Millennials, ath-leisure and e-commerce continue to drive apparel sales, but growth has slowed.
The first full year with the brands was a boon to Delta’s 2017 financial performance, and it plans keep up the momentum.
This will make the second retail venture for the low-profile hedge fund.
The brow brand is expected to fetch a valuation of $2.5 billion to $3 billion or more.
The improvement is due in part to the closure of unprofitable stores in 2017, and net profits are helped by a benefit from tax reform.
Cost-cutting is carrying on in the short-term, and Avon has decided to shut down in Australia.
Fossil’s stock shot up with its smartwatch strength, but there’s still plenty of work ahead for the company.
Richard Umbers’ abrupt departure follows less than a week after Australia’s largest department store chain issued its third profit downgrade this financial year.
The watchmaker said its shift to wearables was starting to pay off.