investigation by the Paris prosecutor for alleged money laundering. The allegations involve financial transactions between Arnault and Russian oligarch Nikolai Sarkisov.

Despite the ongoing investigation, Arnault has vehemently denied the accusations, labeling them as "absurd and senseless." Artizia sees $6M net loss in Q2, CEO says results 'do not meet our high standards' (Bloomberg) Canadian fashion retailer Aritzia reported a net loss of $5.99 million or $0.05 per share for the second quarter of fiscal 2024.

This is a significant drop from the profit of $46.26 million or $0.40 per share reported a year ago. Despite the loss, the company saw a slight increase in revenue, with a 1.6% rise to $534.2 million. CEO Jennifer Wong expressed disappointment in the results but remained optimistic about the company's future growth.

Toys R Us is planning a brick-and-mortar comeback in the U.S (CNBC) Once a dominant brand in the toy industry, Toys R Us is planning a comeback. The company's parent company, WHP Global, announced plans to open as many as 24 new stores in the U.S. as early as next year…