Cache Inc., the women’s clothing chain known for helping popularize Armani designs in the U.S., joined a growing list of retailers seeking bankruptcy with plans to liquidate most of its assets.
Hugo Boss AG reported fourth-quarter sales and profit that missed estimates as the German clothier contended with sluggish demand for high-priced fashion in economically stagnant Europe.
Macy’s Inc. boosted its full-year earnings forecast, citing a “strengthening trend” starting in the fourth quarter, and announced a deal to purchase beauty and spa chain Bluemercury.
French luxury goods group LVMH blamed lower sales of high-end cognac to China for a 5-percent slide in core earnings last year, but its bottom line was rescued by the sale of a stake in handbag maker Hermès.
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, reported full-year earnings that missed analysts’ estimates as Chinese shoppers curbed spending on Vuitton handbags and Hennessy cognac.
Swiss watch exports kept growing at the slowest rate since the financial crisis for a second year as shipments to China and Hong Kong dropped in the final quarter.
Eight men charged in one of the world’s biggest jewel heists are on trial in Paris, accused of stealing more than 200 luxury watches and more than 600 pieces of jewelry from a Harry Winston boutique in two audacious operations.
Can AltaRoma help redefine the ‘eternal’ city’s role in the Italian fashion system?
Chip Wilson, founder of Lululemon Athletica Inc., has resigned from the yoga apparel company’s board.
Lands’ End CEO Edgar Huber is resigning, the company said Monday.