Author: Bloomberg
Estimated costs related to the conflict in the Middle East tripled, with the UK retailer planning to mitigate them through measures including raising prices.
Brent oil surged to more than $126 a barrel on Thursday, before paring gains to $121.40 as traders factor in an even longer closure of the Strait of Hormuz.
The UK multinational’s sales rose more than expected as consumers in emerging markets snapped up its cleaning products and Dove soap, offsetting lacklustre demand in the US.
Jean-Christophe Babin, the head of LVMH’s watch division, said he’s ready for a phased retirement.
After more than two decades of oversize cases dominating wrists, watchmakers are pivoting to smaller diameters as younger consumers — particularly women in their 20s and early 30s — embrace so-called grandma watches for their versatility, vintage appeal and ability to be styled alongside jewelry. It’s one of the fastest-growing watch segments on the market. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
Anta Sports Products Ltd. will kick off its India return next month with a store in the New Delhi suburb of Gurugram, the company’s local partner said, as the Chinese sportswear maker takes another run at the world’s most populous market. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
The secondhand marketplace sold shares in a secondary transaction that raised its valuation as the company continues to grow rapidly.
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The company also won court approval for a financing package to raise as much as $500 million from investors.