Danone Acquires Protein Drinks Maker Huel in €1 Billion Deal
Huel, which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group in a deal worth about $1.2 billion.
business-slowdown
News & Analysis
Distressed Retailers Scour Loan Fine Print for Debt Strategies
Heavily indebted retailers J. Crew Group Inc. and Claire’s Stores Inc. are delving into their loan agreements to find creative ways to raise or reconfigure their debt.
Distressed Retailers Scour Loan Fine Print for Debt Strategies
Heavily indebted retailers J. Crew Group Inc. and Claire’s Stores Inc. are delving into their loan agreements to find creative ways to raise or reconfigure their debt.
Luxury
Is Melania Trumping Trade Concerns?
Designers seem fixated on whether or not to dress Melania Trump, but the fashion industry should pay more attention to the protectionist trade policies espoused by her husband, the President-elect.
Is Melania Trumping Trade Concerns?
Designers seem fixated on whether or not to dress Melania Trump, but the fashion industry should pay more attention to the protectionist trade policies espoused by her husband, the President-elect.
Financial Markets
Chow Tai Fook Profit Slump Eases as Jeweller Gets Rental Cuts
Chow Tai Fook Jewellery Group Ltd. reported first-half profit fell 22 percent.
Chow Tai Fook Profit Slump Eases as Jeweller Gets Rental Cuts
Chow Tai Fook Jewellery Group Ltd. reported first-half profit fell 22 percent.
Retail
J. Crew’s Net Loss Narrows to $7.9 Million as Writedowns Abate
J. Crew Group Inc. posted a narrower third-quarter loss as the preppy-apparel chain moved past writedowns that dramatically reduced its value.
J. Crew’s Net Loss Narrows to $7.9 Million as Writedowns Abate
J. Crew Group Inc. posted a narrower third-quarter loss as the preppy-apparel chain moved past writedowns that dramatically reduced its value.
News & Analysis
Swiss Watch Exports Have Biggest Monthly Drop in Seven Years
Swiss watch exports plunged 16 percent in October, as demand weakened in almost every major market for Rolex and Omega timepieces.
Swiss Watch Exports Have Biggest Monthly Drop in Seven Years
Swiss watch exports plunged 16 percent in October, as demand weakened in almost every major market for Rolex and Omega timepieces.
Financial Markets
Abercrombie & Fitch Quarterly Sales Miss Estimates, Shares Skid
Abercrombie's net sales fell 6.5 percent to $821.73 million, down for the 15th straight quarter.
Abercrombie & Fitch Quarterly Sales Miss Estimates, Shares Skid
Abercrombie's net sales fell 6.5 percent to $821.73 million, down for the 15th straight quarter.
Financial Markets
Gap Underwhelms Investors With In-Line Third-Quarter Earnings
The company will close all eight Banana Republic stores in the country as well.
Gap Underwhelms Investors With In-Line Third-Quarter Earnings
The company will close all eight Banana Republic stores in the country as well.
Financial Markets
Gap's Third-Quarter Profit Drops Nearly 18 Percent
The brand earned $204 million in the three-month period that ended Oct. 29, compared with $248 million a year earlier.
Gap's Third-Quarter Profit Drops Nearly 18 Percent
The brand earned $204 million in the three-month period that ended Oct. 29, compared with $248 million a year earlier.
News & Analysis
Hugo Boss to Reduce Brands, Limit Store Expansion in Revamp
The company will only produce clothes under the Hugo and Boss brands, narrowing its focus to casualwear and business clothes with womenswear becoming a lower priority.
Hugo Boss to Reduce Brands, Limit Store Expansion in Revamp
The company will only produce clothes under the Hugo and Boss brands, narrowing its focus to casualwear and business clothes with womenswear becoming a lower priority.
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.
Financial Markets
Nordstrom Reports Third-Quarter Loss
Nordstrom Inc. on Thursday reported a fiscal third-quarter loss of $10 million.
Nordstrom Reports Third-Quarter Loss
Nordstrom Inc. on Thursday reported a fiscal third-quarter loss of $10 million.
Financial Markets
Crocs Reports Third-Quarter Loss
Crocs Inc. on Wednesday reported a loss of $1.5 million in its third quarter.
Crocs Reports Third-Quarter Loss
Crocs Inc. on Wednesday reported a loss of $1.5 million in its third quarter.
The News in Brief
Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
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.
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.