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.
Department stores are in a huge state of flux. Europeans are opening new flagships in distant lands, even as Americans close shop. Here in Paris, Bon Marché booms by attracting Parisians and deep-pocketed tourists .
Macy's Inc margins could end the year as much as 80 basis points lower than in 2016, CFO Karen Hoguet warned on Tuesday in comments that sent shares of the department store chain sliding to five-year lows.
According to the Department of Health, Marc Jacobs, Stella McCartney, Bella Hadid and other celebrities violated the Smoke-Free Air Act by smoking in the Met Museum women's restroom during the Met Gala.
Q1 saw good news of a sort for Marimekko as the first three months of the year enjoyed improved sales and profits. But with sales boosted by calendar effects, it’s clear the print and textile specialist has work to do.