Business
- Marjorie van Elven |
Modest e-tailer The Modist has received strategic investments from Farfetch and Annabel Investment Holding, the private equity company of Nicola Bulgari, Vice-chairman of jeweler Bulgari Group. The announcement comes less than a year after The Modist secured 15 million US dollars (approximately 11 million […]
- Simone Preuss |
The fashion industry is not known for its social and environmental compatibility. On the contrary: The fashion industry is the second biggest consumer of water and is responsible for 8-10 percent of global carbon emissions - more than all international flights and maritime shipping combined, as the […]
- Prachi Singh |
Moss Bros Group Plc in its preliminary results statement, covering the period from to January 26, 2019 said adjusted loss before tax was 0.4 million pounds (0.5 million dollars) compared to profit before tax of 6.7 million pounds restated in 2017/18. Statutory loss before tax was 4.2 million pounds […]
- Simone Preuss |
French department store Galeries Lafayette has ambitious expansion plans for its presence in China: The iconic department store chain is planning to open around ten new stores in China by 2025 and achieve revenues of one billion euros (1.13 billion US dollars). "We are targeting around 10 stores in […]
- Simone Preuss |
After the Dutch Bretoniere Group filed for bankruptcy on 9th March, it found a buyer in RNF B.V., which also owns fashion brand Mexx. This means good news for fans of women’s shoe brands Fred de la Bretoniere and Shabbies Amsterdam, as they are currently being relaunched. Now, the Bretoniere Group and […]
- Prachi Singh |
PVH Corp. has entered into a definitive agreement to reacquire the license for the Tommy Hilfiger brand in Hong Kong, Macau, Taiwan, Singapore and Malaysia, along with certain related leases and retail assets, from Dickson Concepts (International) Limited. Without disclosing the details, the company […]
- Prachi Singh |
Safilo and Kate Spade New York have renewed their global eyewear licensing agreement for the design, manufacturing and worldwide distribution of Kate Spade New York branded sunglasses and optical collections. Safilo said in a statement that the agreement will now run until June 30, 2026. “The long-standing […]
- Prachi Singh |
G-III Apparel Group, Ltd. has announced that its net sales for the fiscal year ended January 31, 2019 increased 9.6 percent to 3.08 billion dollars, while the GAAP net income reached 138.1 million dollars or 2.75 dollars per diluted share, compared to 62.1 million dollars or 1.25 dollars per diluted […]
- Prachi Singh |
Nike, Inc. reported diluted earnings per share of 68 cents in the third quarter to February 28, 2019. The company said, revenues for Nike, Inc. increased 7 percent to 9.6 billion dollars, up 11 percent on a currency-neutral basis, while revenues for the Nike brand were 9.1 billion dollars, up 12 percent […]
- Danielle Wightman-Stone |
Privately-held Swiss distribution and brand management group Maus Frères has confirmed that it has entered into “exclusive negotiations” to acquire contemporary fashion brand, The Kooples. In an official statement, Maus Frères said that it was in talks with the shareholders of The Kooples, and that […]