Large UK retailers including Tesco, Boots, Marks & Spencer and Next have written to Rachel Reeves to say that a £7 billion increase in annual …
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Global Stock of Rolex Submariner Watches Worth Nearly $50 Billion
The total market value of all Rolex Submariner watches ever made is almost $50 billion, based on analysis of the first-ever release of production data …
Vuori Raises Investment at a $5.5 Billion Valuation
American athleisure brand Vuori announced on Friday that it had raised an $825 million investment, led by growth investors General Atlantic and Stripes. This investment …
Next Raises Outlook Again With Profit Set to Top £1 Billion
Next Plc raised its profit guidance for the third time this fiscal year on strong sales, even as British consumer confidence weakens ahead of expected …
US Court Blocks Tapestry’s $8.5 Billion Acquisition of Rival Capri
A US judge blocked the pending $8.5 billion merger of US handbag and accessories maker Tapestry and Capri on Thursday, a victory for the US Federal Trade Commission in …
Worldview | A New Chapter for India’s $165 Billion Tata Group?
🇮🇳 Noel Tata takes indirect control of India’s $165 Billion Tata Group. The billionaire industrialist and philanthropist Ratan Tata, a former group chairman and then …
Alibaba’s Lazada Wants Armani, D&G to Help Hit $100 Billion Goal
Alibaba Group Holding Ltd.’s Lazada is courting top European fashion and design brands to help fend off Asian rivals and eventually reach its goal of …
Shein’s UK Sales Hit $2 Billion Ahead of Possible London Listing
Shein’s UK sales soared to £1.55 billion ($2 billion) last year ahead of the online fashion retailer’s potential initial public offering in London. The company, …
Wall Street Bets on $8.5 Billion Fashion Deal’s Fate in Trial
US antitrust enforcers’ legal battle to kill an $8.5 billion deal marrying Tapestry Inc.’s Coach and Kate Spade brands with Capri Holdings Ltd.’s Versace and …
LVMH Chairman Wins Big on China Stimulus With $17 Billion Wealth Surge
Bernard Arnault entered Thursday having lost more wealth this year than any other billionaire, with his luxury-goods fortune slumping by $24 billion. Then China’s top …
L’Oréal Set to Sell The Body Shop to Brazil’s Natura in $1.1 Billion Deal
PARIS, France — French cosmetics and luxury goods group L’Oréal has started exclusive talks to sell its The Body Shop business to Brazilian make-up company …
How Global Brands Tap India’s $130 Billion Wedding Market
This summer’s marriage between Anant Ambani, the son of Asia’s richest man Mukesh Ambani, and Radhika Merchant put the global spotlight on Indian weddings like …
The Row’s $1 Billion Deal, Explained
Mary-Kate and Ashley Olsen’s luxury brand The Row has received financial backing from the families behind Chanel and L’Oréal, The Business of Fashion can report, …
European Luxury Shares’ $240 Billion Rout Is Just the Beginning
After enduring almost a quarter-trillion dollar hit to their market value in recent months, Europe’s luxury firms may see their stock-market clout wane further as …
Solving Fashion’s $163 Billion Buying and Sizing Inaccuracy Problem
Boston Consulting Group research finds that the average fashion business operates on lead times of 37 to 45 weeks. This equates to estimating the styles, …
Nordstrom Family Offers to Take Chain Private for $3.8 Billion
The Nordstrom family has offered to buy its namesake department store chain for $23 per share in cash with plans to take the retailer private …
Worldview: PDD Takes $55 Billion Share Hit After Warning of ‘Inevitable’ Profit Decline
🇨🇳 PDD takes $55 billion share hit after warning of ‘inevitable’ profit decline. The owner of e-commerce apps Pinduoduo and Temu has warned of a …
Walmart Sells $3.74 Billion JD.com Stake to Focus on Its Own China Operations
Walmart, the biggest shareholder of Chinese e-commerce firm JD.com, has sold its entire stake, according to a person familiar with the matter, exiting an eight-year …
Inside Latin America’s $90 Billion E-tailer Mercado Libre
Competition in the Latin American e-commerce market is heating up, with both local players and Asian heavyweights making inroads in a region dominated by one …
Luxury Heir Alleges His $13 Billion Hermès Fortune Has Vanished
An octogenarian heir to the Hermès luxury fortune, who sparked controversy last year over a plan to leave his money to his gardener, may not …