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.
Which Retailers Have Been Hit Hardest by the Covid-19 Crash?
Without a reliable revenue stream, retailers with ample cash on hand are better positioned to weather the storm, analysts say. But some categories are faring better than others, like sportswear and heritage luxury.
Which Retailers Have Been Hit Hardest by the Covid-19 Crash?
Without a reliable revenue stream, retailers with ample cash on hand are better positioned to weather the storm, analysts say. But some categories are faring better than others, like sportswear and heritage luxury.
Is This Online Shopping's Moment to Shine?
This week, everyone will be talking about the coronavirus pandemic's economic impact, from soaring US unemployment to a potential boost for e-commerce to China's recovery. Get your BoF Professional Cheat Sheet.
Is This Online Shopping's Moment to Shine?
This week, everyone will be talking about the coronavirus pandemic's economic impact, from soaring US unemployment to a potential boost for e-commerce to China's recovery. Get your BoF Professional Cheat Sheet.
Stocks Hit As Oil Prices Slump
Trading on US stock exchanges was halted immediately after opening, as the benchmark S&P 500 fell to its lowest since June 2019.
Stocks Hit As Oil Prices Slump
Trading on US stock exchanges was halted immediately after opening, as the benchmark S&P 500 fell to its lowest since June 2019.
Coronavirus Wipes Four Months of Gains off SLI
The Savigny Luxury Index went into meltdown this month, with no single company posting gains, as the coronavirus edged closer to becoming a global pandemic.
Coronavirus Wipes Four Months of Gains off SLI
The Savigny Luxury Index went into meltdown this month, with no single company posting gains, as the coronavirus edged closer to becoming a global pandemic.
Edgewell Drops Harry's Acquisition After FTC opposition
Edgewell said Harry's intended to pursue litigation against it.
Edgewell Drops Harry's Acquisition After FTC opposition
Edgewell said Harry's intended to pursue litigation against it.
Luxury Feels the Impact of Coronavirus
The sector has faced investor fears over the spread of the coronavirus, echoing the strong impact brought about by the 2003 SARS epidemic.
Luxury Feels the Impact of Coronavirus
The sector has faced investor fears over the spread of the coronavirus, echoing the strong impact brought about by the 2003 SARS epidemic.
FTC Moves to Block Edgewell's Acquisition of Shaving Startup Harry's
The acquisition would cause the market to lose a critical competitor that has driven down prices and pushed innovation, said the FTC in a statement.
FTC Moves to Block Edgewell's Acquisition of Shaving Startup Harry's
The acquisition would cause the market to lose a critical competitor that has driven down prices and pushed innovation, said the FTC in a statement.
Frasers Group Settles Belgian Tax Case
The sportswear retailer has agreed on 73 percent of a query over value added tax of €674 million.
Frasers Group Settles Belgian Tax Case
The sportswear retailer has agreed on 73 percent of a query over value added tax of €674 million.
2019 Ends on a Positive Note For Luxury
Luxury investment throughout 2019 often felt like a game of musical chairs, but the year ended on a positive note, with an overall yearly gain of 44 percent for the Savigny Luxury Index.
2019 Ends on a Positive Note For Luxury
Luxury investment throughout 2019 often felt like a game of musical chairs, but the year ended on a positive note, with an overall yearly gain of 44 percent for the Savigny Luxury Index.
The Year Ahead: Macroeconomic Headwinds Put Companies on High Alert
Continued caution is advised as mounting underlying turmoil could disrupt relations among both developed and emerging market economies.
The Year Ahead: Macroeconomic Headwinds Put Companies on High Alert
Continued caution is advised as mounting underlying turmoil could disrupt relations among both developed and emerging market economies.
Deals of the Decade
BoF identifies the 10 most transformative partnerships of the past 10 years.
Hudson’s Bay Group Said to Consider Shelving Takeover Offer
The struggling retailer cited third-quarter results and a delay in the shareholder vote as reasons for possibly scrapping the offer.
Hudson’s Bay Group Said to Consider Shelving Takeover Offer
The struggling retailer cited third-quarter results and a delay in the shareholder vote as reasons for possibly scrapping the offer.
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.