REPORTRalph Lauren Corporation has reported net income of 193 million dollars, or 2.27 dollars per diluted share, for the third quarter of fiscal 2016, compared to reported net income of 215 million dollars, or 2.41 dollars per diluted share, for the third quarter of fiscal 2015. “2015 was a year of […]

After eight years of operations Aditya Birla Retail accumulated losses to the tune of Rs 5,320 crores. The retail arm of the Aditya Birla Group posted Rs 2,893 crores sales for the year ended March 2015. As per the company’s filings with Registrar of Companies, the group’s losses reduced 5 per cent […]

Fashion brand Monte Carlo’s third quarter was a little subdued with EBITDA margins down at 21.9 per cent compared to 23 per cent as reported in the same fiscal last year. However, the profit after tax was up by 9 per cent at Rs 44.5 crores as against Rs 40.8 crores. Even the total income was up 12 per […]

PVH Corp and funds advised by Apax Partners have entered into a definitive agreement for PVH to acquire the 55 percent interest in TH Asia Ltd, their joint venture for Tommy Hilfiger in China. The closing of this deal to happen early in the second quarter of 2016 is expected to be slightly accretive […]

London-based online fashion brand Koovs is eyeing 10 per cent of the total Indian market by 2018. It hopes to capture this market by selling affordable range of western wear. Nearly 85 per cent of Koovs western wear range is designed by in-house designers and sell for less than Rs 1,500. The company […]

American Apparel is seeing its financial woes deepen in its most recent quarter as the company approaches a deadline for the approval of a Chapter 11 exit plan. For the quarter ended September 30, American Apparel reported a growing loss of 25.6 million dollars from a 19.2 million dollars loss a year […]

REPORTLVMH Moët Hennessy Louis Vuitton recorded revenue of 35.7 billion euros (38.9 billion dollars) in 2015, an increase of 16 percent over the previous year. Organic revenue growth was 6 percent. In the fourth quarter, revenue increased by 12 percent and organic growth was 5 percent.The Group witnessed […]

Discounts on products at leading lifestyle online sites Myntra and Jabong will be cut down drastically. The companies have realised discounts are eating into their profits and resulting in losses. Myntra reduced its discount offerings by six per cent in the quarter ended December. Plans are to reduce […]

REPORTMichael Kors Holdings for the third quarter ended December 26, 2015 registered total revenue increase of 6.3 percent to 1.40 billion dollars from 1.31 billion dollars in the third quarter of fiscal 2015. On a constant currency basis, total revenue increased 9.9 percent. Commenting on the development, […]

REPORTJanuary 2016 same-store sales at Uniqlo Japan increased by 14.6 percent year on year, while sales at its own stores increased by 14.1 percent. Total sales including online sales during the month under review, increased by 16 percent. The company said, same-store sales rose year on year in January […]

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