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U.S. property trust Vornado challenges Arcadia’s restructuring plan

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FILE PHOTO: CEO of Arcadia Group Ian Grabiner arrives at County Hall in central London, Britain June 5, 2019. REUTERS/Henry Nicholls/File Photo (Reuters) – Philip Green’s fashion empire Arcadia Group on Tuesday said it received applications from legal entities of U.S.-based property group Vornado (VNO.N) challenging two of its seven planned Company Voluntary Agreements (CVAs). Read More

LVMH pairs with Stella McCartney, igniting fashion rivalries

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PARIS (Reuters) – French luxury goods group LVMH (LVMH.PA) on Monday announced a tie-up with Stella McCartney, just months after the British designer known for her animal-friendly ethics ended a long-term partnership the conglomerate’s arch-rival Kering (PRTP.PA). British designer Stella McCartney appears at the end of her Fall/Winter 2019-2020 women’s ready-to-wear collection show during Paris Read More

LVMH pairs with Stella McCartney in ethical fashion bet

17 hours ago DieselGasoil Comments Off on LVMH pairs with Stella McCartney in ethical fashion bet
British designer Stella McCartney appears at the end of her Fall/Winter 2019-2020 women’s ready-to-wear collection show during Paris Fashion Week in Paris, France, March 4, 2019. REUTERS/Stephane Mahe PARIS (Reuters) – French luxury goods conglomerate LVMH (LVMH.PA) said on Monday it was pairing up with British designer Stella McCartney to further develop her brand, just Read More

Exclusive: Barneys New York explores options that include bankruptcy – sources

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NEW YORK (Reuters) – U.S. luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday. FILE PHOTO: People walk by a Barneys New York retail store in New York October 24, Read More

Exclusive: Department store Barneys New York explores bankruptcy – sources

3 days ago DieselGasoil Comments Off on Exclusive: Department store Barneys New York explores bankruptcy – sources
NEW YORK (Reuters) – U.S. luxury department store Barneys New York Inc is exploring a bankruptcy filing as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday. FILE PHOTO: People walk by a Barneys New York retail store in New York October 24, 2013. REUTERS/Eric Thayer The Read More

Thomas Cook turns to China’s Fosun to save oldest travel firm

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HONG KONG/LONDON (Reuters) – Thomas Cook (TCG.L) is in talks on a 750 million pound ($941 million) bailout that will give its largest investor Fosun Tourism (1992.HK) control of the indebted British group’s package-tour business, in a blow to other shareholders. Shares in Thomas Cook dropped by more than 30% to their lowest level on Read More

‘Comical & tragic’ when US officials say arms sales to Saudis are about ‘exporting human rights’

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It was truly baffling to hear a grilled US official claim during a Senate hearing that the sales of weapons to Saudi Arabia are a ‘manifestation’ of exporting human rights and open society, an anti-war activist told RT. R. Clarke Cooper, the US State Department’s assistant secretary for political-military affairs, was grilled during a hearing Read More

Superdry warns of long road to recovery as slashes store value

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LONDON (Reuters) – The founder of Superdry (SDRY.L) warned the revival of the struggling British fashion group would be a long haul after a 130 million pound ($161 million) charge for poorly performing stores pushed it into an annual loss, sending its shares lower. FILE PHOTO: A woman walks past a Superdry fashion store in Read More

Mexico calls out Louis Vuitton for using traditional pattern

6 days ago DieselGasoil Comments Off on Mexico calls out Louis Vuitton for using traditional pattern
FILE PHOTO: A French luxury group Louis Vuitton store is seen in Paris, France, December 18, 2017. REUTERS/Charles Platiau/File Photo MEXICO CITY (Reuters) – The Mexican government has questioned Louis Vuitton’s use of a traditional Mexican pattern in the design of a chair, less than a month after it sent a similar letter to another Read More