Wednesday, May 4, 2016 at 6:00am
ON THE MOVE: Rodrigo Bazan has stepped down as president of Alexander Wang, a role he held since December 2010. The Argentinian-born executive joined the company in its first major growth phase, overseeing the expansion of new product categories and retail markets, including... read more
Wednesday, May 4, 2016 at 5:44am
Aéropostale Inc. has filed a voluntary petition for bankruptcy court protection. The filing on Wednesday morning was in Manhattan bankruptcy court. The teen retailer said it plans to emerge in six months with a “right-sized store footprint.” It also plans to use the process to... read more
Wednesday, May 4, 2016 at 5:24am
DUCHESS ON DUTY: Following a tour of India and Bhutan, Queen Elizabeth’s 90th birthday festivities and a visit from President Obama and First Lady Michelle Obama, the Duchess of Cambridge is carrying on with a series of royal engagements. She headed to Hampton Court to open... read more
Wednesday, May 4, 2016 at 5:10am
LONDON — A British government minister has turned up the heat on Sir Philip Green and the former owners of British Home Stores, ordering his own official inquiry into the retailer’s collapse. Britain’s business secretary Sajid Javid is the latest official to launch a probe into... read more
Wednesday, May 4, 2016 at 3:29am
LONDON — European stock markets were down in morning trading on Wednesday, with the exception of the FTSE MIB in Milan, which advanced 0.2 percent to 18,001.87. The FTSE 100 in London fell 1.2 percent to 6,110.02, followed by the DAX in Frankfurt and the CAC 40 in Paris, which... read more
Wednesday, May 4, 2016 at 12:30am said Wednesday it has expanded its partnership with Australian winemaker Penfolds to sell the new Penfolds Max’s wine range in China. The Chinese e-commerce giant and Alibaba rival, said its wine business, launched five years ago, is growing quickly and soon its cross-... read more
Wednesday, May 4, 2016 at 12:22am
PARIS — Eurazeo said it has taken a minority stake in the online fashion and beauty retail platform Farfetch. The Paris-based private equity fund, which has also invested in Vestiaire Collective, Moncler and Desigual, said its Eurazeo Croissance unit contributed 20 million... read more
Wednesday, May 4, 2016 at 12:16am
Adidas Group is selling its TaylorMade, Adams and Ashworth golf brands to focus on its core footwear and clothing categories, as it muscles up to take back its number-two position in the U.S. market from Under Armour. The German activewear firm, fresh off a record first quarter... read more
Wednesday, May 4, 2016 at 12:11am
Singapore Fashion Week has acquired Digital Fashion Week, a four-year-old designer showcase that places a heavy emphasis on promoting talents via social media and online platforms. Singapore Fashion Week organizers said the union with Digital Fashion Week “marks a monumental... read more
Tuesday, May 3, 2016 at 11:43pm
BERLIN — Beiersdorf AG’s first-quarter sales dipped 1.9 percent to 1.67 billion euros, or $1.84 billion, impacted by negative exchange rates, particularly in the Americas, the company said. On a like-for-like basis, revenues at the maker of Nivea, Eucerin and La Prairie grew 2.... read more