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Starboard slashes stake in Kohl's after seeking to buy it in January
Activist hedge fund Starboard Value, which had offered to buy Kohl's Corp for roughly $9bn early this year, slashed its stake in the department store by more than 80% in Q2, according to a regulatory filing.
Fashion
Business
HanesBrands’ sales drop 14% in Q2
Net sales of US-based HanesBrands from continuing operations were $1.51bn, a decline of 14% in the second quarter of fiscal 2022. This was caused by was driven by a ransomware attack and softer-than-expected POS trends.
Fashion
Business
India’s apparel retailers to earn 21-23% more revenue in FY 2023
A combination of strong same-store sales, new store launches, and higher contribution from online channels will add 21-23% revenue growth for apparel retailers in India in fiscal 2023.
Fashion
Retail
Canada Goose results thrive as luxury demand defies inflation
Canada Goose Holdings Inc has surpassed Wall Street targets for quarterly results after affluent consumers undeterred by decades-high inflation snapped up its luxury parkas and jackets.
Luxury
Business
Trade shows
Pitti Fragranze back in Florence with 140 exhibitors, special guest Alessandro Gualtieri
The 20th edition of Pitti Fragranze, the trade show of the creative perfumery sector, entitled ‘The 5 Senses Issue’ and featuring 140 international exhibitors, will be held in Florence on September 16-18.
Beauty
Trade shows
Texworld Evolution Paris attracts 3,700 buyers in first July edition
The Parisian textile/apparel trade show was held on July 4-6 with some 400 exhibitors, and reported that it was visited by 3,700 buyers, 83% of whom came from outside France.
Fashion
Trade shows
Hyve sells Ukrainian business to management, will offer financial support
Tradeshows and events giant Hyve Group is selling its Ukrainian business to ProExpo (Europe) Limited in a management buyout led by Anatoly Sushon, the MD of the Ukrainian Business.
Beauty
Trade shows
Cosmoprof North America completes successful 19th edition, reveals next dates
B2B beauty exhibition Cosmoprof North America announced on Monday that it will celebrate its 20th edition at the Las Vegas Convention Center on July 11-13, 2023.
Beauty
Trade shows
