LONDON, United Kingdom — British online fashion retailer boohoo.com will list on London's AIM market next week with a market capitalization of 560 million pounds ($936 million) after tapping into current investor appetite for Internet retail stocks.
BoF compiles the most important professional moves of the week.
BEIJING, China — Karl Lagerfeld and a Macau casino operator announced plans Friday for the Chanel designer to create his first hotel.
NEW YORK, United States — Kate Spade wants to be Ralph Lauren. Looking to quadruple retail sales to $4 billion, the handbag maker is modeling itself on Lauren’s empire: a global lifestyle brand selling everything from apparel to home goods.
MILAN, Italy — Yoox Group, an operator of e-commerce stores for brands from Armani to Zegna, rose in Milan trading after reporting fourth-quarter earnings that beat estimates and forecasting revenue and profit growth this year.
PARIS, France — While Gucci and Louis Vuitton blame slumping sales on their upmarket drive they argue will help them regain some of their lost glory, there is growing evidence they are losing out to newer, more affordable luxury brands.
SYDNEY, Australia — Law firm Slater & Gordon Ltd said on Thursday it was preparing a class action lawsuit against Australian surfwear company Billabong International Ltd over alleged misleading conduct in information disclosure.