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Luxury brand Tom Ford in talks to be acquired by Estee Lauder

Luxury brand Tom Ford in talks to be acquired by Estee Lauder

According to sources, Estee Lauder is in talks to acquire luxury fashion brand Tom Ford in what is expected to be a $3 billion or more deal representing the cosmetic mogul’s largest-ever acquisi... Read more

H&M Group to exit business in Russia

H&M Group to exit business in Russia

H&M, the world’s second most prominent fashion retailer, said it had decided to wind down its business in Russia, joining a growing list of firms exiting the country. The firm suspended its... Read more

Lockdowns in China limit Burberry’s first-quarter sales growth to 1%

Lockdowns in China limit Burberry’s first-quarter sales growth to 1%

British luxury apparel brand Burberry said its first-quarter comparable store sales increased by 1%, limited by COVID-19 lockdowns in China, its biggest market. The 157-year-old-seller of raincoats a... Read more

Global cosmetics behemoth Revlon files for bankruptcy

Global cosmetics behemoth Revlon files for bankruptcy

Revlon Inc., a global cosmetics giant,  filed for Chapter 11 bankruptcy protection after struggling to compete with online-focused upstart brands in recent years. The lipstick and nail polish ma... Read more

Gap stock falls after cutting quarterly sales forecast on challenges at Old Navy; CEO of division departs

Gap stock falls after cutting quarterly sales forecast on challenges at Old Navy; CEO of division departs

Gap Inc. shares fell by over 18% as the retailer cut its forecast for quarterly sales accusing execution challenges at its Old Navy brand, and announced that Nancy Green, the CEO of that division, wil... Read more

Ray Kelvin, founder of Ted Baker, backs Sycamore Partners bid

Ray Kelvin, founder of Ted Baker, backs Sycamore Partners bid

Ray Kelvin, the founder of British high-street clothing brand Ted Baker, has supported a proposed buyout of the brand by New York-based private equity firm Sycamore Partners. Kelvin founded the fashi... Read more

Next acquires a 44% stake in JoJo Maman Bebe, continues third party brand expansion

Next acquires a 44% stake in JoJo Maman Bebe, continues third party brand expansion

The maternity clothing and babywear retailer JoJo Maman Bebe—whose high-profile clientele includes the Duchess of Cambridge—has been purchased by British retail giant Next and a group of i... Read more


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