Activist hedge fund Marcato Capital Management said on Monday it cut the number of nominees to Deckers Outdoor Corp’s board amid a prolonged proxy fight in which Marcato is seeking major changes at the Uggs boot maker.
Poshmark has raised $87.5 million in a funding round led by Singapore’s state investor Temasek Holdings, the online fashion retailer said on Tuesday, positioning the startup for overseas expansion in Europe and Asia.
A new Morgan Stanley study shows Amazon as a threat to both department stores and specialty retailers, with Amazon's new use of Nike and Lululemon's suppliers for its own private label sportswear a particular concern.
Digitisation will boost GDP growth by 50-75 basis points in the next decade and may lead India to become a $6-trillion economy, the third largest in the world, says a recent report by brokerage firm Morgan Stanley.
Vaultier7 (V7) is a new investment fund focusing on start-up companies in the cosmetics, wellness and lifestyle sectors. The London-based fund is backed by a number of investors, amongst them the Puig family.
Industry-wide retail sales in August and September will fall in the wake of hurricanes Harvey and Irma, with apparel retailers such as Gap Inc expected to take a longer-term hit than restaurant operators.