Kinnevik has announced that its net asset value (NAV) increased by 6 percent to 89 billion Swedish krona (9.5 billion dollars) or 323 Swedish krona (34.6 dollars) per share, in the second quarter, supported mainly by the positive development in the share prices of Zalando and Tele2. The value of the […]

Second quarter sales at Skechers USA, Inc., the company said, grew 10.9 percent as a result of a 19.8 percent increase in the company’s international business and 1.5 percent in its domestic business. On a constant currency basis, sales increased 13.7 percent. Earnings from operations increased 29.7 […]

ANALYSIS New York –On Thursday, Asos Plc (ASOS.L) said in an unscheduled announcement that it expected full-year profits to be up to 45 percent lower than what the City expected. This is the third time I the year to date that the online fashion retailer has issued a profits warning. Over the past eight […]

After a successful trial in Canada, Instagram has hidden ‘likes’ on its platform in Australia, Brazil, New Zealand, Japan, Ireland and Italy. According to Instagram’s parent company, Facebook, the aim of the trial is to verify whether the absence of likes “reduces pressure” on users, following criticism […]

New York – India’s Ritu Kumar, a fashion house which owns three designer labels, announced earlier this week it’s looking to raise up to 20 million dollars. The new funding will go to scale up its casual contemporary women’s wear brand Label. Additionally, the fashion company is looking into expanding […]

Sales at Compagnie Financière Richemont SA for the first quarter increased by 12 percent at actual exchange and 9 percent at constant exchange to 3,740 million euros (4,202 million dollars) compared to the prior year period. The company said in a statement that excluding online distributors, sales rose […]

For the quarter to June 30, 2019, eBay Inc. reported revenue of of 2.7 billion dollars, up 2 percent on reported basis and 4 percent on a foreign exchange (FX) neutral basis, which the company said was primarily driven by gross merchandise volume (GMV) of 22.6 billion dollars, down 4 percent on reported […]

“Circularity” is replacing “sustainability” as the buzzword in the fashion industry. After all, it doesn’t suffice for companies to rethink the materials and energy used to produce their clothing, they should also take responsibility for the entire life cycle of the product. With this idea in mind, […]

Vision Investment Co. LLC, the Dubai-based investment vehicle of millionaire Hussain Sajwani, owner of real estate developer Damac Properties Group, will acquire Italian luxury fashion brand Roberto Cavalli. This ends weeks of speculation that saw several potential buyers, among them German fashion […]

In June, brands, retailers and innovative companies have shown that sustainability is no longer just a buzzword but is becoming an everyday reality. It is heartening to see that many denim companies are looking for environmentally friendly solutions and that brands are setting sustainable goals for […]

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