Latest in Financial
Even Hermès Can’t Outrun Luxury’s Slowing Demand
In a week of weak results including LVMH and Kering, China's fragile recovery weighs on the sector.
Inside Luca de Meo’s Kering Turnaround Plan
The CEO detailed his 360-degree strategic roadmap in a marathon address at a Capital Markets Day in Florence.
Tory Burch Refinances to Buy Out Longtime Backer General Atlantic
The private equity company bought into the designer brand in 2012.
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Kering Shares Fall 9.3% on Gucci Weakness
The French luxury group reported Tuesday that organic sales at its star brand dropped 8 percent in the first…
Hermès Shares Drop as Q1 Growth Slows on Pressure From Middle East, Weaker Tourism
Shares fell 8.2 percent even as the U.S. and Japan outperformed against France and the Middle East slowdowns.
Walmart’s AI Chief Earned More Than Its CEO in 2025 With a $44.1M Payday
Daniel Danker, who joined the retailer from Instacart, outearned outgoing CEO Doug McMillon last year.
Gucci’s ‘Gradual’ Turnaround Weighs on Kering in Q1
Organic revenues were flat at the French luxury group, with its star brand down 14.3 percent in reported…
LVMH Touts Improvements in China, U.S. in Q1
The French luxury giant registered organic growth of 1 percent in the first three months of the year, with…
Brunello Cucinelli Reports Strong Start to 2026
Driven by robust gains at retail in America and Asia, Cucinelli confirmed the estimate of 10 percent growth…
Fashion Stocks Zoom on Ceasefire in Iran
European luxury players were among the biggest gainers on Wednesday.
Levi Strauss Scores With Q1 Earnings
Longtime chief financial officer Harmit Singh will step down once a successor is found.
Saks Global Lays Out Initial Reorganization Plan, Axes Corporate Jet
The company is laying the groundwork to negotiate a step-by-step plan to wrap up the bankruptcy process.
Saks Global Secures $500M in Financing, Expects to Exit Bankruptcy This Summer
The luxury retailer is progressing through its court-supervised restructuring and positioning to reemerge…
PVH’s Pop Culture Push With Travis Kelce and ‘Love Story’
The Tommy Hifliger and Calvin Klein parent is looking to put its brand at the center of it all.
How Saks Global’s Business Started to Wake Up in Bankruptcy
The retailer began to come back to life as DIP funding and court supervision gave vendors more confidence in…