Fashion Executives Network The most comprehensive provider of market data and analysis.
BusinessMember
Saks Global: Millions owed to Chanel, Kering, LVMH, and more
Saks Global’s journey to eventual bankruptcy had been heavily speculated by industry insiders for months. Suspicions were then confirmed Wednesday, when the US retail giant officially filed for Chapter 11 protection in a Texas bankruptcy court, where documents have revealed the extent of financial challenges faced by the company. In its filing,...
loading...
BusinessMember
Richemont maintains strong momentum with 11 percent sales growth in third quarter
Swiss luxury group Richemont has reported a robust performance for its third quarter ended December 31, 2025, with sales reaching 6.40 billion euros (7.45 billion dollars). At constant exchange rates, revenue increased by 11 percent against demanding double-digit comparatives from the previous year, while growth at actual exchange rates stood at...
loading...