Mike Ashley’s Sports Direct has called for sportswear giants Nike and Adidas to be investigated over their domination in the industry. The news comes after an article from The Sunday Times published this week said Nike would be ending supply deals with several independent retailers, stating that their […]

This Thursday, Louis Vuitton Moët Hennessy chairman and CEO Bernard Arnault will open a new Louis Vuitton factory in Johnson County, Texas. Dubbed the Louis Vuitton Rochambeau Ranch, the opening event will also be hosted by Louis Vuitton CEO Michale Burke and fellow LVMH executives. The new facility […]

Ahlers Ag has announced through a statement that the group’s third quarter revenues dropped by 5.1 percent or 2.9 million euros to 54.3 million euros (59.8 million dollars), primarily due to the discontinuation of activities. At 51.9 percent, the gross profit margin was on a par with the previous year, […]

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 […]

New York - Foot Locker (FL) is one of the financial backers of online kids clothing store Rockets of Awesome. The athletic apparel company has reportedly invested about 12.5 million dollars during a funding round last February. As highlighted by ‘Seeking Alpha’ earlier this week, as part of a strategic […]

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 […]

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