Amazon.com Inc plans mass layoffs at its money-losing parenting products subsidiary Quidsi as part of a business restructuring, the company said in a document filed with the state of New Jersey on Wednesday.
After United Airlines barred several female passengers from a flight for wearing leggings, the activewear brand is capitalising on the uproar, offering a discount on leggings to all United Airlines passengers.
Li & Fung Ltd, which supplies clothing to retailers around the world, on Wednesday reported a 47 percent fall in 2016 net profit and said tough conditions in the global retail industry would put pressure on its business.
One year ago, British fashion designers took a very public stand against Brexit. An estimated 90% of London-based creators aghast at the very idea of leaving Europe, as many very firmly spoke out against any such divorce. Today, they await the divorce with trepidation.
L Catterton, the world’s largest consumer-focused private equity firm, has invested an undisclosed amount into Tula, a results-driven skincare brand co-founded by Ken Landis, a co-founder of Bobbi Brown Cosmetics.
Signet Jewelers Ltd has been hit with a securities fraud class action lawsuit, accusing it of failing to disclose facts regarding sexual harassment allegations against execs at Sterling Jewelers, court documents showed.
It was a mixed week for John Lewis in the period to March 25. Total sales fell 4.1% to £81.72m, skewed by the late Easter. But Mother's Day boosted key categories and its new denim lifestyle brand had a strong start.