Currently reviewing the possibility of a sale, Revlon announced declining revenues and widening losses for Q3 on Friday, as weaknesses in its North American business took their toll on the company’s top line.
Up-for-sale Australian brand RM Williams’ earnings are forecast to more than triple by 2024 said investment bank Goldman Sachs in a pitch sent out to attract interest from potential trade and private equity buyers.
With 12,000 stores projected to close in the US by the end of this year, and the apparel and accessories sector expected to suffer particularly heavy casualties, Amazon looks likely to turn the situation in its favor.
Marks & Spencer shares dipped on Monday on expectations that the 135-year old retailer will be kicked out of London's blue-chip stock market index for the first time ever as part of the FTSE 100's quarterly review.
Following the announcement earlier this month that the cosmetics company would be exploring its options, Revlon is reportedly planning to approach potential bidders after the Labor Day holiday in September.
Following months of speculation about a possible IPO, Ruyi has announced that it is preparing to list the Lycra Company on China’s newly created Science and Technology Innovation Board as it looks to push growth in Asia.
J. Crew Group Inc has hired investment banks to prepare for an initial public offering of its Madewell apparel business, as the U.S. clothing chain seeks ways to revive its fortunes, sources said on Thursday.