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Macy's cut profit outlook after weak quarter; confident for holiday
Macy’s Inc cut its annual profit forecast for the second time this year on Thursday, blaming weak international tourism, warm weather and sluggish mall traffic for the first drop in same-store sales in two years.
today
Ready-to-wear
Business
LVMH gets access to Tiffany's books after it raises offer - sources
French luxury group LVMH has persuaded U.S. jewelry chain Tiffany & Co to provide it with confidential due diligence after it raised its bid to close to $16 billion, people familiar with the matter said on Wednesday.
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Miscellaneous
Industry
Brazilian retailers Magazine Luiza and Lojas Marisa announce partnership
Brazilian retailers Magazine Luiza SA and Lojas Marisa SA announced on Thursday a partnership to sell smartphones and financial services in roughly 300 stores of apparel retailer Marisa.
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Ready-to-wear
Retail
Catalyst seeks financing to top Hudson's Bay deal: sources
Private equity firm Catalyst Capital Group Inc is seeking financing for a bid for Saks Fifth Avenue owner Hudson’s Bay Co that would top a C$1.9 billion ($1.4 billion) deal the retailer reached last month.
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Ready-to-wear
Business
Design
A new museum in New York will unpack the history of makeup
New York is getting a new museum for beauty buffs and history aficionados.
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Cosmetics
Design
White shirts created in honor of Karl Lagerfeld will be on show at Pitti Uomo
Officially presented last September, the collection "A Tribute to Karl: The White Shirt Project" will take pride of place at the next Pitti Immagine Uomo fashion industry show.
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Ready-to-wear
Trade shows
Virgil Abloh teases a new exhibition for January
The US creative has taken to Instagram to announce a new exhibition for next year, a show focusing on concrete, exploring the issue of how it can be transformed and decorated in human living spaces.
today
Ready-to-wear
Design
Memo International on the move, opening in Paris, Moscow and Riyadh
At a time when every major luxury group wants to buy a niche perfume brand, few indie scent houses have been performing as enticingly as Memo International - whose three marques are all rapidly expanding worldwide.
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Perfume
Retail
Appointments
Harvey Nichols’ Daniela Rinaldi to leave after 35 years
Rinaldi became co-chief operating officer of the luxury retail group alongside Manju Malhotra in 2017. Malhotra will remain in her role, working alongside the management board to ensure the group continues to thrive.
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Luxury
Appointments
Arcadia Group to name former De Vere head Coppel as chairman
British retailer Arcadia Group will name the former head of De Vere hotel and leisure group Andrew Coppel as the chairman, Sky News reported on Wednesday. He will replace Jamie Drummond Smith on Thursday.
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Miscellaneous
Appointments
Gucci reshuffles top European hierarchy
Gianfilippo Testa, the Italian luxury label’s president of Greater China since mid-2016, is back in Europe, and is now in charge of Gucci UK and France, FashionNetwork.com has learned.
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Miscellaneous
Appointments
MAC Cosmetics names Ukonwa Ojo SVP for Global Marketing
The Estée Lauder-owned beauty brand announced on Wednesday that it has tapped the Coty alum as its senior vice president for global marketing, a newly created role at the company.
today
Cosmetics
Appointments
Trends
Agenda
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Italia
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Perché la gioielleria è una nuova terra di conquista per i player del lusso
中国
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提供从穿耳洞到耳饰品的一条龙服务：纽约创业公司 Studs 完成300万美元首轮融资
México
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Julia y Renata van por dos nuevas ediciones de Albergue Transitorio en San Miguel de Allende y Guadalajara
Deutschland
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Nike investiert in Handsfree Labs