The licensing group is near a deal to pay about $1.3 billion for the parent of Quiksilver and Billabong surfwear brands, according to people familiar with the matter.

The Brazilian footwear and accessories conglomerate has paid 130 million Brazilian reais ($25 million) to acquire a 65 percent share in the Milan-based shoe brand, signalling the company’s plans to continue expanding its global footprint.

Nordstrom Inc forecast full-year revenue below Wall Street estimates on Thursday, signaling high inflation levels were dampening consumer spending on discretionary items while the retailer decided to discontinue its Canadian business operations to drive profitability.

Italian luxury goods group Salvatore Ferragamo on Thursday said 2023 had started well after posting a smaller-than-expected 10.8 percent drop in operating profit for 2022, as it shouldered higher costs in a push to relaunch the brand.

Macy’s Inc forecast full-year profit largely above Wall Street estimates on Thursday, as the department store operator looks to cut back on promotions to protect its margins.

Shares in contemporary French fashion group SMCP rose in early morning trading after bondholders launched a sale process for a 37 percent stake in the company, potentially clearing the way for a full takeover.

The Puig-owned beauty brand, known for its viral Flawless Filter Concealer and Hollywood Contour wand has inked a partnership with the model, naming her its latest beauty muse.

“She’s back,” read a brief statement from Puma chief executive Arne Freundt in a one-line press release issued by the German sportswear giant on Wednesday, confirming the tie-up.