Bloomberg As fashion franchises like Forever 21 struggle globally amid changing shopping habits and competition from e-commerce, Uniqlo-owner Fast Retailing Co has managed to turn around a second clothing line into a profit driver. Its more experimental and stylish GU brand is expected to be a highlight of its full-year earnings to be reported. The sister brand, which sells at …

Bloomberg Hays Travel Ltd, the UK booking agent that’s buying 555 shops from Thomas Cook Group Plc, said the stores can turn profitable without the hefty airline costs that helped bring down the 178-year-old tour operator. Hays will add the outlets to its existing 190 shops to expand a business that’s more online-focussed than Thomas Cook was, founder and Managing …

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 …