The American finance giant has raised its equity stake in the Beaverton group (Nike, Jordan, Converse). With a new stake of 6.1%, it has positioned itself as the second largest stockholder after the Vanguard group.
China’s Fosun International and Qatar’s Mayhoola, which owns Valentino and Balmain, are competing to inject capital into Lanvin and buy control as France’s oldest fashion house looks set to run out of cash as early as March, sources with first-hand knowledge of the matter have said.
Sales of ‘traditional’ jewellery have doubled at general merchandise retailer Argos in the past two months with the company citing Britons binge-watching hit Netflix show The Crown as being behind the surge.
Large shareholders in British online fast-fashion retailer boohoo see market concerns over the company's profit margins as overblown and are making the most of a share price rout to add to their holdings.
U.S. beauty products maker Coty Inc reported a better-than-expected quarterly profit on Thursday, driven by strong demand for Tiffany & Co and Gucci Bloom fragrances, as well as recently-acquired makeup brands.
Jimmy Choo has the potential to be a $1bn dollar brand and the success of its integration into the Michael Kors group has made its new owner hungry for more acquisitions and happy to accelerate its accessories expansion.
Amazon.com Inc on Wednesday was on the verge of ending the day with a stock market value higher than Microsoft Corp’s for the first time, as the online shopping behemoth weathered the recent turmoil on Wall Street.
China's biggest e-commerce company Alibaba Group Holding Ltd will invest $486 million for a stake in a domestic big- data firm focused on hotels and retail, as part of a push to deepen its offline presence.