The Hermès Group’s consolidated revenue for 2018 amounted to 5,966 million euros (6,814 million dollars), up 10.4 percent at constant exchange and 7.5 percent at current exchange rates, while the company said, recurring operating income increased 6 percent to 2,045 million euros (2,335 million dollars) […]

For its fourth quarter, Guess, Inc. recorded total net revenue increase of 5.7 percent to 837.1 million dollars, while in constant currency, the company said, net revenue increased by 9.5 percent. Fourth quarter GAAP net earnings of 23.2 million dollars, a 2,134 percent increase compared to 1 million […]

Global investment firm Eurazeo no longer holds any Moncler shares. The company has sold its remaining shares of Moncler S.p.A, which represented approximately 4.8 percent of the company’s share capital and voting rights, for a total of 445 million euros. Eurazeo acquired a 45 percent stake in Moncler […]

1.49 billion euros: that’s how much the European Commission has fined Google for breaching EU antitrust rules one more time. According to the Commission, Google forced its AdSense clients to sign contracts prohibiting them from accepting advertising from rival search engines. Commenting on the fine, […]

While chalking out a three-year strategic plan to deliver 2021 adjusted earnings per share in the range of 2.65 dollars to 2.75 dollars, DSW Inc. has also changed it corporate name to Designer Brands Inc. The company now plans to focus on building exclusive brands and products for DSW and The Shoe Company […]

Danish shoe brand Ecco reported net sales of 1.31 billion euros (1.49 billion dollars) and profit before tax of 201 million euros (228 million dollars) in 2018 compared to 1.28 billion euros and 184 million euros respectively, in 2017. "It is very satisfactory for the employees to see all their hard […]

Austrian fiber firm Lenzing and Belgian chemical group Solvay have partnered up to launch a new sustainable fabric combining Tencel’s lyocell fibers and Amni Soul Eco, a biodegradable polyamide. The two companies said in a joint statement that the new fabric is designed to “further optimize the benefits […]

Total revenue at DSW Inc. increased 13.3 percent for the year to February 3, 2018 to 3.2 billion dollars, including 310 million dollars from the acquisitions of the Canadian business and Camuto Group. For the fifty-two week period, the company’s comparable sales increased by 6.1 percent compared to […]

A new wave of companies looking to make fashion more sustainable has joined Fashion for Good’s Plug and Play Accelerator program, which provides them with a twelve-week curriculum including mentorship and business development opportunities from Fashion for Good’s corporate partners C&A, Adidas, Bestseller, […]

Spanish fast fashion giant Inditex (Zara, Pull & Bear, Bershka, Stradivarius) has announced a multi-year agreement with the Massachusetts Institute of Technology (MIT) to conduct joint research on sustainability and recycling of textile materials, as well as new lines of research related to data analysis. […]

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