Bloomberg Air France-KLM Group’s first-quarter loss more than doubled as fares fell and wages climbed following union deals struck by Chief Executive Officer Ben Smith after he took charge last year. The loss jumped to 303 million euros ($339 million) from 118 million euros a year earlier, with higher fuel costs and currency fluctuations also taking their toll. The loss ...

Bloomberg Apparel giant Gildan Activewear Inc is building a new manufacturing hub in Bangladesh, aiming to supply both Europe and a Chinese market that it described as “on fire.” The Montreal-based manufacturer of T-shirts and innerwear spent $45 million to buy land in the South Asian country, where it’s been since 2010 and currently employs 3,500 people. Gildan expects the ...

Bloomberg Neiman Marcus Group Inc is working with Lazard Ltd on the sale of luxury apparel platform MyTheresa, which may fetch more than 500 million euros ($560 million), people familiar with the matter said. Neiman said that it was evaluating options for MyTheresa, which has been at the centre of a dispute with creditors since the unit was effectively transferred ...