Purple Style Labs has acquired Pernia’s Pop Up Shop. Through this acquisition, Purple Style aims at building a comprehensive omni-channel fashion platform that is predominantly focused on meeting the fashion needs of Indians in India and across the world. Purple Style Labs is a market leader in e-commerce […]

In the second quarter, currency-neutral revenues at Adidas Ag grew 4 percent, while revenues at brand Adidas were up 4 percent, driven by a high-single-digit increase in Sport Inspired. In euro terms, the company’s revenues grew 5 percent to 5.509 billion euros (6.18 billion dollars). Adidas said, net […]

New York – The South African apparel retailer Truworths International Ltd has issued a reviewed earnings forecast, lowering its core earnings. The fashion group took a 97 million pound impairment charge related to its Office shoe chain in Britain, as explained in a corporate announcement echoed by Reuters. […]

Capri Holdings Limited’s total revenue of 1.346 billion dollars increased 11.9 percent in the first quarter compared to last year, while on a constant currency basis, total revenue increased 13.8 percent. The company said, net income was 45 million dollars or 30 cents per diluted share compared to 186 […]

Wolverine World Wide, Inc. for its second quarter ended June 29, 2019 said reported revenue of 568.6 million dollars increased 0.3 percent as compared to the prior year and adjusting for currency, increased 1.1 percent. The company added that reported diluted earnings per share were 45 cents, compared […]

Nike has acquired Boston-based predictive analytics firm Celect in a move that aims to help the US sportswear giant better understand what its customers are really looking for. The tech-driven acquisition is the latest to fuel Nike’s Consumer Direct Offense strategy, which it revealed back in 2017. […]

The Lenzing Group increased revenue by 1.2 percent in the first half of 2019 to 1.09 billion euros (1.22 billion dollars). The company said, share of specialty fibers in revenue, at 48.4 percent, significantly exceeded the prior-year value of 44.1 percent. Net profit for the period decreased by 15.9 […]

Klarna, payment provider and bank, popular for its 'buy now, pay later’ services, has raised 460 million US dollars in an equity funding round to become Europe’s largest private fintech firm, valued at 5.5 billion US dollars. The Swedish finance company, which works with 130,000 merchants globally including […]

London-based start-up, Hero, which works with retailers to transform analogue retail space into “smart stores of the future”, has confirmed that it has secured 10 million US dollars in Series A funding to “accelerate” its reinvention of retail. Led by S28 Capital in San Francisco, with participation […]

UPDATENew York-based department store Barneys has filed for Chapter 11 bankruptcy protection after weeks of speculation. It has entered into an agreement with Gordon Brothers and Hilco Global, providing it with 75 million dollars of new capital to stay afloat during the proceedings. As part of the restructuring, […]

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