Cotton On Group, a clothing chain with 1,300 stores globally, said it will invest in China to step up its overseas expansion and challenge the dominance of Fast Retailing Co.’s Uniqlo and Hennes & Mauritz AB.
Fast Retailing Co.’s Tadashi Yanai, who built his father’s tailor shop into Asia’s biggest clothing retailer and in the process became Japan’s richest man, is stepping up his push into the U.S. market.
Zara’s celebrity chic helps make its Spanish parent company, Inditex SA, the world’s biggest fashion retailer. Singer Taylor Swift, reality-television personality Kim Kardashian and Kate Middleton, Prince William’s wife, have all been spotted wearing the stylish, low-cost brand.
Esprit Holdings Ltd. said it’s uncertain about the company’s second-half performance after rebounding from a year-earlier loss to post a profit in the fiscal first half. Shares dropped the most in five months.
European stocks were little changed, after two days of gains, as a measure of German investor confidence fell more than forecast and the Federal Reserve Bank of New York’s general economic index missed estimates.
Natural gas and oil led a gauge of commodities to a five-month high as a winter storm in the U.S. Northeast boosted fuel demand and coffee surged amid a drought in Brazil. The Standard & Poor’s 500 Index rose a third day.
Occidental Hotels & Resorts, the hotelier owned by billionaire Amancio Ortega and Spain’s second- largest bank, has attracted interest from companies including AMResorts and Playa Hotels & Resorts, two people with knowledge of the matter said.
David Jones Ltd., Australia’s second-largest listed department store company, rose the most in two months after it said it received a merger proposal in October from larger rival Myer Holdings Ltd. that it rejected.