Coty Inc.’s first trading day got off to a lukewarm start on Thursday.
Making its debut against the backdrop of a robust stock market, Coty’s shares — initially priced at $17.50 — had dropped to $16.90 by late morning, but began to rebound throughout the day to close at $17.36 on Thursday, or down 0.8 percent, on the New York Stock Exchange.
VF Corp. is still shopping for acquisitions.
The company’s plan to expand its revenues nearly 60 percent to $17.3 billion over the next five years might lead it to pursue an acquisition outside its comfort zone in outdoor and action sports and possibly in the high-margin accessories market.
Shares of Lululemon Athletica Inc. plummeted in after-market trading Monday after the company said the woman credited with much of its explosive growth, Christine Day, would be leaving the yoga apparel retailer.
Men are catching up to women on one of their favorite activities: shopping.
According to a Fondazione Altagamma and Bain & Co. study, men’s spending on luxury goods grew at a faster rate than women’s in 2012 — 12 percent versus 10 percent, respectively.
Even as Silicon Valley and New York overshadow it with billion-dollar exit sales and whiz-kid technology executives, Los Angeles is coming into its own as a hub for digital start-ups, especially in the fashion, entertainment and media sectors that are the city’s traditional strengths.
It’s not just about design. It’s about lifestyle, and fitting the needs around the day,” Alber Elbaz said of Lanvin resort. The collection oscillated between opulence and sleek chic for a woman who pairs glitzy dresses with metallic sneakers, running from the gym to a cocktail party.