BlackRock's new private equity fund Long Term Private Capital has completed its maiden investment, taking up an $875 million stake in Authentic Brands Group, making it the largest investor in the U.S.-based company.
Italian luxury label Versace apologised on Sunday after one of the company's t-shirts was widely criticised on social media in China for identifying the autonomous territories of Hong Kong and Macau as countries.
Pepkor Holdings on Wednesday said third-quarter revenue rose 12% thanks to Easter sales falling within the quarter this year, but warned the outlook was still volatile as consumer spending remained under pressure.
Struggling British department store group Debenhams on Thursday named turnaround specialist Stefaan Vansteenkiste as its new chief executive, promoting him from the chief restructuring officer role he took on in April.
Jonathan Litt on Thursday urged for the removal of Hudson’s Bay Co Chairman Richard Baker from the board, saying the executive’s recent buyout offer showed that his interests were not aligned with minority shareholders.
A boycott on Japanese goods in South Korea has had an impact on casual clothing chain Uniqlo’s sales in the country, highlighting the widening economic hit from a diplomatic row over Tokyo’s wartime role.
The South African designer Palesa Mokubung, who launched her own brand Mantsho in 2004, has designed a line of womenswear for H&M featuring fluid tailoring and vibrant prints that will be on sale from August 15.