Under Armour, Inc. in its financial results statement for the first quarter ended March 31, 2019 said, revenue rose 2 percent or 3 percent currency neutral to 1.2 billion dollars. The company added that gross margin increased 100 basis points to 45.2 percent compared to the prior year, while net income […]

For its first quarter, Gildan Activewear Inc. reported GAAP diluted EPS of 11 cents, and adjusted diluted EPS of 16 cents. The company said, as expected, earnings were down for the quarter versus last year due to the impact on sales from lower levels of distributor restocking and higher raw material […]

In the first quarter, Hugo Boss increased currency-adjusted sales by 1 percent and 2 percent in reporting currency to 664 million euros (744 million dollars). However, the company said that in the Americas, the challenging US market and the ambitious comparison base of the prior year in particular led […]

In the first quarter, Hugo Boss increased currency-adjusted sales by 1 percent and 2 percent in reporting currency to 664 million euros (744 million dollars). However, the company said that in the Americas, the challenging US market and the ambitious comparison base of the prior year in particular led […]

VF Corporation’s board of directors have finally approved the previously announced separation of denim brands Wrangler and Lee from the company, forming a new business called Kontoor Brands. The separation will be achieved through the distribution of 100 percent of the shares of Kontoor Brands to holders […]

Canada Goose, the Canadian brand best known for its winter clothing, has opened its eighth manufacturing facility in Canada, a 115,000 square-foot factory in Montréal. 170 employees are already working there, but the new space will offer a total of 650 positions at full capacity by the end of 2020. […]

Neiman Marcus Group announced it is considering selling MyTheresa, the German luxury e-commerce it acquired in 2014. “We’ve commenced a process to explore and evaluate strategic alternatives with respect to MyTheresa”, said the company in a US Securities & Exchange filing on Monday. However, nothing […]

Chinese e-commerce giant Alibaba has settled a lawsuit over securities fraud with its shareholders. The company will pay 250 million dollars to end the lawsuit, which alleges that Alibaba failed to disclose to its shareholders threats from counterfeiting ahead of its 2014 initial public offering. Investors […]

PVH Corp, the company behind brands Tommy Hilfiger, Calvin Klein, Van Heusen and Speedo, among others, has entered into a licensing agreement with Nike for the design, sourcing, marketing and distribution of Nike-branded men’s underwear. “We are incredibly proud to be working with NIKE, as this is an […]

Sonia Rykiel, the French fashion house known for its brightly colored striped woollen outfits, is seeking a buyer, according to French newspaper Le Figaro citing a source familiar with the matter. The company, which was acquired in 2012 by First Heritage Brands, has been placed into administration while […]

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