Italian luxury outerwear company Moncler said on Monday it would end its Gamme Rouge and Gamme Bleu lines and their designers Giambattista Valli and Thom Browne would leave the company to focus on their own brands.
Alibaba, the Chinese e-commerce giant, said on Saturday its Singles’ Day sales extravaganza hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event.
Tom Tailor said this week that its Reset programme is ahead of expectations and it’s “well on the way to achieving the goals” it set itself last year after a bruising period saw it closing stores and cutting brands.
Burberry shares continued to fall Friday as investors were spooked about planned changes at the label and the money they will cost. But Belgian Billionaire Albert Frere took the opportunity to raise his stake.
Richemont, the world's second-largest luxury group, said Friday it had enjoyed exceptional profit growth in the first half of its financial year as the firm moved on from a costly buyback of its high-end watches.
Department store operator Kohl’s Corp reported a lower-than-expected quarterly profit, hit by higher costs and store closures due to hurricanes, sending its shares down 7 percent and dragging the sector down.
Beauty products maker Coty Inc posted a quarterly profit on Thursday that beat estimates, selling more products geared toward millennials and making progress with newly-acquired brands in an expanded global portfolio.