The American group, which is set to complete its acquisition of Reebok in 2022, had been planning a New York IPO, but has instead decided to sell stakes to CVC and HPS.
In this post-2020 phase, luxury groups will be driven to drastically alter their sourcing models and carry out a radical rationalisation of their supply chain, according to a study by Sistema Moda Italia.
Speculation is buzzing around M&S at present with hints that CEO Steve Rowe may step down within the next couple of years and even that the company could be a bid target.
Online wholesale marketplace Faire announced that it has secured $400 million in a Series G investment round, bringing the company’s total valuation up to $12.4 billion.
The New York-based sports and footwear retailer has reported net sales of $2.19 billion for the third quarter, a result that reflected growth of 3.9% compared to $2.11 billion in the prior-year period.
D’Arpizio, an analyst and luxury specialist at Bain & Co., explains to FashionNetwork.com how new generations of consumers are changing the rules of the luxury market’s game, forcing the industry to adapt.
French cosmetics giant L'Oreal is offering shopping vouchers to some Chinese customers to settle a dispute over discounts that drew the ire of the country's top two livestreaming sales stars, the pair said.
Shares of Farfetch Ltd plunged 22% on Friday and were set to post their biggest percentage drop in more than two years after the retailer cut a key growth forecast, blaming cooling demand for high-end fashion.
Very.co.uk and Littlewoods owner Very Group has released its Q1 results with group sales rising 3.9% to £484.1 million in the three months to October 2.
It’s been a good first half for Wincanton, highlighted by the UK-based supply chain business winning a “significant” five-year contract to provide all of Primark’s delivery needs to its UK stores.
It's not yet back to pre-Covid levels of performance, but major central London landlord Great Portland Estates is once again reaping the benefits of a “clear recovery” in the capital, it said Friday.
Estée Lauder had some big executive announcements this week spanning its domestic US market and Asia/Pacific. But perhaps the most interesting part of the news was the fact that it’s “elevating” its Chinese market.
Investors are usually forgiving of tech firms when they spend years targeting the kind of profitability they’d like, but they weren’t forgiving Farfetch on Thursday as the firm’s shares fell 22% in late trading.
Celebrities Oprah Winfrey and Reese Witherspoon as well as Bumble founder Whitney Wolfe Herd have invested in Spanx, the shapewear maker said, as it completed a majority stake sale valuing the company at $1.2 billion.
Coty Inc on Thursday forecast revenue growth for the next several years, after a long streak of declines, as it benefits from improving U.S. and China beauty markets and a sales rebound in airport duty-free stores.
