The hottest trend at France’s second-biggest luxury group this season: Executive departures as the owner tightens the reins. Asset sales may be next on the runway.
From travel guides to shopping portals, new Internet ventures aim to capitalize on the growing “Muslim lifestyle” market, which is expanding beyond food to include areas such as tourism, fashion and credit cards.
Brown Shoe Co., owner of the Famous Footwear retail chain, sold its Shoes.com online division to a closely held Seattle company pushing into a market led by Amazon.com Inc. and Foot Locker Inc.
The owner of Puma SE has explored a sale of the German sportswear maker as efforts to revive the brand drag into a fifth year, according to people familiar with the matter.
Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, increased November sales faster than analysts predicted, contributing to a 17 percent jump in fourth-quarter revenue.
French fashion companies Vivarte SAS and Camaieu International SAS are seeking to amend the terms of their loans amid a slump in retail sales.
BoF compiles the most important professional moves of the week.