Ralph Lauren quietly shuttered its two-year-old 20,000-square-foot store last week. Other brands are expected to close boutiques in a city that has lost its luster for cash-rich mainland Chinese tourists.
The 15th-annual awards ceremony recognized the accomplishments of a cross section of beauty executives.
The second Chapter 11— seen as key to getting a sale of all or part of the business done — is being called into question by the group owed $2.5 million from the company’s first bankruptcy.
Brand sees benefits, drawbacks from weaker pound.
Short-term pressures contribute to lowered fiscal-year guidance.
Retail and luxury stocks were uneven early Thursday.
The company notched a small loss due to investment, currency changes.
The company also raised its fiscal-year EPS guidance range.
The holding company for the Dior fashion house also has a controlling stake in LVMH.
Linden Capital and DW Healthcare are buying Edge Systems from Weston Presidio and Main Post Partners.
Retail, luxury stocks were also on the upswing.
The business is cutting about 80 positions in the first quarter.