Michael Kors has reached a deal to buy its smaller luxury segment peer Jimmy Choo for almost £900 million, well above the £800 million that was expected. It plans fast expansion and a move into new fashion product areas.
The retailer names Jeffrey Davis the CFO, following the departure of Edward Record in July. Davis will oversee all of JCPenney's financial operations, and he will report directly to Chairman and CEO Marvin Ellison.
The fashion company is combining its brand and go to market marketing teams into one department, to be led by Vincent Jeanniard, Head of Global Marketing, assisted by Rob McIntosh as Chief Brand Officer.
To celebrate their 35-year partnership, Azzedine Alaïa and Barneys New York have created an exclusive capsule collection. The collection takes its inspiration from classic Alaïa silhouettes dating back to the 1980s.
Amazon Fashion in the UK has released its summer trends report and it shows that Sunday is the most popular day of the week to shop for fashion. It also said analogue watches are popular, as are skinny and mum jeans.
VF's second quarter revenue increased 2% from the prior year and total revenues and net sales for the 6 months ended in June were flat. The company updated its fiscal 2017 outlook and expects $11.65 billion in revenue.