LONDON, United Kingdom — Associated British Foods Plc said its Primark budget fashion chain will open its first stores in the U.S., driving growth at the unit that will help the company post similar annual earnings to 2013.
BEIJING, China — Yue Yuen Industrial Holdings Ltd., the world’s largest branded shoemaker, fell most in almost a year in Hong Kong trading after the company said it plans to increase factory workers’ compensation in a bid to end a strike.
TORONTO, Canada — Lululemon Athletica Inc shares slumped as much as 7.4 percent to the lowest in nearly month on Monday as analysts worried about the premium Canadian yogawear retailer's growth prospects following its analyst day presentation last week.
LONDON, United Kingdom — Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London-based buyout firm Permira in a sale worth about 450 million euros ($621 million), four sources close to the deal told Reuters.
BERLIN, Germany — Zalando AG, Europe’s largest online shoe and fashion retailer, appointed a law firm as it works toward an initial public offering as early as this year, according to people familiar with the matter.
BoF compiles the most important professional moves of the week.
NEW YORK, United States — Gap Inc. announced Wednesday it plans to more than triple sales in China in three years as it seeks to grab a bigger piece of the overall $1.4 trillion global clothing market.
NEW YORK, United States — Still hurting from last year's see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped up competition from rival yoga retailers, department stores and hot new brands.
LONDON, United Kingdom — Mulberry Group Plc, the U.K. luxury bag maker that recently parted company with its chief executive officer, reined back profit estimates for the second time in less than three months and said a plan to boost sales with more affordable new products will weigh on earnings.