Financial

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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.

lululemon, financial, q2, earnings, estimates, yoga wear, athletic wear

Lululemon Stock Spikes on Q2 Gain

Results beat modest expectations and the brand forecasts positive comparable sales in the third quarter.

Calvin Klein Jeans Relaunch Shows Promise

PVH Corp. ceo Emanuel Chirico encouraged by initial reactions but cautious on outlook.

Jason Wu, Gary Wassner, Allen Questrom, sale, stake, InterLuxe, retail, expansion, acquisition,

Jason Wu Sells Majority Stake to InterLuxe

The new investment firm leans on the fashion expertise of Gary Wassner and Allen Questrom.

G-III Net Up Despite Bass Challenges

Firm hopes to see operations acquired from PVH turn corner in fourth quarter.

Tommy Hilfiger Lifts PVH in Q2

The firm rode strong results at the Hilfiger brand to a second-quarter earnings “beat,” sending shares up more than 5 percent in after-hours trading.

LVMH and Hermès Declare a Truce

The acrimonious, four-year standoff between the French luxury rivals has ended in a surprise entente cordiale.

mackenzie-childs, castana partners, jay strongwater, aurora brands, howard cohen, ron frasch, investment

Castanea Partners Invests in Aurora Brands

The firm has taken a majority stake in the owner of Jay Strongwater and MacKenzie-Childs.

Roberto Cavalli, VTB Capital, VTB Group, sale, stake, acquisition,

Sale of Roberto Cavalli Seen by Mid-October

The Italian designer has signed a letter of intent to sell a 60 percent stake in his company to VTB Capital, according to market sources.

Auchan Donates $1.5M to Rana Plaza

The French retail group produces its clothing line in Bangladesh.

Li & Fung Profits Rise 16% in Half

The sourcing giant on Thursday posted higher first-half net profit and sales despite a “mixed economic landscape.”

Lenzing Sales Dip 4% in H1

Viscose fibers maker sets higher savings targets as operating profit more than halved.

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