REPORT Three of German ecommerce investor Rocket Internet-backed top online start-ups are expected to break even by the end of 2017. The company said its top 12 start-ups, or its ‘proven winners’ saw average weighted net revenues jump 142 percent to 1.37 billion euros (1.5 billion dollars) in the first […]

Hudson's Bay Co., the parent company of Saks Fifth Avenue and Lord & Taylor, has announced plans to cut 265 jobs across North America. The department store chain noted that they will be taking a 20 million dollar charge in the third quarter due to this action. The layoffs won't affect any sales associates […]

REPORTSteilmann SE Group said that its revenue increased 0.7 percent to 417 million euros (468.4 million dollars) in the first half to June 30, 2015. Retail segment revenues increased by 3 percent to 315.2 million euros (354 million dollars) and EBITDA increased by 31.7 percent. “Our new group structure […]

Huntington Beach, Calif.-based company Quiksilver will be removed from the NYSE on October 12. NYSE reported the action to the Securities and Exchange Commission in a filing on Tuesday. Quiksilver recently filed for Chapter 11 bankruptcy on September 9. The company's stock was suspended from trade during […]

Due to the ongoing Chinese stocks generalised plunge, Alibaba Group Holding Ltd., is moving ahead with its 4 billion dollars’ worth of shares repurchase plan over two years. JD.com Inc. has authorised 1 billion dollars for the same purpose. The selloff that has pushed an index of U.S.-traded Chinese […]

The investment bank Goldman Sachs has been commissioned by investment funds CVC, Permira, and Pai, current owners of Cortefiel, to seek a buyer for the Spanish fashion group. According to sources familiar with the matter, the sale price would be around 1,300 million euros, representing 13 times the […]

On Monday, The Yoox Group announced that the merger deed with Net-a-Porter had officially been signed, setting next October 5 as the official date for the new group to start trading. As Yoox advanced in an interview with ‘WWD’, the "merger would be effective subject to the registration of the deed with […]

British private equity firm Lion Capital, formerly the owner of Jimmy Choo, is reportedly considering a takeover of luxury shoe retailer Kurt Geiger. According to people familiar with the matter quoted by Sky New, Lion Capital, who along with a number of bidders presented initial offers on Monday, is […]

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