Jeweler Finlay Enterprises on Thursday March 12th entered into a new retention bonus agreement with Chief Executive Arthur Reiner that will see him forgo a future $2 million severance payout for a $1 million bonus deal, according to a regulatory filing.
Ever seen an ambassador dressed from head to foot in pastel frills? How about a diplomatic envoy in a mini-skirted school uniform? In a bid to raise its international profile, Tokyo has appointed three young women as cultural envoys because they represent Japan's long-running craze for all things cute.
Swedish fashion giant Hennes & Mauritz (H&M) is likely to feel some effects from the global financial crisis but is doing better than some of its competitors, the company's top executive said on Thursday March 12.
Adidas will focus on paying down debt this year, Chief Financial Officer Robin Stalker said on Wednesday. The world's second-biggest sporting goods maker also said it planned no further share buybacks. Adidas shares rose 3.
Italian fashion designer label Gianfranco Ferre is continuing business and plans to open franchises despite being put into special administration along with its owner this week, CEO Michela Piva said on Friday.
Peter Davies, the former chief executive of Principles, has submitted a bid for the British women's fashion brand, he said on Friday. Principles' owner, Mosaic Fashions, said earlier this month it had received expressions of interest in the brand.
Standard & Poor's on Wednesday cut its ratings on BCBG Max Azria Group to a deeply speculative grade and cited concerns that the fashion retail chain may trip its debt covenants and struggle to make a $20 million loan payment due in March.