Coach Inc’s US$2.4bn purchase of smaller label Kate Spade & Co, backed by up to US$2.1bn in bank loans, shows that US retailers are opening their purses to buy rivals to boost profits, bankers and analysts said.
Mexican retail brand manager Grupo Axo has revived plans for an IPO of up to 3 billion pesos (£122 million) that was put on ice in November over fears of a fallout from Donald Trump's U.S. presidential win.
US retail sales fell for a second straight month in March and consumer prices dropped for the first time in just over a year, underscoring the magnitude of the loss of economic growth momentum in the first quarter.
Francesco Giannaccari has been appointed CEO of Anya Hindmarch with a brief to continue the British luxury bag brand’s international expansion. The comapny said “his extensive knowledge of operations” will be key.