Sportswear giant Adidas has announced that it has completed the first tranche of its multi-year share buyback programme announced in March 2018. Between March 22, 2018, and December 4, 2018, Adidas has bought back 5.1 million shares, corresponding to 2.5 percent of the company’s share capital, for a […]

Safilo and Italian fashion brand Missoni have announced their new five-year global eyewear licensing agreements for Missoni and M Missoni, renewable at the same conditions up to 2029. The companies said in a statement that new Missoni and M Missoni eyewear collections will hit the market in January […]

While revenues at Victoria Beckham's luxury fashion label increased 17 percent to 42.5 million pounds (53.6 million dollars) in 2017 compared to 36.4 million pounds in the prior year, losses widened by 24 percent to 10.2 million pounds (12.8 million dollars) compared to 8.2 million pounds as it continued […]

Board of directors at Shoe Carnival, Inc. has authorized a new share repurchase program for up to 50 million dollars of its outstanding common stock, effective January 1, 2019. In addition, the company said in a statement that its board approved the payment of a quarterly cash dividend of 8 cents per […]

It is suspected that synthetic fibres contribute in a critical way to polluting our environment with microplastics. Now fabric manufacturers have reacted to this problem and introduced a number of new solutions to the market. Solid and insoluble synthetic polymers - i.e. plastics - that are smaller […]

The Hennes & Mauritz AB (H&M) group said that the company continued to grow globally during 2018 in a rapidly changing fashion industry. The H&M group said in a statement that sales including VAT increased by 5 percent to 244,266 million Swedish krona (26,988 million dollars) in the financial year of […]

Ralph Lauren Corporation’s board of directors has declared a regular quarterly dividend of 625 cents per share on Ralph Lauren Corporation Common Stock. The company said, this dividend is payable on January 11, 2019 to shareholders of record at the close of business on December 28, 2018. For its second […]

There's only so many independent brands left up for grabs. With Versace recently being acquired by Capri Holdings (formerly Michael Kors Ltd.), luxury brands left up for potential acquisitions are few and far between. Roberto Cavalli is a jewel that no one has acquired yet though, but Diesel founder […]

French luxury giant LVMH said Friday that it had reached agreement to buy hotel group Belmond, whose properties include the Copacabana Palace in Rio de Janeiro and Cipriani in Venice, in a transaction worth 3.2 billion USD (2.8 billion euros). LVMH said it would acquire Belmond for 25.00 USD per class […]

Souler, the influencer commerce platform and community has announced that “selected influencers” will receive stock options in the company as part of its new “Chosen Influencer” programme. The platform, which is free for approved influencers and brands, enables influencers to sell products from premium […]

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