Business
- Prachi Singh |
Ralph Lauren Corporation’s board of directors has declared a regular quarterly dividend of 625 cents per share on Ralph Lauren Corporation Common Stock. The company said, this dividend is payable on January 11, 2019 to shareholders of record at the close of business on December 28, 2018. For its second […]
- AFP |
French luxury giant LVMH said Friday that it had reached agreement to buy hotel group Belmond, whose properties include the Copacabana Palace in Rio de Janeiro and Cipriani in Venice, in a transaction worth 3.2 billion USD (2.8 billion euros). LVMH said it would acquire Belmond for 25.00 USD per class […]
- Danielle Wightman-Stone |
Souler, the influencer commerce platform and community has announced that “selected influencers” will receive stock options in the company as part of its new “Chosen Influencer” programme. The platform, which is free for approved influencers and brands, enables influencers to sell products from premium […]
- Prachi Singh |
For its first half to September 30, 2018, Indian online fashion retailer Koovs Plc said that revenues were down by 40 percent at 195.9 million Indian rupees (2.7 million dollars), due to reduced gross order value and an increase in sales tax. However the company’s pre-tax loss reduced by 10 percent […]
- Prachi Singh |
L Brands, Inc., has announced that following its previously disclosed comprehensive review process, it has signed a definitive agreement to transfer ownership and operating control of La Senza – inclusive of the home office organization, North American stores and e-commerce and international partnerships […]
- Prachi Singh |
Third quarter revenues at Cherokee Global Brands decreased 25 percent to 5.8 million dollars in the third quarter, as the company said, it continues to transition from its DTR licenses to new wholesale licensing partners in the United States, which was partially offset by revenues from the company’s […]
- DPA |
The German textile industry is awash with bad news: well-known manufacturers like Gerry Weber, Tom Tailor and Esprit seem to fail to attract enough customers. And that's not just because of the record breakingly hot summer of 2018. A famous name is no longer enough in the fashion world to guarantee […]
- Marjorie van Elven |
The European textile industry has until December 2020 to comply to a new EU regulation restricting the use of 33 chemicals which are classified as carcinogenic, mutagenic or toxic for reproduction, including benzene, formaldehyde and heavy metals. These substances are either used to confer certain properties […]
- Prachi Singh |
Taking a cautious approach to its forecast and assuming that sales will not show any significant improvement before the end of March 2019, Bonmarché now estimates that underlying PBT will be in the range of breakeven to a loss of 4 million pounds for the current financial year. The company said, mid-point […]
- Prachi Singh |
Under Armour has initiated a new five-year plan around two strategic priorities: protect and perform. Reviewing the company's expected performance against its long-term growth strategy, Under Armour expects gross margin to increase approximately 275 to 300 basis points reaching at least 48 percent in […]