NEW YORK, United States — Saks Fifth Avenue President Marigay McKee plans to spend $1.25 billion refurbishing the luxury chain over the next two years as she tries to broaden its audience and price ranges.
CHICAGO, United States — As it looks to expand beyond the email daily deals business, Groupon has purchased online "flash-sale" retailer ideeli for $43 million in cash.
MILAN, Italy — Travelling Chinese shoppers snapping up leather goods will drive sales growth in 2014 at luxury group Salvatore Ferragamo, its chief executive said on Sunday, before it showed a menswear collection aimed at promoting its Italian heritage.
Is Milan, once an impenetrable fortress of old, world-renowned fashion houses, finally seeing the emergence of a new guard of design talent? BoF reports.
As a new university term begins, BoF’s editor-in-chief Imran Amed outlines 6 important pieces of advice for MBAs trying to break into the fashion industry.
MILAN, Italy — Ermenegildo Zegna said he expects revenue growth at the namesake luxury goods maker will remain under pressure for at least another six months as demand moderates in China and the yen’s weakness persists.
Garment manufacturing is global. But the rules that protect workers are not, creating a race to the bottom amongst poor countries aiming to attract foreign investment with the lowest wages and flimsiest safety standards. In the wake of recent tragedies and protests in Bangladesh, Cambodia and Haiti, it’s time for a global minimum wage, argues Tansy E. Hoskins.
MILAN, Italy — Prada is being investigated by Italian prosecutors for possible tax evasion after the luxury- goods company disclosed undeclared taxable income, a person with knowledge of the probe said.
BoF editor-in-chief Imran Amed recaps the week in the business of fashion.