Danish fashion group Bestseller, which includes Vero Moda, Jack and Jones, Only and Noisy May, has unveiled what it is calling an “ambitious” new strategy that will make sustainability “central to its way of doing business”. The ‘Fashion Fwd’ strategy is part of Bestseller’s plan to “transform the fashion […]

Amer Sports Corporation has confirmed a public cash tender to acquire the entire stake in the company’s business by a Chinese investor consortium led by Anta Sports Products Limited. The consortium has offered price under the tender offer of 40 euros in cash per Amer Sports share. Anta had, on September […]

G-III Apparel Group, Ltd. for the third quarter ended October 31, 2018, reported that net sales increased 4.7 percent to 1.07 billion dollars. Net income for the third quarter was 94 million dollars or 1.86 dollars per diluted share, from 81.6 million dollars or 1.65 dollars per diluted share, in the […]

For its third quarter, The Children’s Place, Inc. reported net sales increase of 32.5 million dollars or 6.6 percent to 522.5 million dollars driven by a positive comparable retail sales increase of 9.5 percent and approximately 5 million dollars due to the new revenue recognition rules, partially offset […]

L Brands, Inc. reported net sales of 1.596 billion dollars for the four weeks ended December 1, 2018, compared to net sales of 1.267 billion dollars for the four weeks ended November 25, 2017. Comparable sales for the period increased 9 percent. The company’s net sales for the 43 weeks were 9.980 billion […]

VF Corporation has announced that Kontoor Brands, Inc. will be the name of the independent, publicly traded company that will result from its previously announced separation of VF’s Jeanswear organization. “This is an exciting next step in our work to establish our jeanswear organization as an independent, […]

Ted Baker has announced a 0.2 percent or 0.4 percent constant currency decrease in group revenue for the 16 week period from August 11, 2018 to December 1, 2018, compared to the same period last year. Meanwhile, the company said that it has appointed Herbert Smith Freehills LLP, an independent law firm, […]

CEO INTERVIEW Struggling fashion retailer Esprit has unveiled an ambitious plan to counter years of revenue decline last week. But will it succeed in finding a new place on the market, after what the company itself defined as years of “brand inconsistency”? Chief Executive Officer Anders Kristiansen, […]

In its interim trading update for the 26 weeks to November 25, 2018, British lifestyle brand Joules said that revenue for the period increased by 17.6 percent to 113.1 million pounds (143.7 million dollars). Given this sales performance, the board anticipates announcing a level of underlying profit […]

Alpargatas S.A. has announced the completion of 21.8 percent stake in ASAIC comprising the Topper brand in Argentina to Carlos Roberto Wizard Martins. The company said in a statement that the aforementioned interest was adjusted based on foreign exchange variation, and that it has received the first […]

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