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.
Hermès Sticks to 'Ambitious' Production Goal as Sales Rise 8.3 Percent
The company is trying to respond to a rebound in demand for high-end goods by training up leather workers and adding new sites.
Hermès Sticks to 'Ambitious' Production Goal as Sales Rise 8.3 Percent
The company is trying to respond to a rebound in demand for high-end goods by training up leather workers and adding new sites.
News Bites | NewStore Lands $50 Million in Funding
In today’s News Bites, mobile retail platform NewStore shares its plans to take on Amazon after a Series B funding round.
News Bites | NewStore Lands $50 Million in Funding
In today’s News Bites, mobile retail platform NewStore shares its plans to take on Amazon after a Series B funding round.
Burberry Sales Beat Estimates as CEO Gobbetti Takes Over
Strong first-quarter results give Gobbetti a boost as he seeks to benefit from a luxury goods rebound in China while overhauling the company’s US business.
Burberry Sales Beat Estimates as CEO Gobbetti Takes Over
Strong first-quarter results give Gobbetti a boost as he seeks to benefit from a luxury goods rebound in China while overhauling the company’s US business.
Sales Slump at Victoria's Secret Owner L Brands
Net sales at the Victoria's Secret owner fell 6 percent in June, compared with last year during the same period, and same-store sales fell 9 percent, which is worse than industry analysts had expected.
Sales Slump at Victoria's Secret Owner L Brands
Net sales at the Victoria's Secret owner fell 6 percent in June, compared with last year during the same period, and same-store sales fell 9 percent, which is worse than industry analysts had expected.
VC Firm That Backed Gwyneth Paltrow Raises $150 Million
Felix Capital Partners plans to use the money to grab stakes in early-stage startups that tap into the growth of digital brands.
VC Firm That Backed Gwyneth Paltrow Raises $150 Million
Felix Capital Partners plans to use the money to grab stakes in early-stage startups that tap into the growth of digital brands.
Why Artémis, Not Kering, Invested in Giambattista Valli
Last week, Artémis, the mega holding company of the Pinault family, announced that it has acquired a minority stake in Giambattista Valli. But why didn’t Kering just make the investment itself?
Why Artémis, Not Kering, Invested in Giambattista Valli
Last week, Artémis, the mega holding company of the Pinault family, announced that it has acquired a minority stake in Giambattista Valli. But why didn’t Kering just make the investment itself?
Burberry Faces Investor Advisory Groups' Wrath on Executive Pay
The British luxury goods maker is facing growing opposition from some of its investors over how much it plans to award its executive team at this year's shareholder meeting.
Burberry Faces Investor Advisory Groups' Wrath on Executive Pay
The British luxury goods maker is facing growing opposition from some of its investors over how much it plans to award its executive team at this year's shareholder meeting.
News Bites | Chaos to Launch Magazine, Zanzan Lands Investment
In today’s News Bites, Charlotte Stockdale and Katie Lyall are set to launch a magazine, while sunglasses brand Zanzan receives investment from Eiesha Bharti Pasricha.
News Bites | Chaos to Launch Magazine, Zanzan Lands Investment
In today’s News Bites, Charlotte Stockdale and Katie Lyall are set to launch a magazine, while sunglasses brand Zanzan receives investment from Eiesha Bharti Pasricha.
Hudson's Bay Targeted by Activist Investor Land & Buildings
Land & Buildings Investment Management, which owns 4.3 percent of Hudson's Bay, urged it to unlock the value of its real estate portfolio and explore a take-private transaction.
Hudson's Bay Targeted by Activist Investor Land & Buildings
Land & Buildings Investment Management, which owns 4.3 percent of Hudson's Bay, urged it to unlock the value of its real estate portfolio and explore a take-private transaction.
Singapore's Reebonz Seeks to Raise Up to $150 Million
Southeast Asia’s largest online luxury retailer is planning to raise as much as $150 million to bolster its marketplace business and fund expansion in China, Japan and South Korea.
Singapore's Reebonz Seeks to Raise Up to $150 Million
Southeast Asia’s largest online luxury retailer is planning to raise as much as $150 million to bolster its marketplace business and fund expansion in China, Japan and South Korea.
LVMH Chief Raises Concerns on Global Economy
Bernard Arnault, the chairman and chief executive of LVMH, said he is optimistic about France’s new president, but worried about the state of the global economy.
LVMH Chief Raises Concerns on Global Economy
Bernard Arnault, the chairman and chief executive of LVMH, said he is optimistic about France’s new president, but worried about the state of the global economy.
Is Farfetch Edging Towards a $5 Billion IPO?
According to reports, the company is in the process of appointing bankers for a New York listing that could value the company at up to $5 billion.
Is Farfetch Edging Towards a $5 Billion IPO?
According to reports, the company is in the process of appointing bankers for a New York listing that could value the company at up to $5 billion.
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.