A new report analyzing forced labor risks within the supply chains of 43 apparel and footwear companies found discouraging results, with LVMH, Salvatore Ferragamo, Prada, Skechers and Footlocker earning poor scores.
The Paramus, New Jersey-based watch company announced on Tuesday that it continued its streak of strong sales and earnings gains in the third quarter, reporting total net income of $26.9 million for the period.
The Spanish firm is entering a new era driven by a rebrand and its commitment to Paris. In 2019, a Chinese investor is expected to join the family business to boost its distribution and help it expand its product offer.
Unilever's incoming chief executive Alan Jope plans to stick to the 2020 targets set by his predecessor Paul Polman, Jope said on Tuesday, confirming a message of continuity set last week by the company chairman.
Global threads giant Coats Group said Tuesday that it has become a strategic investor in Twine Solutions, an Israel-based technology start-up “that has developed a revolutionary digital thread dyeing system.”
The strong Black Friday week at John Lewis appears to have been a one-off with the retailer back in negative territory in the seven days up to December 1, despite strength for its And/Or and Kin fashion lines.
Neiman Marcus Group Ltd, the luxury retailer facing a $2.8 billion loan coming due in two years, said on Friday it failed to reach an agreement with its noteholders and term lenders to restructure its debt.
The footwear company announced on Monday that it has entered into an agreement with Blackstone Capital Partners to buy back 50% of the investment firm’s preferred stake for $183.7 million, or $26.64 per share.