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Mulberry Rejects Frasers’ Cash Offer, Pursues Capital Raise and Backs New CEO Andrea Baldo
Mike Ashley's Frasers Group made an 83 million pounds cash offer for Mulberry earlier this week, arguing it…
Mulberry Raises Fresh Funds Amid Losses, Falling Sales in Fiscal 2024
Mulberry swung to a double-digit loss in the fiscal year ended March 30, and plans to start anew with 10.75…
Remo Ruffini Teams With LVMH to Increase His Stake in Moncler
LVMH will help Ruffini build a bigger stake in Moncler and get a seat on the brand's board.
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H&M Revenue Flat, Profits Sink in Q3 Due to Macro Pressures, Cold Summer Weather
Cost pressures, world events and a slow start to the summer dented sales and profits at the owner of retail…
EXCLUSIVE: Jenni Kayne’s Beauty Brand Oak Essentials Raises Series A Funding
The company plans to focus on building out its internal infrastructure, making new hires and enhancing retail…
Why Nike’s New CEO Elliott Hill Faces a Challenging Turnaround After John Donahoe’s Innovation Deficit
Hill, 60, is a respected Nike veteran, but analysts still have questions.
Ermenegildo Zegna Group H1 Sales Grow, Profitability Hurt
Revenues of the Thom Browne brand in the period were impacted by the streamlining of its wholesale channel…
American Eagle Outfitters Marks 30 Years on Wall Street
Jay Schottenstein celebrated the milestone by ringing in the trading day on the trading floor.
Promotional Climate Impacts Oxford Industries’ Business in Q2
The owner of Tommy Bahama, Lilly Pulitzer and Johnny Was lowered its guidance for fiscal 2024.
With Fewer Stores but More Volume, Zara Parent Company Inditex H1 Sales Gain 10.2 Percent
The company just opened the second-largest Zara store in the world in Lisbon as it upscales and readjusts its…
The North Face Plays Differently for New Campaign
The outdoor brand is challenging its customers to "defy norms and explore new paths."
After a ‘Cruel Summer,’ Luxury to Continue Languishing
HSBC now expects organic growth of only 2.8 percent this year, and no return to double-digit growth for the…
Under Armour Cuts Outlook on Higher Restructuring Charges
The sportswear brand is closing a distribution center in Rialto, Calif., a move that has caused the company…
DTC Channel Drives Golden Goose H1 Growth
No update was provided about the delayed IPO, but the company reported gains in profitability and said…
Asos Offloads Topshop to Bestseller, Partners With H&M Group for Cheap Monday’s Comeback
Asos will sell 75 percent of its stake in Topshop to the Danish fashion group Bestseller to help repay debts…