Opinion: Undoing Kering Property Bets May Dent Foundations Kering, the French luxury goods conglomerate, has long been a major player in the world of high-end fashion and accessories. However, recent reports indicate that the company’s foray into the world of property investments may be causing some concern among investors. Yawen Chen, a respected financial analyst, […]
Walmart Slumps on Rare Profit Miss, Citing Higher Claims
Walmart Slumps on Rare Profit Miss, Citing Higher Claims Walmart, the renowned retail giant, recently experienced a rare profit miss, triggering a slump in its stock value. The company cited higher claims as the primary factor contributing to this unexpected financial outcome. While a profit miss is often a cause for concern among investors and […]
Milk Makeup Owner Waldencast Postpones Earnings and Cuts Forecast, Will Undertake Strategic Review
Milk Makeup Owner Waldencast Postpones Earnings and Cuts Forecast, Will Undertake Strategic Review Waldencast, the parent company of popular skincare brand Obagi and the trendy makeup line Milk Makeup, recently made headlines by announcing a strategic shift in its financial planning. The company took the unexpected step of delaying the full release of its second-quarter […]
Peloton Projects Sales Decline and Will Cut Jobs in Turnaround Bid
Peloton Projects Sales Decline and Will Cut Jobs in Turnaround Bid Peloton, the renowned New York-based fitness technology company, is facing a challenging period as it projects a sales decline and announces its decision to implement job cuts as part of a strategic turnaround bid. The company, which has garnered a significant following for its […]
This Week: The Aftermath of Liberation Day 2.0
This Week: The Aftermath of Liberation Day 2.0 As the world braces itself for the impact of Trump’s tariffs finally taking effect on August 7th, the business landscape is experiencing a wave of uncertainty and apprehension. The long-anticipated implementation of these tariffs is set to disrupt global trade dynamics, leaving many industries scrambling to navigate […]
Report: LVMH in Talks to Offload Marc Jacobs
Report: LVMH in Talks to Offload Marc Jacobs In a recent development reported by the Wall Street Journal, luxury conglomerate LVMH is currently in discussions to offload the iconic fashion brand Marc Jacobs. The group has been engaged in talks with several potential buyers, with names such as Authentic Brands, Bluestar Alliance, and WHP Global […]
Qatar-backed Mayhoola denies report it is considering Valentino sale with Kering
Mayhoola Denies Reports of Valentino Sale to Kering: What’s Next for the Fashion House? Mayhoola, the Qatar-backed investment fund, has recently found itself at the center of speculation regarding a potential sale of Valentino to Kering. However, the fund has swiftly moved to deny these reports, leaving many in the fashion industry wondering about the […]
Frasers Group to Sell 16 Retail Properties in Potential £320 Million Deal
Frasers Group to Sell 16 Retail Properties in Potential £320 Million Deal In a strategic move to optimize its portfolio, British businessman Mike Ashley, the owner of Frasers Group, is making headlines with the decision to sell 16 retail properties. The assets up for grabs include a mix of retail parks located in Scotland and […]
Fast Fashion’s M&A Frenzy, Explained
Fast Fashion’s M&A Frenzy: Asos and Frasers Group Lead the Way In the ever-competitive world of fast fashion, where trends shift as quickly as the seasons, mergers and acquisitions (M&A) have become a strategic tool for companies looking to stay ahead of the curve. Recently, UK-based fast-fashion giants like Asos and Frasers Group have been […]
Temu, Shein See US Sales Drop in Week After Tariff Price Hikes
Temu and Shein Experience Decline in US Sales Following Tariff Price Increases Fashion retail giants Temu and Shein have recently faced a significant setback in the US market. According to the latest reports, Shein witnessed a notable 23 percent decline in US sales, while Temu experienced a 17 percent drop during the week spanning from […]