Luxury goods group Burberry reported profits before tax for the first six months ended 30 september were up 9 percent to 154.7 million pounds on revenues of 1.105 billion pounds, compared with 1.100 billion a year ago. Earnings per share rose 14 percent to 26.7 pence. Earnings per share rose 14 percent […]

The newly formed Yoox Net-a-porter Group is growing in leaps and bounds, and is on track ‘to deliver on its significant potential’, said CEO Federico Marchetti in a statement. The luxury e-commerce group, which released its financial results for the first nine months of the year for the first time since […]

American Apparel saw estimated net sales for the third quarter drop 19 percent to 126.1 million dollars (83.4 million pounds), as the company filed a report with the SEC stating that the company’s bankruptcy resulted in missing its reporting deadline for the quarter. With only preliminary results to […]

REPORTThe Tom Tailor Group said that it achieved further growth in the first nine months of 2015 despite the ongoing challenges posed by the market. The company posted sales increases in all segments, with a group-wide increase in revenues of 1.5 percent to 689.6 million euros (741 million dollars). […]

ANALYSISCie. Financière Richemont SA dragged European stocks last Friday after the Swiss luxury group missed forecasts with its latest earnings. In fact, the Geneva-based company prompted a sell off after it said net profit for the six months to September 30 rose to 1.1 billion euros, behind analysts’ […]

In spite of going through some turbulent times in the press, French luxury house Hermès has continued to thrive. Any shareholders with concerns that negative press may affect Hermès image or sales need not worry however, as the luxury fashion house has continued to defy any trend of slipping revenues […]

Sometimes reviving a fashion label is akin to flogging a dead horse. After struggling for eight years to turn German sporting goods brand Puma into a success, its parent company Kering is rumoured to be considering selling off its majority stake and shedding the brand from its portfolio. This comes […]

REPORTRalph Lauren Corporation has reported net income of 184 million dollars, or 2.13 dollars per diluted share, for the second quarter of fiscal 2016. This compared to reported net income of 201 million dollars, or 2.25 dollars per diluted share, for the second quarter of fiscal 2015. Earnings per […]

While surf brand Quiksilver is attempting to turn things around since their filing for bankruptcy, Oaktree Capital is looking to step in. The Los Angeles-based investment firm is seemingly settling up to buy Quiksilver Inc. out of bankruptcy. Quiksilver filed with the U.S. Bankruptcy Court in September […]

Italian fashion brand Fiorucci has changed hands. Lingerie expert Janie Schaffer – former CEO at Victoria´s Secret – has announced the acquisition of the brand from Japanese Itochu. As reported by ‘The Sunday Times’, the deal has been negotiated over a couple of months, with the transaction been finalised […]

Related news

MORE NEWS

 

Latest jobs

 

MOST READ