Latest in Financial
Paris Department Store Printemps Starts Accepting Cryptocurrencies
The retail institution will now accept Bitcoin, Ethereum and stablecoins through a partnership with Binance…
Mulberry Posts a First-half Loss, Plans to Slash Head Office Roles
The British brand, which saw revenue drop 19 percent in the six months to Sept. 28, will cut around 85 head…
Walmart Is Growing With Fashion as It Attracts Higher-income Shoppers
CEO Doug McMillon said the company is positioned to grab more market share in the apparel business.
Dillard’s Reports Declines in Income, Sales in Q3
Cosmetics were strong in the period while juniors', kids' and men's apparel were weak.
Sale of Moschino Beauty Business Helps Aeffe Return to Black
The slowdown in the luxury industry and challenges in its wholesale distribution impacted the group's…
Burberry Revenue, Profits Plummet in First Half as New CEO Joshua Schulman Sets Out Fresh Strategy
Revenue was down 22 percent in the fiscal first half, and the company posted an operating loss of 53 million…
Zegna Family Raises Stake in Its Company
A holding controlled by the family, called Monterubello, is upping its stake to signal its support of the…
On’s Co-CEO Marc Maurer Says Zendaya and the Olympics Powered Record Q3 Results
The red-hot Swiss brand also raised its projections for 2024 and now expect sales of 2.29 billion Swiss…
Former Gucci CEO Marco Bizzarri Talks About His Role as Private Equity Investor
Among his holdings are Elisabetta Franchi, Visionnaire and Design Miami.
Running and Sportstyle Categories Are Driving Asics’ North America Sales
In North America, Asics revenues were up 18.7 percent to 104 billion yen for the first nine months of the…
Vuori Now Valued at $5.5 Billion as General Atlantic, Stripes Invest $825 Million
The performance lifestyle brand was started by Joe Kudla in 2015.
Richemont First-half Sales Decline 1% in Rocky Times for Luxury
Cartier and Van Cleef & Arpels parent Richemont saw sales decline in the first half with the specialist…
Michael Kors Owner Capri Sees Business Fall Further as Revenues Drop 16.4%
CEO John Idol described the results as disappointing and pinned them on the "softening demand globally for…
Safilo Group Sales Hit by End of Jimmy Choo License, Soft Trends in North America and Asia
October was a positive month, said CEO Angelo Trocchia, eyeing future developments in the U.S. after the…
Ralph Lauren Is Gaining Ground, but CEO Patrice Louvet Is Staying ‘Positively Paranoid’
The company topped second-quarter forecasts and raised its outlook by sticking to its preppy play.