U.S. retailer Michael Kors is betting that its acquisition of storied shoemaker Jimmy Choo will give sales a much-needed boost, but lingering problems at Kors' core bag business could delay potential benefits.
A major retail and leisure destination has launched in Northamptonshire combining big name fashion and premium brands with lakeside dining and a range of outdoor leisure activities such as canoeing and bird watching.
UK consumer confidence has been relatively buoyant in recent periods given the dire warnings that had been issued before the Brexit vote. But in July, confidence dipped to a level last seen in July 2016.
Amazon CEO Jeff Bezos has unseated fellow tech billionaire Bill Gates as the richest person in the world, profiting from the e-commerce company's meteoric stock rise to reach a fortune of $90.6 billion, Forbes reported.
The group of Nordstrom family members seeking to take the eponymous U.S. department store private is offering preferential terms to potential equity partners willing to fund the buyout, according to sources.
French luxury group Kering delivered a forecast-beating rise in first-half operating profit on Thursday reflecting a continued revival of its biggest brand, Gucci, and a strong showing by Yves Saint Laurent.