The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
YAMAGUCHI, Japan —Fast Retailing Co. forecast full-year operating profit will improve 37 percent as the owner of the Uniqlo casual-wear chain recovers from a slump in the last fiscal year by committing to lower prices to win back customers.
Operating income will probably be ¥175 billion ($1.7 billion) in the fiscal year ending August 2017, compared with ¥127.3 billion in the previous period, the Yamaguchi, Japan-based company said in a statement Thursday. That's in line with the ¥174.9 billion average of 14 analyst estimates compiled by Bloomberg.
By Grace Huang; editors: K. Oanh Ha, Daryl Loo and Dave McCombs.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.