Gap Inc. has unveiled plans to close Piperlime, its predominately online designer-fashion brand, by the end of April this year. Piperlime, which Gap states is its smallest brand, with less than 100 million dollars a year in sales accounting for just 1 percent of its parent company’s revenue, will see […]

In its first trading update after going public in October 2014, Jimmy Choo has not only defied industry's fears about a slowdown in Asia but also proved that being a quoted company works well for them. Luxury shoe maker Jimmy Choo has reported a like-for-like sales increase of 5.7 percent, highlighting […]

REPORT Shares of Adidas AG gained around 4 percent in Germany after the Sports goods giant reported Friday higher sales in fiscal 2014, with both top and bottom-line reaching financial targets on an underlying basis. The company also announced a definitive deal to sell its Rockport business for 280 […]

Geneva's luxury watch show where shop owners search out such brands as Cartier and Piaget opened Monday under a cloud as the franc surged after the Swiss central bank abandoned its bid to hold down its value. The fair in Geneva, attracting only professionals, aims to draw 14,000 visitors in just four […]

China’s luxury watch market will stabilize in 2015 as the industry recovers from last year’s decline in demand from high-end customers, according to Jean-Claude Biver, head of LVMH Moet Hennessy Louis Vuitton SA’s watches business unit. “Every market that goes up needs to consolidate,” Biver said at […]

Shinsegae Group, South Korea’s largest retailer, plans to invest a record amount of 3.35 trillion won (3.1 billion dollars) in multi-shopping malls and online businesses, group officials said earlier this week. As highlighted by the ‘Korea Herald’, this sum doubles last year’s investment budget of 2.2 […]

The insolvent fashion retailer will be shutting down all its stores in Canada, so by the end of this week week, 25 locations and 250 jobs will be gone, reported the CBC. In addition to 1,700 employees at its retail operations, the company has 85 at its head office and distribution centre, which will […]

Rivers has suffered an estimated 11 million dollars loss in just six months, delivering a blow to the earnings of its new owner, according to Australian media. The apparel group, which also owns the Katies and Millers chains, has reported a 32 percent slide in half year earnings due to the poor performance […]

Handbags and accessories retailer Coach, agreed Tuesday to acquire women's luxury footwear company Stuart Weitzman from its private-equity owner Sycamore Partners for a total consideration of 574 million dollars (377.92 million pounds), which includes 44 million dollars in (28.9 million pounds) contingent […]

Handbags and accessories retailer Coach is nearing a deal to buy shoe company Stuart Weitzman, according to media reports, citing people familiar with the matter. A deal could be announced as soon as this week. Coach will pay in the 600 million dollar range for the upscale shoe brand, the reports said. […]

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