Tiffany & Co. has entered into a new ten year license agreement with Luxottica for the development, production and global distribution of sunglasses and prescription frames under the Tiffany & Co. brand.
Hudson’s Bay Co on Wednesday reported a wider-than expected quarterly loss, missing analysts estimates amid lower retail sales, as the Canadian department store operator battled with a challenging retail environment.
The Canadian retailer has reached an agreement with shareholder Land & Buildings, under which the activist investor would withdraw its appeal against the conditional approval given for an investment by Rhone Capital.
Fashion jewelry and accessories chain Charming Charlie is reportedly preparing to file for bankruptcy as early as this month, the latest example of a U.S. retailer struggling during the key holiday shopping season.
The Sticker Cart is offering stickers for customers to personalize their handbags and accessories. The installation is available at Saks Fifth Avenue Selfridges, La Rinascente, Reel Department Store and No One.
Marc Lasry, the billionaire co-founder of Avenue Capital Group, said on Wednesday that the firm has invested in some of the approximately $4.8 billion in debt of luxury department store chain Neiman Marcus Group.
As Hudson’s Bay steps up the pace of extracting value from its $5 billion property portfolio, the department store chain’s shareholders want it to reduce debt and not invest the proceeds in traditional retail operations.