Private-equity backed French clothing retailer Vivarte, which is aiming to restructure some 1.3 billion euros ($1.5 billion) of debt, said it had sold Spanish shoes brand Merkal to private investment firm OpCapita.
Newly-listed shares may not always trade strongly, as we’ve seen several times this year, but Footasylum did at least hit the stock market with a bang on its debut day. Its shares soared over 23% in the first few hours.
L‘Oreal, the world’s biggest cosmetics company, beat third quarter sales expectations on Thursday thanks to surging demand from Chinese consumers and strong appetite for Lancome and its other luxury brands.
Shiseido said on Wednesday it expects both full-year net sales and operating income to exceed previous forecasts and reach record highs, resulting from the profit of its sale of Zotos to Henkel for $485 million.
L'Oréal , the world's biggest cosmetics company, on Thursday posted slightly higher-than-expected sales in the third quarter as luxury brands such as Lancôme and a surge in demand in China drove growth.
Deckers Brands Board of Directors revealed the turmoil the brand is currently going through in a letter it sent to its shareholders urging them to retain the current Board and not replace them with hedge fund nominees.
Ralph Lauren Corp’s quarterly revenue and profit beat Wall Street estimates on Thursday, selling more of its high-end clothes at full price and keeping a lid on costs, sending its shares up more than 5% on Thursday.
Fenwick’s profits fell in the year to January as the UK market proved challenging and turnover was also down slightly. But the firm is staying upbeat as it works on modernising its business and searches for a new CEO.
Chinese e-commerce giant Alibaba Group Holding Ltd said on Thursday its quarterly revenue climbed 61 percent to 55.12 billion yuan (£6.3 billion) in revenue, helped by growth in its core e-commerce business.