Bloomberg Tapestry Inc shares jumped the most since November after the high-end retailer raised its full-year earnings outlook, citing more moderate currency headwinds and a sales pickup in China. The Coach owner now sees earnings per diluted share in the range of $3.70 to $3.75. That’s up from its previous range of $3.60 to $3.70 and above the average estimate ...

  Bloomberg Inditex SA shares dropped after the owner of the Zara clothing chain agreed to raise the pay of its store workers in Spain by an average of 20%. The retailer agreed to pay all store workers in Spain a minimum of €1,500 ($1,610) per month, Spanish union UGT said in a statement. That’s a hike of up to ...

  Bloomberg Distressed Brazilian retailer Americanas SA got court approval for a debtor-in-possession (DIP) financing plan of up to 2 billion reais ($379 million) through the sale of local bonds, with its biggest shareholders willing to fund up to half of it. The Rio de Janeiro-based company will sell 1 billion reais of local notes in a first tranche which ...