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Financial

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Richemont the Latest to Feel Luxury's Chill

The luxury group missed analysts’ estimates and blamed its latest performance on currency headwinds and “subdued” demand for luxury goods worldwide.

Brown Shoe Incubates Jack Erwin

The $2.51 billion footwear firm has made its first investment, in tech startup Jack Erwin, an e-tail footwear firm.

Dagne Dover Raises $1.3M in Seed Round

Founded two years ago by Melissa Mash, the firm seeks to provide what it calls practical luxury handbags for working women.

David Yurman Sues Sam's Club

The company is seeking injunctive relief to bar Sam’s Club from selling the alleged infringing product as well as unspecified damages and related legal costs.

Kering Move Weighs Heavily on Safilo Shares

Safilo lost more than 25 percent of its market capitalization on Wednesday, a day after Kering revealed plans to take back control of its eyewear business.

Signet Boosts Savings Target for Zale Buy

Between $150 million and $175 million in three-year synergies are now expected.

Salvatore Ferragamo Sales Rise 6%

Net profit in the first half of the year dropped 3 percent.

Tiffany Raises Full-Year Guidance

The luxury jewelry retailer posted second-quarter profits that beat Wall Street’s expectations by 11 cents.

Movado Posts Q2 Results

Sales rose 3.8%.

Succession Capital Acquires Sienna Sky Jewelry

Sienna, founded in 1994 and headquartered in Longmont, Colo., distributes jewelry under the names Sienna Sky and Adajio Collection.

Swiss Watch Exports Rise 2.2% in July

A strong performance in China and Japan boosted sales. 

steve madden, dolce vita, footwear, acqusition, merger

Steve Madden Acquires Dolce Vita for $60.3M

The company remains on the prowl for more deals, according to Edward Rosenfeld, chairman and chief executive officer.

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