New York City-based IHL Group will produce a collection of women's intimates and men's and children sleepwear that will launch in July 2018. The licensing deal between Elie Tahari and IHL is good for 6 years.
Hudson's Bay could face investor pressure to monetize a portion of its $10 billion-plus global real estate portfolio, amid skepticism that restructuring plans will be insufficient to battle a tough real estate market.
A group of Nordstrom Inc family members is reportedly talking to buyout firms about raising $1 billion to $2 billion in equity to fund a potential bid to take the U.S. department store operator private.
Nordstrom insiders have chosen a good time to consider taking the business private. A modestly leveraged buyout of the $7.6 billion U.S.looks doable with members of the eponymous family rolling over their stakes.
Tailored Brands will close 170 tuxedo shops at Macy's in the second quarter, as part of an agreement to wind down the tuxedo rental business. The company also posted a decrease in net sales for the quarter.