Jones New York, the women’s clothing brand owned by Sycamore Partners, said it will seek strategic alternatives and close its outlet stores.
Kate Spade & Co., the handbag maker working to become a global lifestyle brand, will close stores devoted to its lower-priced and men’s lines while starting a new joint venture to speed its growth in China.
Alibaba Group Holding Ltd. is set to report earnings today as investors seek clues on the performance of its mobile business and response to government allegations it isn’t doing enough to combat online shopping fraud.
Japan’s retail sales rose for a sixth straight month in December, providing evidence of a gradual recovery in private consumption as the economy climbs out of recession.
Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, reported fourth-quarter profit that topped analysts’ estimates as the company added stores in China and the U.S. and expanded its collection.
Alibaba Group Holding Ltd. failed to properly oversee merchants and allowed the sale of counterfeit products on its e-commerce platforms, according to a Chinese government report.
Yahoo! Inc. announced a tax-free spinoff of its stake in Alibaba Group Holding Ltd., seeking to maximize the return of cash to shareholders and triggering a 10 percent jump in the Web portal’s shares.
BoF compiles the most important professional moves of the week.
The common denominator to attract female clientele in the luxury watchmaking industry has so far usually been a sparkly one — diamonds. Vacheron Constantin, the oldest Swiss watchmaker in continuous operation, plans to change that.