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.
Shares of the Gap continued a six-month slide Friday, falling 7 percent, after a shaky September and the ouster of the creative director for the retailer's Banana Republic stores.
Marissa Webb, Banana Republic’s creative director, will step down from a day-to-day role as the Gap Inc.-owned brand struggles to improve sales.
Banana Republic, J. Crew Group Inc. and other mainstream brands are increasing their presence at fashion week this year, shifting the tone of an event known for experimental clothing that few ordinary consumers could afford to buy — or even want to.
Banana Republic, J. Crew Group Inc. and other mainstream brands are increasing their presence at fashion week this year, shifting the tone of an event known for experimental clothing that few ordinary consumers could afford to buy — or even want to.
Gap Inc. incoming chief executive officer Art Peck is overhauling management at the ailing Banana Republic and Gap brands.
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.