De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
bankruptcy
Retail
Canada's Gildan Activewear Makes $66M Bid for American Apparel
Gildan Activewear Inc. is spicing up its image with a bid for American Apparel Inc., the racy and embattled purveyor of jerseys and tights.
Canada's Gildan Activewear Makes $66M Bid for American Apparel
Gildan Activewear Inc. is spicing up its image with a bid for American Apparel Inc., the racy and embattled purveyor of jerseys and tights.
News & Analysis
American Apparel Founder Says Company Can’t Survive Without Him
The largest producer of American-made clothing filed for bankruptcy Monday, just nine months after ending its first stint under court protection.
American Apparel Founder Says Company Can’t Survive Without Him
The largest producer of American-made clothing filed for bankruptcy Monday, just nine months after ending its first stint under court protection.
News & Analysis
American Apparel Files for Chapter 11 Bankruptcy Protection
The US clothing retailer ran into trouble just months after shedding $200 million in debt and emerging from Chapter 11 in February.
American Apparel Files for Chapter 11 Bankruptcy Protection
The US clothing retailer ran into trouble just months after shedding $200 million in debt and emerging from Chapter 11 in February.
Luxury
Bracing for President Trump
‘America’s Brexit’ raises the spectre of more nativist Trump-style victories across the West, spelling tough times for the emotionally-driven luxury sector.
Bracing for President Trump
‘America’s Brexit’ raises the spectre of more nativist Trump-style victories across the West, spelling tough times for the emotionally-driven luxury sector.
News & Analysis
Report: American Apparel Preparing Second Bankruptcy Filing
A turnaround plan to return to American Apparel’s roots and focus on basic items like T-shirts and skirts did not improve results enough.
Report: American Apparel Preparing Second Bankruptcy Filing
A turnaround plan to return to American Apparel’s roots and focus on basic items like T-shirts and skirts did not improve results enough.
Retail
Rebel Teens Are Killing America’s Clothing Giants
Back in 2011, Aéropostale was riding high and the company was profitable. Suddenly, it fell apart.
Rebel Teens Are Killing America’s Clothing Giants
Back in 2011, Aéropostale was riding high and the company was profitable. Suddenly, it fell apart.
News & Analysis
Aéropostale Gets Going Concern Bid to Keep 229 Stores Open
Aéropostale Inc. says a joint venture including General Growth Properties Inc. and Simon Property Group Inc. has bid for 'substantially all' its assets with an eye toward keeping at least 229 stores open.
Aéropostale Gets Going Concern Bid to Keep 229 Stores Open
Aéropostale Inc. says a joint venture including General Growth Properties Inc. and Simon Property Group Inc. has bid for 'substantially all' its assets with an eye toward keeping at least 229 stores open.
Retail
Aéropostale Lender Sycamore Joins Bidding for Bankrupt Retailer
Aéropostale opened a bankruptcy auction with senior lender Sycamore Partners joining the bidding, days after the teen-clothing chain lost a court fight to keep the private equity firm away from the table.
Aéropostale Lender Sycamore Joins Bidding for Bankrupt Retailer
Aéropostale opened a bankruptcy auction with senior lender Sycamore Partners joining the bidding, days after the teen-clothing chain lost a court fight to keep the private equity firm away from the table.
News & Analysis
Sycamore Partners, Liquidators Bid on Bankrupt Aeropostale
Bankrupt U.S. teen retailer Aeropostale Inc received bids this week for its business from private equity firm Sycamore Partners, as well as liquidators.
Sycamore Partners, Liquidators Bid on Bankrupt Aeropostale
Bankrupt U.S. teen retailer Aeropostale Inc received bids this week for its business from private equity firm Sycamore Partners, as well as liquidators.
News & Analysis
American Apparel Hires Investment Bank to Explore Sale, Say Sources
American Apparel has hired investment bank Houlihan Lokey to explore a sale, people familiar with the matter said.
American Apparel Hires Investment Bank to Explore Sale, Say Sources
American Apparel has hired investment bank Houlihan Lokey to explore a sale, people familiar with the matter said.
Financial Markets
From Bankruptcy to Billions: Fashion’s Greatest Second (and Third) Acts
From Chanel to Michael Kors, BoF examines companies that failed hard on the way to global success.
From Bankruptcy to Billions: Fashion’s Greatest Second (and Third) Acts
From Chanel to Michael Kors, BoF examines companies that failed hard on the way to global success.
Retail
Aéropostale Cleared to Seek Bankruptcy Rescue From Versa Capital
Aeropostale settled a dispute with lenders that threatened to scuttle a potential bid from a Versa Capital Management unit to buy the teen-clothing chain out of bankruptcy.
Aéropostale Cleared to Seek Bankruptcy Rescue From Versa Capital
Aeropostale settled a dispute with lenders that threatened to scuttle a potential bid from a Versa Capital Management unit to buy the teen-clothing chain out of bankruptcy.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.