NEW YORK, United States — An internal investigation at American Apparel Inc has found that its CEO Dov Charney violated company policies, ranging from misusing company funds to failing to stop the discrediting of at least one former employee who had accused him of sexual harassment, a person close to the matter said.
LONDON, United Kingdom — Marks & Spencer Group Plc was the only major clothing retailer to lose U.K. sales and market share in the six months through mid-May and the price gap with rivals widened, according to Sanford C. Bernstein.
PARIS, France — The founder of Rocket Internet, the German venture capital company behind dozens of online start-ups, warned the retail industry on Thursday that e-commerce and smartphones would mean there will be little future for stores in emerging markets.
PARIS, France — L’Oreal SA, the world’s largest cosmetics maker, agreed to acquire NYX Cosmetics for an undisclosed price, bolstering its makeup offer in North America where its consumer-products unit has faltered.
NEW YORK, United States — Suitors willing to court Lululemon’s founder and largest shareholder Chip Wilson would get a company that’s projected to boost sales 46 percent over the next three years.
In Florence’s historic Palazzo Vecchio, the Italian Prime Minister Matteo Renzi and BoF founder Imran Amed honoured 30 leading global menswear retailers on the occasion of the 60th anniversary of ‘Firenze Home Town of Fashion.’
BIEL, Switzerland — Swatch Group AG Chief Executive Officer Nick Hayek doesn’t mind losing the lead in smartwatches. For now, he’s happy to wait and see whether anyone actually wants to buy them.
TORONTO, Canada — Lululemon Athletica Inc trimmed its revenue and earnings forecast for the fiscal year on Thursday, a fresh sign that the once-flying yogawear maker was still struggling to return to strong growth in an increasingly crowded field.
Earlier this week, BoF published the highlights of an exclusive video interview with intrepid fashion critic Suzy Menkes as she begins her new role at Condé Nast International. Today, watch the full video, where Menkes also reveals some of her key observations about the fashion business and recalls some of her favourite fashion moments.
LONDON, United Kingdom — Mulberry Group Plc, the U.K. luxury bag maker that’s lacking a chief executive officer and creative director, reported a second straight decline in annual profit amid weaker third-party sales at home and in Asia.