US apparel retailer Brooks Brothers said late Tuesday that it is to be acquired by Authentic Brands Group and Sparc Group after they increased their $305 million offer to $325 million.

EssilorLuxottica said on Monday that GrandVision’s actions during the coronavirus crisis could provide grounds for ending its €7.2 billion ($8.5 billion) takeover of the Dutch eyewear stores operator.

The Italian brand reported a 39 per cent sales decline to €243.6 million in its first half that ended on June 30, compared to sales of €399.4 million in the same period last year, but e-tail surged.

Aeffe SpA reported 31.4 per cent sales decline to €118.9 million in its first half ended on June 30, 2020 compared to sales of €173.3 million in the same period last year.

Deckers Brands, the US-based owner of Ugg and other labels, reported 2.3 per cent sales growth to $282.2 million in its first quarter ended on June 30, compared to sales of $276.8 million in the same period last year.

U.S. President Donald Trump on Thursday unveiled sweeping bans on U.S. transactions with China's ByteDance, owner of video-sharing app TikTok, and Tencent, operator of messenger app WeChat.

Richemont’s Montblanc brand and the luxury giant’s Yoox Net-A-Porter e-tail specialist have announced a new partnership. Montblanc will now use YNAP “to power the next iteration of its successful e-commerce platform”.

Capri Holdings Ltd reported a smaller-than-expected quarterly loss on Wednesday, helped by a recovery in demand for its Versace and Jimmy Choo brands in China and a surge in online shopping.

Finnish design house Marimekko Oyj will present its pre-spring 2021 collection digitally at Copenhagen Fashion Week (CFW) on August 12.

Ralph Lauren Corp said on Tuesday its quarterly revenue plunged by nearly $1 billion, as it struggled with coronavirus-led store closures and a slowdown in demand for luxury goods across the world.

Swiss airport retailer Dufry has announced its cash flow estimates in a still-uncertain world and is planning for potential full-year declines in turnover of 40%, 55% and 70%.

Sales at Maybelline maker L’Oréal fell more sharply than expected in the second quarter, though the French beauty giant managed to contain any major profit erosion as the COVID-19 pandemic forced stores to close.

Oakley and Ray-Ban maker EssilorLuxottica's second-quarter revenue almost halved due to store closures to curb the spread of the coronavirus, it said on Friday, sending operating profit tumbling by more than 90%.

Burberry on Friday announced the opening of its long-awaited social retail store in China’s technology hub Shenzhen, “blending the physical and social worlds in a digitally immersive retail experience”.

French luxury group Hermes said Thursday the coronavirus pandemic hit profits in the first half of the year but expressed confidence about the future as business began picking up in June.

PayPal reported an 86% jump in Q2 profit on Wednesday as the e-commerce payments processor benefited from the shift to online spending amid the coronavirus pandemic. Net income increased to $1.53 billion.