Lululemon’s CEO Exits Company on Heels of See-Through Pants Debacle
Time to say “namaste” to Christine Day, Lululemon’s CEO of five years.
The Business
Monday June 10th, 2013
Friday June 7th, 2013
Looks Like LVMH Just Filed a Civil Suit Against Hermès’s CEO
Looks like LVMH and Hermès are headed to court again. And this time, it’s personal.
Tuesday June 4th, 2013
Band of Outsiders Does Away With Confusing ‘Boy,’ ‘Girl’ Labels
Band of Outsiders has undergone a big branding change. Plus, peep the super cute Resort collection.
Monday June 3rd, 2013
LVMH May Have to Pay $13 Million Fine to Settle Hermès Case
The final verdict is not yet in on whether or not LVMH came into its 22.6% Hermès stake using secretive, illegal methods in an attempt to take over the competing French luxury brand. However, AMF, the French market authority that has been investigating the case, has proposed its recommended sentence.
Friday May 31st, 2013
LVMH Wants Investigation Into Hermes Case Annulled
In case you couldn’t tell, LVMH is not exactly over the moon about the lawsuit being brought against it by Hermes, or the investigation launched by French market authority AMF into how it became a major shareholder in the French luxury brand.
Not much has come of the case yet aside from both sides launching accusations at one another, until today.
Wednesday May 29th, 2013
Retail Stocks 101: Tips for Investing in Your Favorite Fashion and Beauty Brands
With Coty’s IPO imminent, Michael Kors doing gangbusters on the stock market and Fifth & Pacific selling shares via Facebook, we’ve never been more compelled to personally invest in the fashion and beauty brands we love.
But before you go nuts on an E-Trade, here’s a little tutorial. I’ve consulted Hitha Prabakhar and Brian Sozzi—two analysts who know a lot about the stock market, but also a lot about fashion and retail—on how to invest in a smart way.
Coty Set for Billion Dollar IPO
Coty‘s IPO is moving forward nicely: The beauty behemoth’s initial public offering is now said to be valued at $1.22 billion, almost double what it was originally reported to be worth.
Tuesday May 21st, 2013
Harrods Owners to Invest in Versace?
The restructuring of its Versus line may not be Versace’s only big business news this year, with new investors said to be quite interested in the family-owned Italian fashion house.
Monday May 20th, 2013
New Details Emerge on LVMH’s Secret Plan to Take Over Hermes
A new investigative report reveals some juicy new details on the methods through which LVMH came into its 22.6% stake in Hermes. And those details don’t exactly support Bernard Arnault’s recent claims that LVMH came into those shares “unexpectedly.”
Tuesday May 7th, 2013
Lululemon Execs Received Increased Bonus Incentive Plan Days Before See-Through Pants Recall
Remember that butt-crack-joke-filled week back in March, when Lululemon issued a recall of 17% of their black Luon pants because of an unacceptable level of sheerness, resulting in a predicated $67 million loss in sales? Well, it turns out that Lululemon gave their executives a fat new bonus incentive plan mere days before the recall was announced. Convenient, right?
Monday May 6th, 2013
Neiman Marcus Rumored to Be Eyeing IPO or Sale
Looking to invest in a fancy department store? Well, you’re in luck, because Neiman Marcus might be on the block soon.
Friday April 26th, 2013
Can George Soros Save JC Penney?
Though J.C. Penney hasn’t yet recovered from its roller coaster year (CEO Ron Johnson was outed earlier this month after his ambitious restructuring plans failed to see immediate results), the retailer has found an important cheerleader (a lifeline even?) in investor and philanthropist George Soros.
