British fashion brand Missguided is planning to extend its reach in the Middle East with a franchise deal with the Azadea Group. The Azadea Group, which operates more than 50 leading international fashion and accessories concessions across the Middle East and North Africa will be responsible for extending […]

Chinese e-commerce giant Alibaba said Monday it will appoint one of its founders as head of Lazada and inject another $2 billion into Southeast Asia's leading online shopping firm, boosting its regional expansion. Alibaba, which already owns 83 percent of Lazada with two investments totalling $2 billion […]

Total revenue for the fourth quarter of fiscal 2018 at Perry Ellis International Inc was 227 million dollars, an 11.3 percent or 10.1 percent constant currency increase reflecting increases across all segments, with particular strength in men's sportswear and Nike swim. The company’s revenue for fiscal […]

Luxury group Kering is the subject of a tax probe concerning 2.5 billion euros that company is alleged to have channeled in Switzerland between 2002 and 2017 via its logistics platform LGI. France’s Médiapart reported on Friday that Kering had saved about 2.0 billion euros in taxes since 2009 including […]

CEO INTERVIEW Amsterdam - Mexx is set to embark on a new chapter. The brand officially relaunched under new ownership last week, presenting its new look and a new strategy. Leo Cantagalli, former Mexx man, has returned and stands at the helm of the company as its new Chief Executive Officer. FashionUnited […]

Ralph Lauren Corporation’s board of directors has declared a regular quarterly dividend of 0.50 dollar per share on the company’s common stock. The company said dividend is payable on April 13, 2018 to shareholders of record at the close of business on March 29, 2018. For its third quarter, the company […]

Total net sales at Zumiez for the fourth quarter increased 16.9 percent to 308.2 million dollars from 263.6 million dollars in the quarter ended January 28, 2017. Comparable sales for the 14-week period increased 7.5 percent. Total net sales for fiscal 2017 increased 10.9 percent to 927.4 million dollars […]

In 2017, the Lenzing Group reported group revenue growth of 5.9 percent to 2.26 billion euros (2.80 billion dollars). Group EBITDA improved by 17.3 percent to 502.5 million euros (621.5 million dollars) and the corresponding EBITDA margin rose to 22.2 percent. EBIT for the year increased by 25.2 percent […]

Mavi Giyim Sanayi ve Ticaret A.Ş. recorded double-digit revenue growth across all channels and categories, and in its home market Turkey and abroad. Compared to the same period last year, consolidated revenue increased by 36 percent to 1,782 million Turkish lira (457.6 million dollars), while EBITDA […]

In the first quarter of 2018, from December 1, 2017 to February 28, 2018, the H&M group said that sales including VAT remained unchanged in local currencies compared to the first quarter the previous year. Converted into SEK, sales amounted to 53,554 million Swedish krona (6,544 million dollars) compared […]