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Latest in Business Features

Aeffe Revenues Drop 23 Percent

Italian luxury group Aeffe says poor performance of Pollini group and store openings dragged revenues down.

Tod’s Reports Uptick in First Half

Shoes boost sales, but leather goods, accessories and apparel see decline.

Hugo Boss Second-Quarter Losses Widen

The German fashion giant Hugo Boss posted a net loss of 15.9 million euros.

Jones Net Rises 23.5 Percent

Cost cutting boosts bottom line.

Coach Sees Better Holiday Ahead

Fourth-quarter profits fall 31.7 percent for Coach, and sales slip 0.5 percent.

Nike CEO Earnings Drop 17 Percent

Mark Parker, president and ceo of Nike, saw his total compensation decline 17 percent, while the entire…

Coach’s Reed Krakoff to Launch Signature Collection

Reed Krakoff, the creative force behind Coach, is out to build the next great American fashion house — under…

LVMH Profits Slip 23 Percent in First Half

French luxury group LVMH said it still expects to gain a market share in 2009, despite reporting a 23 percent…

Tory Burch Sells Minority Stake to Tresalia

Mexico City-based equity firm Tresalia Capital purchases stake in Tory Burch, completing the designer's…

VF Earnings Fall 27.9% in Second Quarter

Declining revenues across all but one of its business segments, coupled with a spike in expenses, took a bite…

Luxe Accessories Brand Mary Norton Closes

The accessories label Mary Norton, whose bags make frequent appearances on the red carpet, has shuttered due…

CIT Said in $3B Deal to Stave Off Ch. 11

A worst-case scenario appeared to have been avoided late Sunday as CIT Group Inc. was reported to have…

In Brief: Sheldon Joins PJSC

Former Lazard banker will head consumer products unit.

CIT Peril Puts Industry at Risk

CIT crisis jeopardizes holiday and fall shipments.

Fears Over CIT’s Future on the Rise

CIT Group Inc.’s bonds and stock prices fell Friday amid concerns the financial powerhouse might be unable to…