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.
As Lockdowns Ease, Luxury Sees Record Valuation
Growth prospects for 2020 remain subdued, but investors are looking beyond the current crisis.
As Lockdowns Ease, Luxury Sees Record Valuation
Growth prospects for 2020 remain subdued, but investors are looking beyond the current crisis.
J.C. Penney Files for Bankruptcy Protection
The U.S. department store chain said it reached an agreement with existing lenders for $900 million of financing to aid operations while it navigates bankruptcy proceedings in federal court.
J.C. Penney Files for Bankruptcy Protection
The U.S. department store chain said it reached an agreement with existing lenders for $900 million of financing to aid operations while it navigates bankruptcy proceedings in federal court.
Neiman Marcus Creditor Calls for Deal With Saks Fifth Avenue
A letter by the creditor suggests that combining the two luxury retailers would create between $2.8 billion and $4.7 billion of value.
Neiman Marcus Creditor Calls for Deal With Saks Fifth Avenue
A letter by the creditor suggests that combining the two luxury retailers would create between $2.8 billion and $4.7 billion of value.
What the Bankruptcy Onslaught Means for the Future of Retail
Filing for Chapter 11 looks different now. Here's what retailers and their partners need to know.
What the Bankruptcy Onslaught Means for the Future of Retail
Filing for Chapter 11 looks different now. Here's what retailers and their partners need to know.
Bankruptcy Court Approves Neiman Marcus' Plea to Access Financing
The luxury department store arranged $675 million of debtor-in-possession financing to aid operations while it attempts to reorganise.
Bankruptcy Court Approves Neiman Marcus' Plea to Access Financing
The luxury department store arranged $675 million of debtor-in-possession financing to aid operations while it attempts to reorganise.
J.C. Penney Talks With KKR, Ares, Lenders on Bankruptcy Loan
The plan would be included in a Chapter 11 court filing that could come next week, according to people with knowledge of the matter.
J.C. Penney Talks With KKR, Ares, Lenders on Bankruptcy Loan
The plan would be included in a Chapter 11 court filing that could come next week, according to people with knowledge of the matter.
For Luxury, Hope Springs Eternal
Investors in the sector are looking beyond a troublesome second quarter to greener pastures in the second half of 2020.
For Luxury, Hope Springs Eternal
Investors in the sector are looking beyond a troublesome second quarter to greener pastures in the second half of 2020.
Report: Revlon to Close $1.8 Billion Debt-Refinancing Package
The beauty group's bid to reorganise a significant amount of its debt load is in addition to a $65 million revolving credit facility, according to sources familiar with the matter.
Report: Revlon to Close $1.8 Billion Debt-Refinancing Package
The beauty group's bid to reorganise a significant amount of its debt load is in addition to a $65 million revolving credit facility, according to sources familiar with the matter.
Industry Sees Hope in China, as Coronavirus Takes Toll in the West
Coronavirus is spreading across the world with signs of recovery in Asia offset by growing pandemonium in Europe and the United States.
Industry Sees Hope in China, as Coronavirus Takes Toll in the West
Coronavirus is spreading across the world with signs of recovery in Asia offset by growing pandemonium in Europe and the United States.
US Banking Group Warns of 'Massive' Delays With Small Business Rescue Programme
An independent group of bankers wrote to the US Treasury on Saturday that lenders were experiencing delays in processing loans, and experiencing technical difficulties.
US Banking Group Warns of 'Massive' Delays With Small Business Rescue Programme
An independent group of bankers wrote to the US Treasury on Saturday that lenders were experiencing delays in processing loans, and experiencing technical difficulties.
Will the Pandemic Reset Fashion's Seasonal Schedule?
This week, everyone will be talking about how businesses are thinking about e-commerce disruptions and layoffs, H&M's results and Covid-19's effect on retail schedules. Get your BoF Professional Cheat Sheet.
Will the Pandemic Reset Fashion's Seasonal Schedule?
This week, everyone will be talking about how businesses are thinking about e-commerce disruptions and layoffs, H&M's results and Covid-19's effect on retail schedules. Get your BoF Professional Cheat Sheet.
What Fashion Brands Need to Know About the Stimulus Package
The $2 trillion relief bill will provide cash assistance to millions of individual Americans, as well as entrepreneurs whose businesses are paralysed by the ongoing coronavirus pandemic.
What Fashion Brands Need to Know About the Stimulus Package
The $2 trillion relief bill will provide cash assistance to millions of individual Americans, as well as entrepreneurs whose businesses are paralysed by the ongoing coronavirus pandemic.
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.