businessoffashion.com —  1+ day ago

...The Cannes film festival is no stranger to high fashion.... ...At night, the Croisette in Cannes is lit up by 1,500 dark pink LED lights. It happens all year.... ...Chopard and Donatella Versace have hosted fashion shows, Naomi Campbell had a model-heavy birthday party at Villa Julia on the seafront, and the... ...former Vanity Fair editor Graydon Carter and the fashion house Celine held starry soirees at the exclusive Hotel du Cap-Eden-Roc....

businessoffashion.com —  1+ day ago

...for National Statistics said on Friday.... ...UK Shoppers Boost Spending Despite Inflation British consumers picked up the pace of their spending last month, and sales volumes over the three... ...Emma Mogford, a fund manager with Premier Miton Monthly Income Fund, said rising wages were offsetting some of the cost-of-living squeezes.... ...On Wednesday, Bank of England Governor Andrew Bailey said that inflation could prove “sticky and stubborn”....

businessoffashion.com —  1+ day ago

...But Treasury Secretary Janet Yellen has warned that the government will default on some debt payments if a resolution isn't reached by June 1.... ...President Joe Biden and Republican congressional leaders are locked in negotiations that would trade spending cuts for an agreement to raise the... ...VF Corp., the owner of brands like Supreme, Vans and The North Face, also beat expectations, sending its stock up.... ...Ralph Lauren results top estimates....

businessoffashion.com —  1+ day ago

...Cosmetics retailer Ulta Beauty Inc cut its annual operating margin forecast on Thursday, signaling pressure from higher inventory shrink and supply... ...Ulta Beauty had hiked prices in the later half of 2022 to protect its margin, but the benefits were outweighed by rising store expenses and wage... ...By Anne Florentyna Gnanaraja Sekar; Shilpi Majumdar Ulta Beauty Full-Year 2022 Revenue Tops $10 Billion The American beauty retailer"s sales for... ...and BoF Professional Beauty & Wellness members....

businessoffashion.com —  3+ day ago

...WHP Global and EXPR purchased Bonobos from Walmart in April.... ...completed its joint acquisition of the menswear brand Bonobos in partnership with WHP Global for a combined purchase price of $75 million, the company... ...Walmart Sells Menswear Brand Bonobos Walmart is selling direct-to-consumer menswear brand Bonobos to EXPR, which owns mall retailer Express, and... ...WHP Global will acquire Bonobos outright, with Express taking control of the menswear brand"s operating assets....

businessoffashion.com —  1+ day ago

...PDD Holdings Inc beat analysts" estimates for first-quarter revenue on Friday as more price-conscious customers turned to its discount e-commerce... ...platforms including Pinduoduo.... ...By Chavi Mehta and Casey Hall in Shanghai; Editor Shounak Dasgupta Pinduoduo Owner PDD Moves Headquarters to Ireland From China PDD Holdings Inc,... ...PDD Holding"s recently-appointed co-chief executive officer, Zhao Jiazhen, whose purview includes the Pinduoduo business, said the platform has liberally...

businessoffashion.com —  2+ day ago

...Florence was founded in 2020 by VAM Investments, a private equity firm controlled by former Bulgari Chief Executive Francesco Trapani, who will stay... ...on as Florence chairman.... ...,” VAM Investments CEO Marco Piana said.... ...BoFA Securities and Citigroup advised the sellers, while JPMorgan worked with Permira....

businessoffashion.com —  1+ day ago

...Asos is raising £80 million from shareholders and borrowing £275 million from Bantry Bay Capital, the specialist lender which recently bailed out... ...troubled retailers Superdry and Matalan, as it struggles to secure a turnaround after falling nearly £300 million into the red.... ...Anders Povlsen"s Bestseller group and US hedge fund Camelot Capital Partners.... ...Analysts from Peel Hunt said the £275 million borrowed from Bantry Bay, a firm backed by the hedge fund Elliott Advisors, under a three-year deal...

businessoffashion.com —  1+ day ago

...People & Culture Partner TOTEME is looking for a People & Culture Partner to join our team in Stockholm full-time....

businessoffashion.com —  2+ day ago

...in Europe and the United States, while Asia showed a decline due to Covid-19-related restrictions.... ...Italy"s Armani Group said on Thursday its sales jumped 18 percent in the first quarter thanks to a rebound in Asia and more modest growth in the... ...chairman and chief executive Giorgio Armani said.... ...By Elisa Anzolin; Editors Alvise Armellini, Alexandra Hudson Giorgio Armani to Stage Couture Show During Venice Film Festival Armani Privé, the Italian...