Spain’s Puig Shares Jump on Lauder Merger Talks
Shares of the Spanish beauty group surged around 16 percent on Tuesday, on track for their best trading day on record, after announcing they were in talks over a potential merger with Estée Lauder.
fast-fashion
Retail
Inditex Posts 18 Percent Rise in First-Quarter Profit
Inditex, the world's biggest clothing retailer and owner of the Zara brand, said on Wednesday that net profit rose to €654 million while earnings reached €1.1 billion.
Inditex Posts 18 Percent Rise in First-Quarter Profit
Inditex, the world's biggest clothing retailer and owner of the Zara brand, said on Wednesday that net profit rose to €654 million while earnings reached €1.1 billion.
News & Analysis
Boohoo.com Taps Investors to Help Fund Growth as Sales Boom
Boohoo raised £50 million in a share placement to help fund the construction of a new warehouse as it reported booming quarterly sales and raised its annual forecast.
Boohoo.com Taps Investors to Help Fund Growth as Sales Boom
Boohoo raised £50 million in a share placement to help fund the construction of a new warehouse as it reported booming quarterly sales and raised its annual forecast.
News & Analysis
Op-Ed | As Shoppers Look Elsewhere, Topshop Needs Philip Green's Cash
Topshop has been quick to embrace social media and other technologies to engage with consumers. But it needs to do more. Asos and Boohoo aren't standing still.
Op-Ed | As Shoppers Look Elsewhere, Topshop Needs Philip Green's Cash
Topshop has been quick to embrace social media and other technologies to engage with consumers. But it needs to do more. Asos and Boohoo aren't standing still.
Retail
Arcadia's Profit Slides, Capping Dire Year for Philip Green
Adjusted operating profit at Green’s Arcadia Group fell 16.5 percent to £211.2 million in the year ended August 27, accounts filed at Companies House show.
Arcadia's Profit Slides, Capping Dire Year for Philip Green
Adjusted operating profit at Green’s Arcadia Group fell 16.5 percent to £211.2 million in the year ended August 27, accounts filed at Companies House show.
News & Analysis
New Look Struggles With Shoppers' 'Buy Now, Wear Now' Mentality
New Look, which operates 872 stores selling fashion for women and teenage girls, joins other UK apparel sellers such as Next and Marks & Spencer in the retail doldrums.
New Look Struggles With Shoppers' 'Buy Now, Wear Now' Mentality
New Look, which operates 872 stores selling fashion for women and teenage girls, joins other UK apparel sellers such as Next and Marks & Spencer in the retail doldrums.
News & Analysis
Can Nasty Gal Be Saved?
Fastest-fashion player Boohoo is doubling down on its effort to bring Nasty Gal back from the brink after acquiring the troubled brand’s intellectual property for a song in February. But is it too late for a turnaround?
Can Nasty Gal Be Saved?
Fastest-fashion player Boohoo is doubling down on its effort to bring Nasty Gal back from the brink after acquiring the troubled brand’s intellectual property for a song in February. But is it too late for a turnaround?
News & Analysis
Topshop Australia Enters Voluntary Administration
The move, just six years after Topshop launched in Australia, reflects the tough trading conditions facing the country's bricks-and-mortar retailers.
Topshop Australia Enters Voluntary Administration
The move, just six years after Topshop launched in Australia, reflects the tough trading conditions facing the country's bricks-and-mortar retailers.
News & Analysis
Boohoo Sees Profits Double, Raises Revenue Forecasts
Boohoo reported a doubling in annual profit, driven by growth in new customers, and said revenue should rise by about 50 percent in 2017-18 as it benefits from recent acquisitions.
Boohoo Sees Profits Double, Raises Revenue Forecasts
Boohoo reported a doubling in annual profit, driven by growth in new customers, and said revenue should rise by about 50 percent in 2017-18 as it benefits from recent acquisitions.
Financial Markets
Uniqlo Parent Fast Retailing's Profit Increases Amid Global Expansion
The results show cost cuts by chairman Tadashi Yanai are allowing the retailer to push margins up amid sluggish demand that caused sales to drop in two of three months last quarter.
Uniqlo Parent Fast Retailing's Profit Increases Amid Global Expansion
The results show cost cuts by chairman Tadashi Yanai are allowing the retailer to push margins up amid sluggish demand that caused sales to drop in two of three months last quarter.
News & Analysis
India's Flipkart Raises $1.4 billion in Biggest Ever Funding Round
The news comes amid strong but unconfirmed speculation that Flipkart is looking at a potential takeover of smaller rival Snapdeal.
India's Flipkart Raises $1.4 billion in Biggest Ever Funding Round
The news comes amid strong but unconfirmed speculation that Flipkart is looking at a potential takeover of smaller rival Snapdeal.
Retail
Zara Founder Shields Inditex Stake to Maintain Family Control
Amancio Ortega has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassailable after he dies.
Zara Founder Shields Inditex Stake to Maintain Family Control
Amancio Ortega has put a majority stake in the firm that owns the Zara fashion chain into a holding company to ensure family control remains unassailable after he dies.
Retail
Op-Ed | Asos Can't Hide from Brexit
The online retailer has been nicely protected from Brexit, but if the British shopper starts to cut back, some of the heady advantage it's enjoyed may start to fizzle out.
Op-Ed | Asos Can't Hide from Brexit
The online retailer has been nicely protected from Brexit, but if the British shopper starts to cut back, some of the heady advantage it's enjoyed may start to fizzle out.
The News in Brief
Oil Slides, Stocks Climb on Trump’s Iran Reprieve
Oil prices tumbled by over 8 percent after Trump said the US was in talks with Tehran to end the US-Israeli war on Iran, a claim parliamentary speaker Mohammad Baqer Ghalibaf has denied.
Puig, Estée Lauder Companies Considering Merger
The Spanish owner of Byredo, Rabanne and Charlotte Tilbury and the American conglomerate confirmed on Monday that they are in discussions to combine their businesses.
Applied Nutrition Sinks as War Disruption Poses Growth Risk
The UK supplement maker's shares slumped the most since its 2024 IPO after warning of disruption from the conflict in the Middle East, its CEO told Bloomberg.
New Luxury Store Openings Rise in Europe, Cushman Data Shows
The continent’s leading luxury retail streets saw a 13 percent rise in new outlets last year, with fierce competition for prime locations, according to Cushman & Wakefield.
Garage Clothing Owner Rides Y2K Fashion to $5.3 Billion Fortune
Andrew Lutfy, CEO and majority owner of Groupe Dynamite, saw his net worth surge to $5.3 billion after a sharp rise in shares following the company’s 2024 IPO.
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.
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.