At least seven potential buyers are in the running to bid for a minority holding in Italian fashion house Versace, which plans to sell a 15-20 percent stake to fund growth, sources close to the talks have said.
Generating over half of all sales for the Italian company, North America is an important market for Luxottica and will benefit from an investment of $250 million over the next three years to support growth in the region.
For its third quarter, American denim brand Levi Strauss saw net sales increase by 4% to reach 1.14 billion dollars but reported weak sales in Europe, notably down to a drop in sales to franchises in Southern Europe.
Neverfull - the name of Louis Vuitton's best-selling handbag - sums up well its parent LVMH: even if it snapped up all of the world's last remaining independent luxury brands, it would still have room for more.
Fashion subscription company JustFab Inc. has raised $40 million in Series C funding led by Hong Kong-based Shining Capital Management which will help the company to increase product range and to push further internationally.
Britain's Laura Ashley plans to tap in to the recovery in the housing market by targeting a younger clientele for its homewares division after a lacklustre performance from its fashion range hurt sales and its shares.
A buyout firm with a record of taking troubled retailers private disclosed on Tuesday that an affiliate had taken an 8 percent stake in Aeropostale, sending the struggling teen apparel retailer's shares up as much 19.5 percent.