Rocket Internet SE in the first half of 2019 reported 32 million euros (35.3 million dollars) of consolidated revenue and a consolidated profit of 548 million euros (605 million dollars), representing 3.65 euros earnings per share compared to 1.84 per share in the first half of 2018. The company said, […]

Impacted by the group’s decision to close unprofitable stores and resize the retail store footprint which led to a year-on-year reduction in total controlled space of 14.3 percent and exceptional items totalling 1,493 million Hong Kong dollars (190.7 million dollars), Esprit Holdings Limited reported […]

Destination Maternity Corporation for its second quarter reported net sales decrease of 11.9 percent to 84.9 million dollars, negatively impacted by the net closure of 6 owned locations and 55 leased locations as well as a 10.5 percent decrease in comparable sales, which included an 11.9 percent decrease […]

Marcolin Group will continue designing, producing and distributing Emilio Pucci-branded eyewear through 2024. The two parties have renewed their licensing agreement for five more years. Emilio Pucci sunglasses have been exclusively produced and distributed by Marcolin Group since 2015. The eyewear company […]

REPORT While the garment industry worldwide is by now well aware of what transpired on 24th April 2013 when the Rana Plaza building in Bangladesh collapsed, killing 1,134 workers in the five garment factories it housed and injuring 2,500, few are aware of Pakistan’s worst industrial disaster that occurred […]

Waste2Wear, the Dutch company that makes fabrics out of recycled plastic bottles, has presented the world’s first collection of recycled ocean plastic fabrics that is fully traceable using blockchain technology at the international textile fair Première Vision, taking place from 17th to 19th September […]

In the third quarter of 2019, from June 1, 2019 to August 31, 2019, the Hennes & Mauritz AB (H&M) group’s net sales increased by 12 percent and amounted to 62,572 million Swedish krona (6,515 million dollars), while in local currencies, the company said, net sales increased by 8 percent. The […]

The Austrian retail and real estate group Signa Holding GmbH executed a capital increase of 700 million euros (around 775 million US dollars or 622 million British pounds) by its existing shareholders last week. Moreover, its largest subsidiary Signa Prime Selection AG, as the flagship real estate company […]

New York – C&A has filed an application for an initial public offering (IPO) with the Securities and Exchange Commission of Brazil (CVM). The company's goal is to raise circa 2 billion dollars. The filing presents an expansion plan that foresees the opening of 159 new stores in Brazil, investments in […]

New York – British fashion and homeware brand Laura Ashley has appointed IMG as its new licensing partner to exclusively license the retailer in mainland China, Hong Kong and Taiwan in a bid to make up for widening losses back to the UK. “We are delighted to have appointed IMG on an exclusive basis […]

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