Author: Bloomberg
The New York-based luxury retailer will spend $346 million on General Atlantic’s interest, whose size wasn’t disclosed.
Revenue at Kering’s flagship brand fell 8 percent in the first quarter, missing analyst expectations, despite creative and management overhauls.
The Italian footwear brand has begun marketing an €880 million bond sale to finance its acquisition by Chinese firm HSG.
State attorney general Ken Paxton’s investigation creates another headache for Lululemon, which has slumped in the stock market as sales growth tapers off, quality issues resurface and the founder advocates for a board overhaul.
The recruitment of the former Gucci, Louis Vuitton and Prada executive follows the resignation of Stefano Gabbana as chairman in December.