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Gap Inc (GPS.N) is launching a new brand of home products that will be sold exclusively on Walmart's (WMT.N) website in June, the companies said on Wednesday, as the apparel retailer looks to diversify its business. ....
Reuters 1/2 Models present creations from the Moncler Autumn/Winter 2020 collection during Milan Fashion Week in Milan, Italy February 19, 2020. REUTERS/Alessandro Garofalo/File Photo Read More The chief executive of Moncler (MONC.MI) said on Thursday that he did not expect consolidation in the Italian fashion market due to a deep history of family ownership of companies, but indicated that he was not constrained by this culture. In a European luxury goods industry dominated by French conglomerates LVMH and Kering, Italian players - most of them family-owned and run - are under pressure from investors to consolidate into larger groups, with fashion brand Moncler often seen by analysts as a possible target. ....
Reuters 3 minute read FIGS Inc co-founders Heather Hasson and Trina Spear arrive at the NYSE with FIGS ambassadors to celebrate the company s initial public offering in New York City, U.S., May 27, 2021. NYSE/Handout via REUTERS FIGS Inc s (FIGS.N) shares jumped nearly 29% in their market debut on Thursday, valuing the company at $4.57 billion, indicating robust investor interest after the maker of medical scrubs, face masks and shields saw a jump in demand during the COVID-19 pandemic. The shares opened at $28.30 each, up from the offer price of $22 each, in what was the first listing to be included on Robinhood s platform which will give retail investors the opportunity to buy shares in initial public offerings. read more ....
A Russian prosecutor has called for Dolce & Gabbana Instagram advertisements showing same-sex couples kissing to be banned in the country following a lawmaker's complaint about them, the prosecutor's office said on Monday. ....