Carlos Slim, following the lead of fellow billionaire Amancio Ortega, is freshening up his Sears outlets in Mexico with an of-the-moment sense of style in a bid to boost profits.
Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, reported a 20 percent jump in third-quarter profit as online expansion and new concepts fueled sales growth.
Tod’s may spin off its luxury sneaker division, Hogan, according to a company spokeswoman.
Germany’s Rocket Internet, a venture capital group that has launched dozens of online start-ups, expects to raise almost double the amount it initially targeted from its initial public offering, pricing shares to value the firm at some $8 billion.
U.S. retailers are suffering through the slowest back-to-school shopping season since the recession ended in 2009, raising concern that the year-end holidays will bring more of the same.
BoF compiles the most important professional moves of the week.
Prada SpA, the Italian maker of $3,990 handbags and $795 pumps, reported a 21 percent drop in first-half profit as sales grew at the slowest pace in three years on weakening demand in Asia and Europe.
After years of pitching its shoes and clothing to hipsters in bars, bowling alleys and billiard halls, Puma SE is shifting its marketing focus to bona fide athletes.
Luxury shoe brand Jimmy Choo will seek to woo investors with a share market flotation prospectus promising industry-beating annual sales growth of more than 10 percent on the back of aggressive expansion plans in Asia and elsewhere.
Adidas AG rose the most in more than 10 months in Frankfurt trading on a report that hedge funds including Third Point LLC may take a stake and are pushing to remove Chief Executive Officer Herbert Hainer.
Italian handbag maker Furla plans to more than double sales in the next five years, stepping up investment in new shops as it taps consumers’ growing appetite for accessible luxury goods.