Management

THG rejects takeover offer, property mogul Nick Candy also mulling bid

British e-commerce giant The Hut Group (THG) has turned down a 2 billion pound takeover offer from two investment companies after saying it undervalued the business. The group said late Thursday that it received an unsolicited takeover bid from Belerion Capital Group Limited and King Street Capital Management of 170 pence per share. It rejected...

2 hours ago

Management

Growth across core geographies boosts Richemont's sales and profit

Compared to the prior year, sales at Richemont grew by 46 percent at actual exchange rates and by 44 percent at constant exchange rates to 19,181 million euros, as growth rebounded in all major markets and distribution channels. The company said strong sales growth rates experienced throughout the first three quarters of the fiscal year...

3 hours ago

Management

Jacquemus taps Paco Rabanne chief Bastien Daguzan as new CEO

French fashion house Jacquemus has tapped Bastien Daguzan as its new chief executive officer. Daguzan joins from Spanish luxury brand Paco Rabanne, where he has served as CEO since 2017, during which time he worked alongside artistic director Julien Dossena and was credited with driving the company’s direct-to-consumer transformation. Prior to...

3 hours ago

Management

VF's Q4 sales increase 9 percent, earning jump

VF Corporation’s fourth quarter revenue of 2.8 billion dollars, rose 9 percent or 12 percent in constant dollars. Earnings per share of 21 cents, increased 32 percent; while adjusted EPS of 45 cents, was up 67 percent. Full year revenue of 11.8 billion dollars, increased 28 percent or 27 percent in constant dollars. Excluding acquisitions,...

6 hours ago

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