LONDON, United Kingdom — Marks & Spencer Group Plc, the U.K.’s largest apparel retailer, reported a smaller-than- anticipated decline in general merchandise sales as demand for women’s clothing picked up.
TOKYO, Japan — Fast Retailing Co., Asia’s biggest clothing retailer, cut its forecast for annual profit amid slowing demand for the company’s casual clothing in Japan.
PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods company, reported first-quarter sales that trailed analysts’ estimates as revenue from wine and spirits dropped on destocking by retailers in China.
SYDNEY, Australia — South African retailer Woolworths Holdings Ltd is set to buy Australia's second-largest department store David Jones for $2 billion, trumping an offer from Australian rival Myer Holdings Ltd with a hefty premium.
FORT MYERS, United States — Chico’s FAS Inc., the operator of more than 1,400 women’s clothing stores, rose the most in more than two years after Leonard Green & Partners LP disclosed a 1.3 percent stake in the retailer.
LONDON, United Kingdom — For years, fashion and luxury-goods companies have resisted putting creative and commercial control in one pair of hands. With the appointment of Christopher Bailey as chief executive officer, Burberry Group Plc aims to prove it can make the formula work.
NEW YORK, United States — PVH Corp., the company behind the Calvin Klein and Tommy Hilfiger brands, has become a minority shareholder in fashion designer Karl Lagerfeld's namesake company.
SHANGHAI, China — Nanjing Xinjiekou Department Store Co. will buy an 89 percent stake in Highland Group Holdings Ltd., which owns U.K. department store chain House of Fraser, the Chinese company said today.
LONDON, United Kingdom — Today, BoF brings you the next instalment of “When They Were Kids,” a cartoon series depicting fashion figures as children, created by our friend Fashion Cartoonist.