In the hope of regaining market relevance, Avon's President, Miguel Fernandez, has directed the company to invest $120m to improve product, make technological updates, and to train its sales people to perform better.
French online fashion retailer Showroomprive reported a 28 percent rise in third-quarter revenue on Tuesday and predicted a similar increase for the full year to around 690 million euros (618.30 million pounds).
Gucci, Saint Laurent and Balenciaga all turned in powerful performances in Q3 for Kering but Bottega Veneta has some way to go. Gucci remains the conglomerate's star brand with both retail and wholesale soaring.
The top shareholder of Australia’s Myer Holdings Ltd said on Tuesday the department store operator’s turnaround strategy was failing and excoriated the board for refusing to meet him to discuss ways to save the company.
SMCP shares began trading at just below their initial public offering (IPO) price on Tuesday, following the French fashion label’s stock market flotation which valued it at around 1.7 billion euros ($2 billion).
Speaking with Italian newspaper Corriere della Sera on Monday, the 83-year-old designer said that moving his fashion empire to his charitable foundation is an effort to prevent any takeovers or a break-up of the group.
French eyewear group Essilor said on Tuesday it was confident of securing approval for its $54 billion merger with Italian Luxottica after the EU launched a full-scale probe into its impact on competition.