John Lewis fashion sales fell again this week suggesting the wider malaise in the UK fashion sector is far from over, despite the start of the Christmas season. But the beauty category boomed, offering some relief.
Farfetch is seeing fast-rising sales but its losses have widened as it continues to invest in growth and sacrifice profit ahead of an expected US IPO. That’s the main message from the accounts that were filed this week.
German consumer goods maker Henkel raised its forecast for full-year earnings per share on Tuesday after it reported 3Q underlying sales growth of 3 percent in what it called an "increasingly challenging environment".
Brookfield Property Partners LP , one of the world's largest commercial real estate companies, on Monday made an unsolicited bid to buy the 66 percent stake in mall owner GGP Inc it does not yet own for $14.8 billion.
It’s all change at LVMH, where another respected CEO in the extended group is set to leave a thriving fashion house. Simon Whitehouse, the energetic CEO of J.W. Anderson will quit the company at the end of the year.
JD.com, China’s second largest e-commerce firm, saw its stock jump over 7 percent in pre-market trading on Monday after it reported better-than-expected income for the quarter ended in Sept. 30, due to strong sales.
The online marketplace for independent boutiques has raised £10 million in a series A round of funding, and will use the investment to increase its number of listed shops and further develop the platform.