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Latest in Financial

Bankruptcy Court Approves Saks Global’s $500M Exit Financing Package

The approval helps set the company up for life after Chapter 11.

Les Deux Delivers Double-digit Growth Amid Physical Retail Push

The Danish menswear brand reported a 13 percent full-year revenue growth while investing in offline…

Bernard Arnault Warns Middle East Conflict Could Spell ‘Catastrophe’ for World Economy

Despite near-term volatility, the luxury magnate remains confident about the midterm outlook and expects to…

Inside ZYA Fund: How Saudi Arabia Is Building Its First Institutional Bet on Fashion

In an exclusive interview, Cultural Development Fund CEO Majed Al-Hugail reveals the $80 million fund's deal…

Tailored Brands Looks to Return to Wall Street With a Second IPO

The retailer, which emerged from bankruptcy in 2020, said it confidentially filed for a public stock offering.

Timothée Chalamet Takes Minority Stake in Watchmaker Urban Jürgensen

The "Marty Supreme" and "Dune" star recently made waves with his collection of timepieces from high-end…

Moncler Group Reports Strong Q1 Sales

Asia and the direct-to-consumer channel helped boost the performance in the three months ended March 31.

Abercrombie CEO Fran Horowitz’ Pay Slips to $13.3M for 2025

Most of the compensation package came from $10.5 million in stock options.

Mulberry’s Turnaround Strategy Lifts Fiscal 2026 Sales and Margins

The British brand posted a 5.7 percent sales increase at constant currency, double-digit second-half growth…

QVC Group Looks to Race Through Bankruptcy 

The home shopping network said it has a restructuring support plan that will allow it to pay its vendors in…

We’re Living in a ‘VUCA’ World, Said Axel Dumas at Hermès’ AGM

Chaos is the new normal, said the luxury brand's executive chair, as he shrugged off U.S. tariffs and said…

Equity Analysts React to Kering’s Capital Markets Day

Despite hours of upbeat talk from Kering CEO Luca de Meo, doubts linger about Gucci's brand heat and return…

The Quotable Luca de Meo

The executive displayed his talent for trenchant remarks and insights, often punchy and sometimes blunt.

Even Hermès Can’t Outrun Luxury’s Slowing Demand

In a week of weak results including LVMH and Kering, China's fragile recovery weighs on the sector.

Inside Luca de Meo’s Kering Turnaround Plan

The CEO detailed his 360-degree strategic roadmap in a marathon address at a Capital Markets Day in Florence.