Stocks end the week on a high note, as Victoria’s Secret chief executive officer Sharen Turney leaves the company.
Government and Trade
Overall retail sales were in line with economists’ expectations.
Mergers and Acquisitions
M&A firm Bucéphale Finance, founded by Balmain director Jean Marc Forneri, has been given a mandate, sources said.
It has been reported that the company has not paid its corporation tax for five years, taking rebates into account.
Forecasts and Analysis
Researchers noted that $43 billion in apparel imports are expected to enter L.A. ports this year.
Marketing and Promotion
Made in New York labels are to sell at the Waldorf Astoria in December.
The company’s aim is to consolidate certain manufacturing work and cut redundancies across its manufacturing plants.
Fitbit is unveiling the Alta wristband, its most fashion forward activity tracker to date with a stainless steel body and interchangeable straps.
With his new business, Jesse Cole is looking to unite brands with celebrities and more.
Le Forum des Halles shopping mall will include new Nike and Sephora units, plus a concept store dedicated to upstart labels.