Ralph Lauren Corp on Wednesday reported a higher-than-expected quarterly profit, as the luxury apparel maker's move to pull products off department store shelves and sell more products at full-price boosted margins.
Tiffany & Co’s first-quarter earnings handily beat analysts’ estimates on Wednesday, boosted by stronger sales of its high-end jewelry, leading the company to raise its annual sales and profit forecasts.
The Central Bureau of Investigation has recorded statements from two witnesses in the Punjab National Bank fraud case claiming that Nirav Modi had 50 cartons of documents hidden in a conspiracy to remove evidence.
PE firms Partners Group, Kedaara Capital is expected to spend around Rs 5000 crore (approx $752 million) for the acquisition of retail chain Vishal Mega Mart (VMM) from another PE firm TPG Capital and Shriram Group.
Apparel retailer Urban Outfitters Inc reported first-quarter profit and sales on Tuesday that handily beat analysts’ estimates, driven by strong spending at its stores despite a longer-than-usual winter season.
Millennial brand Lulus is getting a $120 million investment from IVP, a premier later-stage venture capital and growth equity firm, and Canada Pension Plan Investment Board (CPPIB), a global investment management firm.
J.C. Penney’s CEO Marvin Ellison is leaving the struggling retailer to join home improvement chain Lowe’s Cos Inc, the companies said on Tuesday, sending shares in the U.S. department store chain down 4 percent.
Men and young millennial shoppers are the main drivers of a sales explosion at Balenciaga, with the storied couture firm turned edgy label now posting the fastest growth rates within the Kering group, its CEO has said.