J&F Investimentos SA has agreed to sell a controlling stake in Havaianas flip-flop maker Alpargatas to the investment firms of Brazil's most prominent banking families for 3.5 billion reais ($1.1 billion).
A clear picture of June shopping in the UK is emerging and shows footfall rising as the sun shone. But it's not all good news for the fashion sector as specialist fashion stores and department stores saw falling sales.
It was something of a historic announcement for H&M Monday as the Swedish fashion retail giant issued its final monthly sales report. The company will issue fewer-but-more-detailed sales reports in future.
U.S. Representative David Cicilline, the top Democrat on the House of Representatives Judiciary Committee's antitrust panel, has urged the subcommittee to hold a hearing on Amazon's plan to buy Whole Foods Market Inc .
Twenty years ago, stylist Gianni Versace was gunned down in Miami, plunging his fashion house into crisis. Two decades on, it is one of the world's top global luxury brands thanks to his little sister, Donatella.
Georges Kern, tipped as a potential chief executive of Chloé and Alaia owner Richemont , left the luxury goods group abruptly on Friday just four months after taking over as head of its watchmaking division.
Target Corp forecast sales to increase for the first time in five quarters, thanks to improved customer traffic and sales trends, sending its shares up as much as 4.4 percent and pushing retail stocks higher.
Burberry shareholders voted against the luxury goods company's executive pay report on Thursday, despite a move by its new CFO Julie Brown to head off the opposition by foregoing bonus worth up to 2.4 million pounds.
Tiffany & Co has named former Bulgari executive Alessandro Bogliolo as chief executive. He face the challenge of improving the jewellery retailers' slowing sales, as the company struggles to attract young shoppers.