Retail

Bloomberg Shiseido Co agreed to buy skincare brand Drunk Elephant for $845 million as the Japanese beauty company seeks to appeal to younger consumers in the US. The deal for Drunk Elephant Holdings LLC won’t have a significant impact on full-year earnings, Shiseido said in a statement. It will be financed with a combination of cash and credit, and is …

Bloomberg LVMH bucked concerns about the impact of protests in Hong Kong on sales of luxury goods to the key Chinese consumer market, throwing down a gauntlet to rivals with faster-than-expected revenue growth. Third-quarter sales of fashion and leather goods rose 19% as the Paris-based company that’s seen as a bellwether for the wider luxury sector flagged “remarkable” performances at …

Bloomberg Levi Strauss & Co posted third-quarter profit and sales that topped analysts’ estimates, while revenue in its home market fell, as the company navigates an increasingly crowded denim market. Earnings excluding some items amounted to 31 cents a share in August, compared with the 28-cent average of projections. Denim is experiencing a resurgence and the market is getting more …

Bloomberg Hong Kong demonstrations continue to disrupt business as usual for some American companies and shoemaker Vans is the latest to get tangled up in the protests. During its annual shoe-design competition that is currently underway, Vans reportedly removed a submission from its website that depicted both a flower symbol of Hong Kong and protesters wearing gas masks, goggles and …

Bloomberg Clicks Group Ltd surged the most in 11 years in Johannesburg trading after the retailer said its full-year earnings would rise as much as 18%, despite the tough conditions confronting South African consumers. Clicks rose as much as 13%, the most since October 2008 to the highest since the shares started trading in March 1996. Profits have been boosted …

Bloomberg The US Supreme Court rejected an appeal from Domino’s Pizza Inc, leaving the company to face a lawsuit by a blind man who says its website and mobile-phone app don’t comply with a federal disabilities law. Corporate trade groups had urged the court to take up the case, saying they are seeing an explosion of lawsuits alleging that sites …

Bloomberg Ted Baker Plc lost more than a third of its value after the UK apparel chain sank to a loss and warned that its performance could worsen amid price competition and a shift to online shopping. The retailer has been reeling since the resignation of founder Ray Kelvin. While the company has moved to improve office conduct, it’s succumbing …

Bloomberg Burberry Group Plc is encouraging clients to give their old looks a second life by selling them online, a move that could help pull in holiday shoppers and bolster appeal with the environmentally conscious. In a rare partnership between a fashion house and the burgeoning marketplace for used luxury products, Burberry is teaming up with consignment website The RealReal. …

Bloomberg Retail has been one of the hottest sectors among recent Southeast Asian initial public offerings, as investors look to cash in on consumers’ increasing spending power in the region. “The domestic consumption growth story in Southeast Asia remains an attractive thematic for equity investors,” said Ho Cheun Hon, head of Southeast Asia equity capital markets at Credit Suisse. Home …

Bloomberg PepsiCo Inc is getting a boost from higher prices on its drinks and snacks, a sign US consumers still feel good amid recent indicators of a looming economic slowdown. The snack and beverage giant said it will meet or exceed its full-year revenue growth after sales and profit both topped Wall Street estimates for last quarter. The results showed …