PDD Holdings Inc.’s shares plunged after warning that its profitability will trend downward over time because of intensifying competition in its home market of China. …
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Farfetch Owner Coupang’s Retail Sales Miss Estimates
Coupang Inc. slid in late trading on Tuesday after reporting retail net sales that fell short of Wall Street’s expectations. Net sales totaled $6.14 billion, …
Vitamin Shoppe Owner Files for Bankruptcy
Franchise Group Inc., the owner of brands including the Vitamin Shoppe, Buddy’s Home Furnishings and Pet Supplies Plus, filed for bankruptcy protection after months of …
Cetaphil Owner Galderma Sales Lift 9.2% on Strong Skincare and Injectable Demand
Swiss skincare firm Galderma said on Thursday it had logged sales of $3.26 billion during the first nine months of the year, up 9.2 percent …
Mulberry’s Owner Rejects Increased £111 Million Bid From Mike Ashley’s Frasers Group
The owner of the Mulberry fashion brand has rejected an increased £111 million ($144.9 million) bid from Mike Ashley’s Frasers Group to buy the British …
Uniqlo Owner Targets Higher Sales From Strong Western Market
Fast Retailing Co. is filling up closets in American and European homes with its Uniqlo brand of apparel, a feat that’s helped the Japanese retailer …
Mulberry Owner Ong Beng Seng Charged in Singapore Graft Scandal
Singapore charged property tycoon Ong Beng Seng on Friday in connection with an ex-government minister who was sentenced to jail for obtaining gifts from the …
China Probes Calvin Klein Owner for Alleged Xinjiang Boycott
China said it will investigate US apparel maker PVH Corp. for suspected boycotting of cotton sourced from its Xinjiang region, a probe that could lead …
Bustle and W Magazine Owner BDG Closes Investment Round
BDG, the parent company of Bustle, Nylon and W magazine, has closed a funding round with participation from Medici Capital Partners, according to an Axios …
Milk Makeup Owner Waldencast Reports 25.7% Q2 Growth
Both TikTok virality and dermatologists both helped boost Waldencast’s growth in the second quarter of 2024. For its second-quarter earnings results for the three months …
Temu Owner PDD Plunges 18% After Revenue, Outlook Disappoint
PDD Holdings Inc.’s shares dived 18 percent after the Temu owner posted disappointing revenue and warned of declining growth, highlighting the challenges of sustaining its …
Uniqlo Owner Lifts Forecast Again as Weak Yen Powers Sales From Tourists
The Japanese operator of fashion giant Uniqlo on Thursday raised its forecast for what would be its third consecutive year of record profits, buoyed by …
With a New Owner, Von Dutch Plots a Comeback
The Y2K resurgence isn’t over yet. At least, that’s what Von Dutch’s new owners hope. Today, White Space Group, a newly-formed New York-based brand management …
Zara Owner Inditex Profit In Line on Decelerating Sales
Fashion retailer Inditex SA was the best-performing stock in Europe after it said shoppers had been snapping up its spring and summer fashions despite poor …
Outdoor Voices Finds New Owner After Reports of Near-Bankruptcy
Investment firm Consortium Brand Partners announced on Monday that it acquired athleisure brand Outdoor Voices on May 15 for an undisclosed sum. The acquisition comes …
Rabanne Owner Puig Rises in Spanish Debut After €2.6 Billion IPO
The stock opened up 4.1% at €25.50 from the IPO price of €24.50. The Barcelona-based firm and its shareholders sold 106.5 million shares at the …
Rabanne Owner Puig, Shareholders Raise €2.6 Billion in IPO
Spanish beauty and fragrance group Puig Brands SA and its founding family raised €2.6 billion ($2.8 billion), pricing shares at the top end of the …
L’Occitane’s Billionaire Owner Close to Possible $7 Billion Buyout Bid
The billionaire owner of L’Occitane International is close to making a proposal to take the French skincare firm private as early as Monday in a …
Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
There’s a risk that shares of Capri Holdings Ltd. decline by roughly 30 percent or more if a proposed $8.5 billion tie up with Tapestry …
Tapestry Merger With Versace Owner Capri Gets EU, Japan Approval
Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies …