For years, fashion and luxury-goods companies have resisted putting creative and commercial control in one pair of hands. With the appointment of Christopher Bailey as chief executive officer, Burberry Group Plc aims to prove it can make the formula work.
Claire’s Stores Inc. bondholders are signaling their distress as the girls-jewelry retailer’s least- profitable holiday season in five years prompts the company to turn to its third chief executive officer since 2007.
Ralph Lauren Corp., the retailer of its namesake brand clothing, will pay about $1.6 million to resolve U.S. regulatory and criminal claims that a subsidiary paid bribes to officials in Argentina from 2005 to 2009.
The arrest this week of Ralph Lauren’s niece Jennifer for pushing a Delta Air Lines Inc. crew member is the latest example of spiraling inflight misbehavior that industry body IATA says poses a growing threat to safety.
Since 1862, an obscure company called American Bureau of Shipping has been approving oceangoing vessels as seaworthy. The Houston-based firm reported $3.17 billion in revenue and just less than $600 million in profits from ship inspections from 2004 to 2010 and paid no U.S. income taxes on those earnings.