Inter Parfums on Monday reported its updated 2019 guidance, forecasting sales to grow by 6% next year to reach $705 million, as the New York company expects to reap the benefits of new fragrance drops.
Amazon.com Inc could announce as early as Tuesday that it has selected New York City and Northern Virginia to be the sites for its second and third headquarters, the Wall Street Journal reported on Monday.
Proenza Schouler has bought control of its own house from Castanea Partners, in the latest change of ownership of the avant-garde New York fashion house; while both the current CEO and CFO are departing immediately.
Ruyi Fashion Holding Group, the Chinese textile manufacturing group that controls France’s Sandro, Maje and Claudie Pierlot (SMCP), is still in the market for acquisitions, its chairman said on Monday.
Luxury goods stocks have been hammered in recent weeks by concerns about weakening demand in China and a looming trade war with the US. But the real picture is much more mixed, the chairman of Alibaba said on Monday.