Luxury goods group Richemont said on Friday it could target strategic investments and divestments after buoyant jewelry sales made up for still sluggish watch sales, helping sales rise 8% in its fiscal year to March.
Global consumer demand for diamond jewellery hit $82 billion in 2017, up 2% from the previous year, with the US leading growth for the fourth consecutive year, according to a De Beers Group study published on Thursday.
The New York-based digital company announced on Thursday that it has secured $18.6 million in series A funding, money which will go towards improving customer experience and accelerating innovation and expansion.
Upscale department store operator Nordstrom Inc’s shares dropped more than 7% on Thursday after the retailer reported same-store sales that missed analysts’ estimates, including a weak quarter for its shoe business.
Apparel manufacturer and supply chain provider Tegra has acquired Fjord, an Oregon-based manufacturer of on-field uniforms and gear for NFL, Olympic and top-tier college athletes, adding to Tegra's team and fan business.
Online children's lifestyle destination Maisonette has secured $15 million in Series A funding led by private equity firms who were early investors in Goop and Moda Operandi as well as Walmart and Amazon acquisitions.
J.C. Penney Co Inc’sfirst-quarter sales at established stores missed analysts’ estimate on Thursday as unusually cool weather in April hurt demand for spring clothing, pushing the company to cut its full-year profit forecast.
The royal wedding underlines the economic potential of a sector that needs to embrace digital technologies and look for new markets and formats to face a fragmented landscape where millennials will reign supreme.
Online luxury retailer Yoox Net-a-Porter (YNAP) will be delisted from the Milan Stock Exchange on June 20 after Cartier owner Richemont reached nearly 95 percent of YNAP’s ordinary shares after a takeover.