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Latest in Financial

Burberry Shares Climb as Company Confirms Early Arrival of New CEO

Burberry said Jonathan Akeroyd will take up his job in mid-March, two weeks earlier than planned.

Escada America’s Trip to Bankruptcy Court

The brand's U.S. retail division was hit hard by rents during the pandemic.

Unilever Won’t Sweeten GSK Consumer Offer, Ending Bid for Company

Unilever said it will not raise its bid for GSK's Consumer Healthcare arm above 50 billion pounds, and said…

Burberry Retail Climbs 5% in Q3, Company Upgrades Full-year Guidance

Chair Gerry Murphy said full-price sales are gaining traction, especially in the Americas and Asia Pacific.

Richemont Reports Strong Performance in Q3, Europe Included

The Swiss reported double-digit gains across all regions and business areas.

Escada America Files for Chapter 11 Bankruptcy

The filing in Los Angeles marks the latest financial trouble at the brand.

Shopify Links With JD.com for China Partnership

The deal is meant to help U.S. merchants sell online in the massive yet complicated Chinese market.

Prada Sales Climb 41% in 2021

In the second half of last year, sales at Prada's directly operated stores, including e-commerce, grew 27…

In Fashion: The Inflationary Mood of Wary Consumers

Shoppers are feeling the strain of inflation and seeing signs of trouble ahead.

Analysts, Markets Think Unilever’s GSK Consumer Bid Is a Bad Idea

Unilever's shares fell nearly 7 percent on Monday after it confirmed its interest in the consumer health…

Unilever Continues to Pursue GSK Consumer Healthcare, Despite Three Failed Bids

The consumer giant, which has been trying to take over the consumer health care arm of GSK, has issued a…

Burberry Sets First Sustainability-linked Loan With Lloyds Bank

The loan comes less than 18 months after Burberry issued a sustainability bond in September 2020.   

GSK Rejects Three Bids From Unilever for Consumer Healthcare Division

GSK's consumer division, which is run as a JV with Pfizer, includes Sensodyne toothpaste, Polident denture…

SMCP Dismisses Shandong Ruyi Board Members

The wrangle between SMCP's creditors and Shandong Ruyi continues.

December Retail Sales Drop 1.9 Percent, Despite 2021 Gains

Momentum is now the question headed into a 2022, when supply chain, inflation and a lack of stimulus are all…