Saks Finalises Acquisition of Neiman Marcus Group
The $2.7 billion merger counts Amazon, G-III Apparel Group and Authentic Brands Group as investors.
The German e-tailer’s consistent financial performance puts it in a solid position as it awaits regulatory approval of its merger with Yoox-Net-a-Porter.
The merger between the luxury e-tailers has potentially far-reaching implications for the troubled sector.
Shares in LVMH and Hermès are still waiting for a consumer rebound in China, writes Bloomberg’s Andrea Felsted.
The US Federal Reserve’s first interest rate cut since the pandemic will make borrowing cheaper. Ideally, it will ease pressure on some brands and retailers, encourage investment and drive more spending from shoppers.
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After surviving the luxury e-commerce slowdown this year, Mytheresa is preparing for the future by introducing new initiatives to retain its stronghold on its highest spending customers.
Hours before its runway show during New York Fashion Week on Monday, Coach’s parent company, Tapestry, faced off with the FTC to prove its $8 billion acquisition of Michael Kors’ owner Capri isn’t anti-competitive.
Growth is slowing, competition is getting intense and regulators have the fast-fashion retailer in their sights. But despite investor panic over its prospects, Temu remains an e-commerce powerhouse — one that Western competitors must continue to watch.
Whoever steps into Fabrizio Freda’s Italian loafers in June 2025 has a big job on their hands, as the American beauty conglomerate battles softened demand internationally and on its home turf. Kickstarting meaningful growth will mean a fresh China strategy, channel and category overhauls, and generating some much needed buzz.
Whoever steps into Fabrizio Freda’s Italian loafers in June 2025 has a big job on their hands, as the American beauty conglomerate battles softened demand internationally and on its home turf. Kickstarting meaningful growth will mean a fresh China strategy, channel and category overhauls, and generating some much needed buzz.
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The French skincare giant is launching the ninth generation of its flagship Double Serum line, while achieving record financial results.
Downbeat investor reaction to Brunello Cucinelli’s solid second-quarter earnings is an ominous sign for Europe’s luxury goods companies.
With industrial policy a key issue in the EU election, apparel manufacturers, retailers and e-commerce companies are trying to put cheap clothes from China on the agenda.
Proceeds from an initial public offering in Milan will be used to pay down debt and fund expansion, CEO Silvio Campara said. Permira will also reduce its stake in the Italian maker of pre-distressed sneakers as part of the transaction.
The $2.7 billion merger counts Amazon, G-III Apparel Group and Authentic Brands Group as investors.
The new law will give models working in the state greater protection from exploitation, harassment and AI.
French cosmetics giant L’Oréal said on Monday it had agreed to buy Gowoonsesang Cosmetics, which includes South Korean skincare brand Dr.G., from Swiss retailer Migros.
Investors representing 64% of Boohoo’s stock voted against appointing Ashley and Mike Lennon at a special meeting on Friday morning called by Ashley’s Frasers Group.
Previous pledges to reduce operational greenhouse gas emissions by 65% by 2030 and 35% by 2025 are probably not achievable, and the company will consider reviewing its climate targets next year.
Sales of cheaper compounded versions must stop within 90 days. Novo’s rival shots, Ozempic and Wegovy, remain in short supply.
Building on an existing twenty-year partnership, Prada Group and the Franco-Italian eyewear conglomerate EssilorLuxottica have renewed their licensing agreement for ten years.
The “acne whisperer” for A-list Gen Z celebrities inks her biggest retail partnership yet.