A trade war between the world’s top two economies cut U.S. imports of Chinese goods by more than a quarter, or $35 billion, in the first half of this year and drove up prices for U.S. consumers, a study has showed.
The New York-based luxury apparel and accessories company announced on Tuesday that it has acquired contemporary womenswear brands Rebecca Taylor and Parker for a total cash consideration of $19.7 million.
Tiffany investors are hoping for a higher offer than LVMH's proposal worth $120 a share. But the deal will require a lot of polish if it is to make sense for the French company’s shareholders, analysts say.
The designer, until now in charge of style at menswear label Pal Zileri, is the new creative director of Ferrari’s Diversification division, after the car manufacturer recently announced a production deal with Armani.
The need to match rivals' prices is continuing to impact John Lewis with the company still being forced into discounts. And it doesn't play along, its sales are going into reverse as could be seen in its latest week.
The supercar manufacturer expects to generate 10% of its total profits within 7 to 10 years from brand extensions, including the partnership with the Armani group, as it aims to boost the quality of its apparel range.
Hugo Boss expects sales to recover in the fourth quarter, helped by more modern stores and growth in mainland China and ecommerce, after the German fashion house reported falling sales in the US and Hong Kong.