Business News
Financial
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Financial
Stakes Higher as Time Closes in on Chico’s Proxy Fight
The exchanges in the proxy fight between Chico’s and Barington are heating up.
Government and Trade
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Authorities Snag $6.5 Million in Counterfeits in Puerto Rico
Global trade in counterfeit and pirated goods is estimated at $461 billion a year.
Mergers and Acquisitions
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21 Investimenti Acquires Philippe Model
The goal is to internationalize the sneaker label.
Legal
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John Richmond Wins Legal Battle Against Saverio Moschillo
The Milan Court declared that Saverio Moschilo has no right to use the John Richmond and Richmond labels.
Forecasts and Analysis
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British Fashion Market Declines for First Time in Six Years
The new data shows spending has decreased for clothing, footwear, and accessories by 0.1 percent year–on-year for the past five years to June 2016.
Marketing and Promotion
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Etihad Airways Partners With WME/IMG in Global Sponsorship Deal
The airline group will support 17 fashion week events around the world annually.
Human Resources
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Kate Spade Taps Marissa Andrada as Senior VP, Human Resources
Most recently she was senior vice president of partner resources for Starbucks Coffee Co.
Technology
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Synchrony Invests in Retail Start-up FlexReceipts
Synchrony Financial has invested in the smart receipt retail start-up company FlexReceipts.
Business Features
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Consumer Confidence Up in Early June
The Index reflects sentiment in early June, and does not reflect sentiment following Brexit.
Real Estate
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Hudson Yards Lands Point72 as Next Tenant
The massive Hudson Yards development on Manhattan’s far west side is making progress.
