Benetton to make decision on delisting (FT) “The Benetton family will decide at a board meeting on Wednesday whether to delist the Italian knitwear group known for its brightly coloured jumpers after the company posted another plunge in profits as it struggles to compete with Inditex and H&M.” Luxury Companies That Can Bring You Closer to the Good Life (Money Morning) “A lot of consumers are hurting right now,
Gap Profit Up 40 per cent As Old Navy Drives Sales (WSJ) “Gap Inc. (GPS) reported a 40% increase in profits for the first quarter, as sales were boosted by strong performance at the company’s budget brand, Old Navy. Sales at that division rose 6.8% to $1.3 billion, accounting for nearly 40% of Gap Inc.’s total.” Versace and Kane: An Odd Mix That Works (NYT) “They are an odd couple, Mr. Kane and Ms.
Made in Midtown: Meet Andrew Rosen, Theory (Huffington Post) “As an inveterate horseman, Andrew Rosen knows the power of bloodlines– and in his, fashion run deep. His grandfather Arthur, a dress-maker, launched Puritan Manufacturing Co. in Boston nearly a century ago. ‘I remember as a young boy running around the factories and the warehouses, playing in-between all the clothes,’ he says.” Lululemon