Luxury Ventures, the investment arm of LVMH, has acquired a stake in Madhappy, a Los Angeles-based streetwear label founded in 2017 by brothers Noah and Peiman Raf and partners Mason Spector and Joshua Sitt. The collection features basic items such as unisex sweats and t-shirts, designed around its […]

ANALYSISNew York – Fast Retailing Co Ltd (9983.T) on Thursday booked record profit for a third consecutive year on strong sales at its Uniqlo stores in China, and forecast further growth in the current year albeit dented by a boycott of Japanese goods in South Korea. Operating profit climbed 9 percent […]

ANALYSISNew York – GU, the most experimental and elegant of Fast Retailing’s brand portfolio, has become one of the growth engines of the Japanese group on its own merits. Often referred to as the cheap Fast Retailing brand - which also owns UNIQLO, Theory and Comptoir des Cottoniers -, GU has become […]

ANALYSIS New York – European shares rose on Thursday as early signs of positive progress in U.S.-China trade talks emerged and hints of a potential Brexit deal cheered up retail stocks. Investors were hopeful on Thursday after U.S. President Donald Trump tweeted he would meet Chinese Vice Premier Liu […]

New York – U.S. fashion retailer JackRabbit has announced it has acquired retail sporting goods company Olympia Sports. JackRabbit, part of CriticalPoint Capital (CPC) portfolio, has secured a deal that covered certain assets and liabilities, including the online presence and the Olympia Sports brand. […]

35 milion pounds of fashion and textile exports from the UK will be subject to new tariffs next week. To put this in perspective, figures form the UK Fashion and Textile Association (UKFT) show approximately 23 percent of exports from British luxury brands in 2017 were shipped to America. The 25 percent […]

During the graduation ceremony of TMO Fashion Business School on September 27, the INretail Award was given to the highest-rated TMO thesis and graduation internship of the past semester. The prize was awarded to student Lisan Bakker Kleve. She did her graduate internship at Wehkamp and did her research […]

For the year ended August 31, 2019, Fast Retailing Co. Ltd., parent of Uniqlo brand announced consolidated revenues of 2.2905 trillion yen, up 7.5 percent and operating profit of 257.6 billion yen, up 9.1 percent on the prior year. The company said in a statement that this impressive performance was […]

H&M has become the majority owner of re-commerce platform Sellpy after reinvesting in the company and bringing its overall stake to approximately 70 percent. The move aims to support Sellpy’s international growth while also supporting H&M Group’s “strategic work to become fully circular,” the Swedish […]

LVMH Moët Hennessy Louis Vuitton recorded a 16 percent increase in revenue, to 38.4 billion euros (42 billion dollars) in the first nine months of 2019, while the company said in a statement that organic revenue grew 11 percent compared to the same period of 2018. In the third quarter, revenue was up […]

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