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Latest in Business

A New ‘Distress Cycle’ in Retail Seen Dawning

A Q&A with Hilco restructuring expert Richard Klein.

LVMH Métiers d’Art Takes Majority Stake in Italian Tannery

Based in Tuscany, Nuti Ivo Group is a supplier to European luxury houses, exporting 85 percent of its…

Giorgio Armani Opens Up in Autobiography

"Per Amore" will be released in the U.S. on Tuesday, published by Rizzoli, and the designer reveals anecdotes…

Pronovias Names Marc Calabia Gibert New CEO

The executive is to start on Sept. 1 and succeeds Amandine Ohayon.

LVMH Concedes Defeat on Cheval Blanc Hotel Project in Beverly Hills

With around 135 vote-by-mail ballots to be counted, LVMH says it is obvious it has lost and won't be back to…

Lafayette 148 Opens First Beverly Hills Store

The new store is the first full-price location in California for the luxury womenswear brand.

LVMH Concedes Defeat on its Cheval Blanc Hotel Project in Beverly Hills

With only about barely more than 100 votes to be counted, LVMH says it is obvious it has lost and won't be…

Louis Vuitton Launches in the Hamptons

For its first store in the Hamptons, the French luxury brand picked a prime location.

Italy’s Minotti to Open 10 New Global Locations

Known for its sleek, aspirational style, the family-run luxury furnishings business will accelerate its…

RH Posts Steep Drop in Q1 Profits and Sales, but Raises Outlook

The California-based company raised its full-year 2023 sales guidance as it expands into the world of luxury…

Gap Inc. Narrows Its Loss in Q1

The struggling specialty retailer has long been searching for a new CEO.

Printemps Teases NY Flagship With New Deauville Concept Store

The French retailer has scrapped brand counters in favor of a cross-merchandising approach.

The Vitamin Shoppe Fills Top Jobs

Two insiders, Lee Wright and Muriel Gonzalez, have become CEO and president, respectively.

Dazed Club Goes National With First Stop in Manchester

The networking arm of the fashion publisher will then head for Glasgow and Liverpool. A dedicated space and…

Permira Acquiring Majority Stake in Gruppo Florence

Attila Kiss will continue to lead Gruppo Florence as chief executive officer and Francesco Trapani will…