Lululemon Sees Annual Revenue, Profit Below Estimates Amid Board, Demand Challenges
CEO Calvin McDonald stepped down in December following months of share price weakness and lack of design freshness.
acquisition
Beauty
Report: Buyout Funds Line Up Bids For The Body Shop Amid Pricing Challenges
L'Oreal, which bought the company in 2006, sent out information packages earlier this month to a large number of bidders, hoping for a valuation of close to 1 billion euros.
Report: Buyout Funds Line Up Bids For The Body Shop Amid Pricing Challenges
L'Oreal, which bought the company in 2006, sent out information packages earlier this month to a large number of bidders, hoping for a valuation of close to 1 billion euros.
Beauty
Perfumer Speaks on Rare LVMH Acquisition
Maison Francis Kurkdjian's founders tell BoF about LVMH's acquisition of their company and what the deal means for the future.
Perfumer Speaks on Rare LVMH Acquisition
Maison Francis Kurkdjian's founders tell BoF about LVMH's acquisition of their company and what the deal means for the future.
Retail
Wal-Mart Buys Online Clothing Seller ModCloth
Wal-Mart has been making a big push to pick up smaller online brands as it tries to make headway against Amazon.
Wal-Mart Buys Online Clothing Seller ModCloth
Wal-Mart has been making a big push to pick up smaller online brands as it tries to make headway against Amazon.
Retail
How Neiman Marcus Readied Itself for Potential Sale
The Dallas-based retailer restructured its considerable debt to appeal to buyers after yet another disappointing quarter.
How Neiman Marcus Readied Itself for Potential Sale
The Dallas-based retailer restructured its considerable debt to appeal to buyers after yet another disappointing quarter.
News & Analysis
Kraft's Shock Bid Triggers Unilever Focus on Short-term Value
Kraft Heinz's bid has jolted Unilever into focusing more on delivering on its strategy in the short-term, the Anglo-Dutch company's finance chief said on Friday.
Kraft's Shock Bid Triggers Unilever Focus on Short-term Value
Kraft Heinz's bid has jolted Unilever into focusing more on delivering on its strategy in the short-term, the Anglo-Dutch company's finance chief said on Friday.
News & Analysis
Wal-Mart Buys Outdoor Clothes and Gear Seller Moosejaw
Michigan-based Moosejaw, which is largely online and sells more than 400 brands, will keep operating its site and stores.
Wal-Mart Buys Outdoor Clothes and Gear Seller Moosejaw
Michigan-based Moosejaw, which is largely online and sells more than 400 brands, will keep operating its site and stores.
News & Analysis
Kate Spade Jumps After Report Renews Takeover Speculation
The company is awaiting first-round bids, according to reports, renewing speculation that the handbag maker will be swallowed up by a competitor.
Kate Spade Jumps After Report Renews Takeover Speculation
The company is awaiting first-round bids, according to reports, renewing speculation that the handbag maker will be swallowed up by a competitor.
News & Analysis
Macy’s Bonds Fall Back as Payment for Takeover Become Less Clear
Trading volume in Macy’s bonds surged about 500 percent after the Wall Street Journal reported on Feb. 2 that Hudson’s Bay had initiated takeover talks.
Macy’s Bonds Fall Back as Payment for Takeover Become Less Clear
Trading volume in Macy’s bonds surged about 500 percent after the Wall Street Journal reported on Feb. 2 that Hudson’s Bay had initiated takeover talks.
News & Analysis
Can Boohoo Overcome Nasty Gal’s Mistakes?
If it plays its cards right, Boohoo could accelerate its American ambitions and learn from Nasty Gal’s success in brand and online community building.
Can Boohoo Overcome Nasty Gal’s Mistakes?
If it plays its cards right, Boohoo could accelerate its American ambitions and learn from Nasty Gal’s success in brand and online community building.
Beauty
Coty Tumbles After Purchase of P&G Brands Brings Challenges
There is more inventory in the retail channel from the acquired business than the company expected, and broader weakness in colour cosmetics also hurt sales.
Coty Tumbles After Purchase of P&G Brands Brings Challenges
There is more inventory in the retail channel from the acquired business than the company expected, and broader weakness in colour cosmetics also hurt sales.
Luxury
Should Amazon Challenge Hudson’s Bay for Macy’s?
Hudson’s Bay Company is reported to be in early talks to acquire Macy’s, but an Amazon merger could be a better fit.
Should Amazon Challenge Hudson’s Bay for Macy’s?
Hudson’s Bay Company is reported to be in early talks to acquire Macy’s, but an Amazon merger could be a better fit.
News & Analysis
A Hudson's Bay Takeover Could Mean the End of Macy's
Hudson's Bay is a shrewd real-estate operator more interested in the big buildings that house the clothes and shoes Macy's sells than the retail operation itself.
A Hudson's Bay Takeover Could Mean the End of Macy's
Hudson's Bay is a shrewd real-estate operator more interested in the big buildings that house the clothes and shoes Macy's sells than the retail operation itself.
The News in Brief
Puig Announces New CEO
Jose Manuel Albesa will succeed Marc Puig, becoming the first non-family member to lead the Spanish conglomerate in more than 20 years.
Spandex Maker Lycra Files for Bankruptcy After Years of Stress
The company has been hampered with disruptions to supply chains, elevated inflation, growing competition from low-cost manufacturers and trade tariffs.
US SEC Preparing to Eliminate Quarterly Reporting Requirement, WSJ Says
The proposal would give companies the option to share results twice a year.
Kering Unveils New Jewellery Unit, Merges Fashion Brand Reporting
Kering’s newly created jewellery division regroups Boucheron, Pomellato, Dodo and Qeelin brands as the company aims to pool resources. The conglomerate is also regrouping fashion brand reporting, shielding smaller labels from investor scrutiny.
Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.