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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, 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
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
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 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, 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
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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