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Financial

Unicredit Bank Backs Italian Fashion Initiatives

Italy’s UniCredit bank has signed agreements with the Camera Nazionale della Moda Italiana and fashion and textile consortium SMI Sistema Moda Italia.

Permira Said to Seek Buyer For $5.5 Billion Hugo Boss Stake

Permira holds Hugo Boss through its Red & Black Holding GmbH company, and has cut its stake through two share sales in the past 18 months.

Tax Charge Dents Giorgio Armani Profits

Boosted by gains in all markets, the firm continued to grow revenues and margins in 2013.

Stocks Drop Sharply in U.S. and Europe

Jittery markets send WWD Global Stock Tracker off 1.4 percent.

Shareholders File Suit Against Pandora

The Danish jewelry brand’s stock declined Thursday after investors sued over a 2011 profit warning.

Adidas Lowers Full-Year Guidance

The sporting goods firm said it now expects a mid- to high-single-digit rise in currency-neutral sales in 2014.

Metro Books Q3 Loss

The German group confirmed its full-year guidance.

Hugo Boss Accelerates Earnings and Sales

The company’s own retail channel continued to drive growth in the second quarter.

Carrefour Operating Profit Up 7.9% in H1

Improved profitability in Europe and Latin America made up for continued weakness in China.

Fashion Stocks Slip 0.1%

Yoox, Kering, Michael Kors lead sector down.

Harmont & Blaine Brand Gets Minority Partner

Italian private equity firm Clessidra SGR has inked an agreement to take a 35 percent stake in the Italian brand through a capital increase.

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