sales Jump in Road to Potential IPO
Revenues and gross profits at the fashion-tech giant grew by 74 percent each in 2016, as significant investments in China and other emerging markets come to fruition. Will it earn that reported $5 billion valuation?
Nike Knocked by Unions for Company's Tax Avoidance Strategies
Following Nike's appearance in the 'Paradise Papers' earlier this month, the sports giant is now facing a push by organised labour to stop the practice.
Nike Knocked by Unions for Company's Tax Avoidance Strategies
Following Nike's appearance in the 'Paradise Papers' earlier this month, the sports giant is now facing a push by organised labour to stop the practice.
Hudson's Bay Investors Urge Debt Reduction
The department store chain's shareholders want it to return cash to them and not invest the proceeds in traditional retail operations.
Hudson's Bay Investors Urge Debt Reduction
The department store chain's shareholders want it to return cash to them and not invest the proceeds in traditional retail operations.
Alibaba Rise Creates at Least 10 Billionaires
The individual's fortunes have emerged from Alibaba’s supporting industries such as payment systems and delivery companies, with a combined wealth totalling more than $52 billion.
Alibaba Rise Creates at Least 10 Billionaires
The individual's fortunes have emerged from Alibaba’s supporting industries such as payment systems and delivery companies, with a combined wealth totalling more than $52 billion.
Billionaire Frere Increases Burberry Stake After Share Plunge
Albert Frere, a longtime business associate of Bernard Arnault, raised his holding to 6 percent from 4 percent a day after its shares fell 10 percent on disappointment over Marco Gobbetti’s strategic plan.
Billionaire Frere Increases Burberry Stake After Share Plunge
Albert Frere, a longtime business associate of Bernard Arnault, raised his holding to 6 percent from 4 percent a day after its shares fell 10 percent on disappointment over Marco Gobbetti’s strategic plan.
Prada Signs Italian Tax Cooperation Agreement
The scheme involves an exchange of information between the Italian fashion house and authorities to avoid disputes and help the business to avoid unexpected tax demands.
Prada Signs Italian Tax Cooperation Agreement
The scheme involves an exchange of information between the Italian fashion house and authorities to avoid disputes and help the business to avoid unexpected tax demands.
Macy's Sales Disappoint but Chain Remains Optimistic Ahead of Holidays
The season marks a crossroads for the largest US department-store chain, which is trying to get back on its feet after three punishing years.
Macy's Sales Disappoint but Chain Remains Optimistic Ahead of Holidays
The season marks a crossroads for the largest US department-store chain, which is trying to get back on its feet after three punishing years.
Adidas Outruns Rival Nike Even as Revenue Growth Rate Slows
Revenue increased by 8.7 percent, less than half the growth rate in the previous quarter, and operating profit advanced 35 percent to €795 million.
Adidas Outruns Rival Nike Even as Revenue Growth Rate Slows
Revenue increased by 8.7 percent, less than half the growth rate in the previous quarter, and operating profit advanced 35 percent to €795 million.
Burberry Sales Beat Estimates
The London-based company reported first-half revenue 1.6 percent above the average analyst estimate, giving Gobbetti a boost as he prepares for a future without creative head Christopher Bailey.
Burberry Sales Beat Estimates
The London-based company reported first-half revenue 1.6 percent above the average analyst estimate, giving Gobbetti a boost as he prepares for a future without creative head Christopher Bailey.
YNAP Business 'Strong, Robust and Solid' Says CEO
Chief executive Federico Marchetti said revenue at Yoox Net-a-Porter this year will grow in the lower part of the expected 17 to 20 percent range due to logistics delays at The Outnet.
YNAP Business 'Strong, Robust and Solid' Says CEO
Chief executive Federico Marchetti said revenue at Yoox Net-a-Porter this year will grow in the lower part of the expected 17 to 20 percent range due to logistics delays at The Outnet.
Bernard Arnault Responds to 'Paradise Papers'
Assets referred to by Le Monde newspaper in the 'Paradise Papers' leaks were known to tax authorities, said the LVMH chief executive in a statement.
Bernard Arnault Responds to 'Paradise Papers'
Assets referred to by Le Monde newspaper in the 'Paradise Papers' leaks were known to tax authorities, said the LVMH chief executive in a statement.
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.