Yves Saint Laurent, French luxury group Kering's second-biggest brand, expects to nearly double revenue in three to five years while boosting profits, adding to its recent strong growth, the company said on Monday.
LK Bennett has seen some challenges of late but the fashion retailer believes its turnaround is on track, despite more red ink last year. E-sales are surging at home and in the US and it's opening stores in new markets.
Alibaba aims to achieve gross merchandise volume (GMV) of $1 trillion in the fiscal year that ends March 31, 2020. The Chinese e-commerce giant also intends to create 100 million jobs and serve 2 billion customers.
Apax Partners seems to be the frontrunner to buy fashion and GM e-tail giant Shop Direct, yet it’s still not a one-horse race with US private equity firm Hellman and Friedman also reported to have entered the fray.
It was a tough year for Bonmarché as the weather, too much casualwear, too little newness and a reliance on China for supplies hurt its ability to react to trends, even if its target customer is not trend-obsessed,
The two firms are considering a bid for Brazil's Alpargatas SA, the maker of Havaianas flip flops, whose controlling shareholders are already working on a sale, two sources with knowledge of the matter said on Friday.
J. Crew has won the support of more than 50 percent of its term loan holders for a deal to trim its $2.1 billion debt load and push back deadlines to repay some of it by two years, the company said on Friday.
Bonobos founder and CEO Andy Dunn will also join Walmart to oversee the retailer's digitally native vertical brands. The Bonobos acquisition is part of Walmart's plan to enhance its e-commerce presence.
Zalando wants to double in size by 2020, it's co-chief executive said on Friday, as Europe's biggest pure online fashion retailer announced new partnerships with Nike, H&M Weekday brand and the Bestseller group.