Business

Stories on the business end of fashion.

Luxottica and Essilor Merge in Optic Giant

Luxottica and Essilor Sign $48B Deal to Form Optic Giant

Wide eyed merger as Luxottica and Essilor join forces in a billionaire agreement to become world's most powerful optic brand. Luxottica and Essilor: a match...
Hugo Boss Commercial AIring on Fashion One 2016

Hugo Boss Shares Get a Boost from China & Brexit Tourism

Hugo Boss shares jumped as much as 10% this Monday morning once the company announced its 2016 operating profit would fall less than expected. Thanks...
Ascena Reports Poor Sales

Retail Woes Continue: ASCENA Also Reports Poor Sales

Ascena Retail Group, owner of Ann Taylor, Maurices, Dress Barn and Lane Bryant did not have happy holiday season as the retailer reported discouraging...
Skai Jackson Boohoo

Boohoo Gains 260 Percent of Its Year End Value

The Boohoo brand sings rather than cires as it gains 260% of its year end value compared to 2015. Retail took a hit in 2016,...
Swarovski Incrusted Magenta Pendants

Alibaba To Take Legal Action Against Counterfeit Goods

Alibaba has decided to move against piracy by suing sellers of Fake Swarovski Watches present across the platform. It is China’s e-commerce giant’s first legal action...

Rent the Runway Closes a $60 Million Funding Round

Looking good has never been so easy! Rent the Runway has big plans for 2017 and now has even more capital to cement its...

The Limited: A Tale of Two CEOs

The Limited may file for bankruptcy in 2017, according to reports, but the company is taking major decisions to prevent such event from happening. John...

Russia: A Potential Goldmine for Luxury Fashion Retail

The Russian Luxury Market is now valued at 3.5 billion euro exposing its potential in sales to fashion brands worldwide. After an ascending growth of 5...

Fashionably Friendzoned: Burberry Turns Down Coach on Merging.

Fashion powerhouse Coach allegedly turned down by Burberry regarding takeover approaches. Picture this, a company worth 20 billion dollars, shares of Burberry rising 4.8 percent...

Analysis: The Upcoming Challenges of High End Fashion Retail

The revolution will not be televised-it will be felt, eaten and digitized-the upcoming challenges of high end fashion retail. Luxury sales have fallen flat, sales...

J. Crew Restructures for Survival Against a 2B debt

J. Crew continues to fight for survival facing major changes starting with a possible debt restructuring agreement. The US apparel company has continued to struggle...

Patagonia Donates Record-Breaking Sum ‘for the Earth’

“Fundraiser for the Earth”: High-end outerwear brand Patagonia, donates record-breaking $10 million in sales to Environmental nonprofits. Patagonia, the high-end outdoor clothing retailer, is donating its...