LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company also plans to largely halt selling furniture, which will now only be available in select stores in Puerto Rico and on J.C. Penney websites.
Marvin Ellison was poached by home-improvement retailer Lowe’s, a surprise exit that sent J.C. Penney’s stock down to historic lows.
Geoffroy van Raemdonck, who becomes chief executive officer next month, is taking over a retailer facing heavy losses, an industrywide traffic slowdown and nearly $5 billion in debt.
Partnerships with Opening Ceremony and other brands have pushed the workwear stalwart to the centre of America’s fashion conversation — just in time for it to be scooped up by a massive clothing conglomerate.
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The company's stock drop followed its prediction of losses in the third quarter, renewing the sense that department stores are losing ground to e-commerce.
Fossil Group Inc. rose as much as 18 percent in late trading after the watchmaker’s fourth-quarter sales topped analysts’ estimates, helped by new brands and investments in its digital operations.
Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.
The Navajo Nation is seeking potentially millions of dollars from Urban Outfitters Inc. over clothing, jewellery and other merchandise bearing the tribe's name that the popular retailer has sold.
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Fossil Group Inc. on Thursday reported third-quarter earnings of $57.5 million. The results surpassed Wall Street expectations.
J.C. Penney Co. posted a second-quarter loss that was smaller than analysts estimated as sales of men’s clothing and Sephora cosmetics boosted sales.
Fossil Group Inc. on Tuesday reported second-quarter net income of $54.6 million. The results surpassed Wall Street expectations.
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.