In a significant setback for Capri Holdings, the company’s stock nosedived by 50% after a U.S. federal judge blocked its $8.5 billion merger with Tapestry. The decision has triggered widespread concerns among investors and market watchers, questioning the future trajectory of both luxury fashion giants. The Federal Trade Commission (FTC) had previously argued that the […]
Nordstrom, an American luxury department store chain, is planning to open a new Nordstrom Rack in Denton, Texas in the fall of 2023. The 25,000sft store will come up at Denton Crossing, a shopping center situated on South Loop 288, just off Interstate 35. Carl Jenkins — Nordstrom Rack Stores Senior Vice President said: “We […]
Nordstrom, a US-based fashion retailer, is planning to launch a new Nordstrom Rack in SLO Promenade, a shopping center, in San Luis Obispo, California to strengthen the company’s network of stores. Spanning over 24,000 square- foot area, the new Nordstrom Rack will mark the 58th Nordstrom Rack store, and will open in fall 2023. Nordstrom […]
ASOS, a British online fashion and cosmetic retailer, has established a joint venture with American luxury department store chain Nordstrom. The joint venture has been formed via Nordstrom’s acquisition of a minority stake in the Topshop clothing, shoes, and accessories brand, Topman men’s online fashion store, HIIT clothing brand, and high street store chain Miss […]