News


Legendary Handbag Designer Carlos Falchi Dies at 70

Carlos Falchi

New York—Carlos Falchi, the Brazilian-born accessories designer, who started out dressing rockers in 1970s eventually rising to … [Read more...]

Confirmed: Yoox is in Talks to Acquire Net-a-Porter

yoox

Paris and Milan—While Amazon has denied reports it has been in talks to acquire Net-A-Porter, Italian online retailer Yoox, … [Read more...]

Prada 2014 Profit Drops by Nearly 30% on Weaker Sales

The third chapter of Prada The Iconoclasts was inaugurated during Paris Fashion Week at Prada Faubourg Saint-Honoré store. "Worldwide known costume designer Milena Canonero, four times Oscar winner - reinterpreted the visual identity of the store through the Feng Shui philosophy"

Milan—Stung by weaker sales in Asia, Prada today reported its net profit dropped 28% last year.As has been reported by other … [Read more...]

Target Speeds Up Exit from Canada

Target Canada

Toronto—Target Corp. has expedited its exit from the Canadian market.Working on a schedule that should see all 133 stores in … [Read more...]

Allen Questrom, Wife Give $50 Million to BU School of Management

Allen and Kelli Questrom

Boston-- Boston University's School of Management was today renamed the Questrom School of Business, the result of an … [Read more...]

Rumor: Amazon in Talks to Acquire Richemont’s Net-a-Porter?

Amazon

Seattle—Could Internet behemoth Amazon be ready to gobble up Net-a-Porter, the luxury website owned by Swiss firm Compagnie … [Read more...]

Luxury Market Faces a Drought as Affluents Choose Conscious Consumption

alexani

Stevens, PA—The U.S. economy may be in a post-Great Recession period but many of the consumer values developed during the time … [Read more...]

Belk Q4 Profit Rises on Strong Holiday Sales

belk logo

Charlotte, NC—Belk Inc. posted an 8.4% rise in its fourth quarter profit aided by a big increase in its holiday sales.For the … [Read more...]

Lulelemon Q4 Profit Up as Sales Surge, but Outlook Disappoints

lululemon2

Vancouver--Lululemon Athletica Inc. said its fourth quarter income rose as sales surged 16% from a  year ago, reflecting what the … [Read more...]

Icebug Partners with GORE on Fall Footwear Collection

Icebug Juniper RB9X BUGrip womens (2)

Bellingham, WA-- Icebug USA, Inc., a subsidiary of Icebug AB headquartered in Gothenburg, Sweden, and one of the fastest growing … [Read more...]

SEC Begins Formal Investigation into Ex-CEO Dov Charney

Dov Charney, found and controversial leader at American Apparel

Los Angeles--The Securities and Exchange Commission (SEC) has launched a formal investigation into the conduct of Dov Charney, … [Read more...]

The Mall of San Juan Opens in Puerto Rico

A. Alfred Taubman with sons Robert and William Taubman join New Century Development, Inc. and other special guests to open The Mall of San Juan in Puerto Rico (Photo/Taubman Centers, Inc.)

San Juan, PR—Mall developer Taubman opened the Mall of San Juan, the first luxury shopping center in Puerto Rico. The … [Read more...]