The group of Nordstrom family members seeking to take the eponymous U.S. department store private is offering preferential terms to potential equity partners willing to fund the buyout, according to sources.
French luxury group Kering delivered a forecast-beating rise in first-half operating profit on Thursday reflecting a continued revival of its biggest brand, Gucci, and a strong showing by Yves Saint Laurent.
Traffic was moderate but the mood ebullient at Pure London, the fashion trade show which this season focused on interplanetary travel, exotic ethnic designs and techy sportswear. The three-day show ended Monday night.
A majority of retail executives are optimistic about the 5-year outlook for the US fashion industry, however, the percentage has fallen from 92.3 per cent in 2016 to 71 per cent in 2017, as per a recent study.