Despite disruption in Hong Kong, Kering recorded a positive Q3 with revenue up by 14%, driven by strong performances by Gucci, Bottega Veneta and Saint Laurent, as the luxury group’s share price soared last Friday.
Israeli businessman Samuel Ben-Avraham said on Wednesday he has submitted an offer for Barneys New York, challenging a $271 million bid for the bankrupt luxury department store from Authentic Brands Group.
Luxury retailer Barneys New York is close to being sold to licensing firm Authentic Brands Group after a competing bid from a trade show executive failed to qualify for a bankruptcy auction, sources have told Reuters.
The Canadian owner of Saks Fifth Avenue announced on Monday that, following an extensive review process, it has entered into a definitive agreement with a group of shareholders to take the company private.
U.S. luxury department-store chain Barneys New York Inc has reached an agreement to sell its assets to brand developer Authentic Brands Group and investment bank B. Riley Financial Inc, a court document showed.
U.S. luxury department-store chain Barneys New York is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores.
The retail chain announced on Tuesday that it has completed the sale of its remaining European real estate and joint ventures to Signa Retail, as the company seeks to focus its attention on its North American operations.
Asos has had its challenges in recent periods and its share price has suffered, but the shares rose on Wednesday morning after the company said it has beefed up its board with some key non-exec director appointments.
The Mode: Moscow showroom in Paris, supported by the Moscow Export Center, was where 27 labels presented a diverse array of collections for this season, and attracted a buzzing crowd of fashionistas for its launch.