Meta Platforms has explored a multibillion-euro investment in eyewear group EssilorLuxottica, the Financial Times reported on Thursday. The Facebook and Instagram owner has considered taking …
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Reports
Burberry Preparing to Cut Hundreds of Jobs, Telegraph Reports
British fashion house Burberry Group Plc is expected to shed hundreds of jobs, mostly in the UK, following a sharp drop in its stock market …
Arkhouse, Brigade Capital raise buyout offer for Macy’s to $6.9 billion, WSJ reports
Shares of the department store chain were up 1.1% in after-market trading. The new proposal is to acquire Macy’s stock that Arkhouse and Brigade Capital …
Shein Files for London IPO, Reuters Reports
Shein confidentially filed papers with Britain’s markets regulator in early June for a potential London listing, two sources said, as the online fast-fashion retailer moves …
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 …
JD.com Reports Q1 Revenue Above Estimates
Chinese online retailer JD.com on Thursday reported first-quarter revenue that beat market estimates, as price cuts and discount coupons helped boost sales that have been …
Swiss Sneaker Company On Reports Record Quarterly Revenue of $560 Million
On, the Zurich-based running sneaker brand reported net sales of CHF 508.2 million ($560.9 million) for the quarter ended March 31, up 21 percent year-over-year. …
Prince Harry Lands in London Following Reports King Charles III Is Too Busy to See Him
Prince Harry, whose already strained relationship with his family became further estranged following the release of his tell-all memoir Spare, is currently in England, but …
US FTC Preparing to Sue to Block $8.5 Bln Takeover of Capri by Tapestry, NYT Dealbook Reports
The US Federal Trade Commission (FTC) is preparing to sue to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings, NYT …
Shein to Market Supply Chain Infrastructure to Global Brands, WSJ Reports
China-founded fast fashion company Shein will make its supply-chain infrastructure and technology available to global brands, the Wall Street Journal reported on Wednesday, citing a …
Gap Reports Upbeat Quarterly Sales on Improving Demand for Old Navy Apparel
Gap beat Wall Street expectations for fourth-quarter sales on Thursday, buoyed by strong demand on improved product offerings at its Old Navy and namesake brands during …
EBay Reports Strong Holiday Quarter, Expands Buyback Plan
EBay Inc. posted a strong holiday quarter, giving investors fresh hope that the company can boost profits following steep job cuts. The company also added …
E.l.f. Beauty Reports 85 Percent Sales Growth and Raises Outlook
On Tuesday, the beauty company reported an 85 percent year-on-year increase in sales in its fiscal third quarter ending in Dec., reaching $270.9 million. After …
What Big Brands’ Sustainability Reports Won’t Tell You
A little over a decade ago, an unlikely partnership between American mass market giant Walmart and outdoor apparel retailer Patagonia spurred one of the fashion …
Prada Reports 3Q Retail Sales Up 10 Percent
Prada Group’s revenues rose 17 percent excluding currency shifts to €3.3 billion in the first nine months of the year, the Milanese fashion company said …
Fragrance Maker Symrise Reports a Decline in Profit
Symrise posted an 8 percent fall in half-year core profit, hurt by a production shut-down and higher energy and raw material costs, sending shares in …
H&M Reports Weaker-Than-Expected Q2 Sales
H&M posted slightly weaker-than-expected fiscal second-quarter sales on Thursday, but prospects for a better third quarter after a strong start in June sent shares in …
Natalie Portman Will Stay With Husband Benjamin Millepied Amid Reports of His Infidelity, Says Source
Oscar-winning actor Natalie Portman, 41, and her husband, dancer/choreographer Benjamin Millepied, 45, are sticking together amidst his alleged infidelity. Rumors that Millepied cheated on Portman …
Africa’s Top Clothes Retailer Reports Decline in Earnings and Leadership Change
Pepkor Holdings Ltd. replaced the head of its Ackermans unit after Africa’s largest clothing retailer posted a drop in first-half earnings as it failed to …
E.l.f. Reports 48 Percent Increase in Net Sales For Fiscal Year 2023
On Thursday, E.l.f. announced its fourth-quarter and fiscal year earnings for 2023; reporting a 48 percent increase in year-end net sales to $578.8 million. Total …