LVMH confirmed Monday it has held preliminary talks to acquire US jeweller Tiffany & Co., reportedly valuing the company at 14.5 billion dollars. The LVMH group, which owns luxury brands Louis Vuitton, Christian Dior and Marc Jacobs, approached New York-based Tiffany earlier this month with an all-cash […]

Swiss luxury group Richemont and designer Alber Elbaz have announced a joint venture called AZfashion. Details of the new partnership have not been disclosed, but Richemont in a statement said AZfashion will be an innovative and dynamic start up, meant to turn dreams into reality.” The Swiss luxury […]

VF Corporation said, second quarter revenue increased 5 percent or 7 percent in constant dollars to 3.4 billion dollars, while on an adjusted basis, revenue increased 6 percent or 8 percent in constant dollars, driven by VF’s two largest brands, and international and direct-to-consumer platforms. Earnings […]

Amazon has reported a drop in third-quarter profit following further investment in its next-day delivery service. While net sales at the US retailer giant increased 24 percent to 70 billion euros in the third quarter compared with 56.6 billion in the third quarter of 2018, net income fell to 2.1 billion […]

Revenues at Italian luxury outerwear maker Moncler increased 12 percent at constant exchange and 14 percent at current exchange to 995.3 million euros (1,105.3 million dollars) in the first nine months of 2019. In the third quarter, the company’s revenues rose by 10 percent at constant exchange and […]

The Kering Group said that it delivered another quarter of high growth in consolidated revenue, up 14.2 percent as reported and 11.6 percent on a comparable group structure and exchange rate basis to 3,884.6 million euros (3,202.2 million dollars). The company said, growth in total revenue of Kering’s […]

Deckers Brands’ net sales increased 8 percent to 542.2 million dollars in the second quarter, while on a constant currency basis, net sales increased 9.5 percent. The company said, gross margin was 50.4 percent compared to 50.2 percent for the same period last year and diluted earnings per share were […]

After much speculation, Authentic Brands Group (ABG) announced on Thursday evening that it will acquire Barney’s New York. The global brand development company first placed a bid for the fashion company last week. ABG will acquire the Barneys New York label as well as its associated intellectual property, […]

UPDATENew York – A last-minute offer led by fashion label Kith’s investor Sam Ben-Avraham would have reportedly challenged the bid presented by Authentic Brands Group (ABG) to acquire ailing Barneys New York business. The upscale department store operator, which filed for bankruptcy in August, had been […]

Puma said in a statement that its strong sales growth continued in the third quarter of 2019 with sales increasing by 17 percent currency adjusted and 19 percent reported to 1,477.6 million euros (1,644.8 million dollars). Third quarter net earnings increased by 29.7 percent to 100.5 million euros (111.9 […]

Related news

MORE NEWS

 

Latest jobs

 

MOST READ