The business is cutting about 80 positions in the first quarter.
Luxury continues to score for LVMH, where first-quarter sales vaulted 15 percent, thanks to high demand for champagne and status handbags.
DEBENHAMS SETS IPO: Debenhams plc, the 123-store U.K. department store chain, said its was going ahead with an initial public offering that would value the retailer at around 3 billion pounds, or $5.3 billion. The IPO pricing includes…
Attendees of this year’s Personal Care Ingredients and Technology Exposition Advanced Technical Conference were able to receive not only the latest information on new beauty ingredients but also the latest trends in packaging with the addition of the…
Luen Thai Holdings Ltd., a major Asian apparel manufacturer, reported a 6.6 percent rise in revenue to $590.2 million for 2005, but net profit was down 56 percent to $13.2 million.
H&M is scoring points ahead of the matches with a World Cup collection for infants, children, teens and men.
Is another change of command already in the offing at Hearst?
After hosting about 1,600 revelers at the opening of the “Waist Down” exhibition at Prada’s store in Manhattan’s SoHo on Tuesday night, Miuccia Prada presided over a dinner for 50 or so at the Carlyle.