PVH Corp., owner of the Calvin Klein and Van Heusen clothing brands, rose in late trading after posting second-quarter profit that topped analysts’ estimates, helped by rising sales of Tommy Hilfiger apparel.
LVMH Moet Hennessy Louis Vuitton SA signed an accord with Google Inc. to tackle the advertising and sale of counterfeit goods online, ending a legal dispute between the two companies.
LVMH Moet Hennessy Louis Vuitton SA plans to distribute its stake in French luxury-goods company Hermès International SCA to its shareholders, ending a four-year battle over LVMH’s stake-building in the Birkin bag maker.
Zalando SE, Europe’s largest online shoe and fashion retailer, plans to sell as much as 11 percent of its shares in an initial public offering this year, marking a coming of age for a Berlin-based startup industry that has yet to produce a big sale or IPO.
Permira Advisers LLP is selling a stake valued at 846 million euros ($1.1 billion) in German fashion house Hugo Boss AG to institutional investors.
Swatch Group, the world’s largest watchmaker, will debut a smart watch next year in a solo endeavour.
BoF compiles the most important professional moves of the week.