For the year ended September 14, 2019, Primark, part of the Associated British Foods plc reported 4.2 percent rise in turnover ahead of last year at actual exchange rates and 4.1 percent ahead at constant currency, driven by increased selling space partially offset by a 2 percent decline in like-for-like […]

October 2019 same-store sales at Uniqlo Japan, part of the Fast Retailing Group, dropped 1.9 percent including online sales, while the company said in a statement that total sales including online sales decreased by 2.6 percent. Uniqlo attributed same-store sales decline in October to persistently warm […]

Struggling baby products retailer Mothercare plc is set to appoint administrators putting several jobs at risk. The company announced through a statement that notices of intent to appoint administrators to Mothercare UK and Mothercare Business Services (MBS), which provides certain services to Mothercare […]

Designer Zac Posen has shuttered his namesake fashion label House of Z, citing unable to timely find a strategic investor amid a struggling retail climate. The announcement to cease operations went into immediate effect, with Posen’s website and e-commerce platform being taken offline. The news comes […]

Eurazeo Brands, the consumer brands division of Global investment company Eurazeo, has announced the acquisition of a minority stake in Herschel Supply, the Canadian lifestyle brand best known for the Little America backpack. Herschel Supply has received a capital injection of 60 million US dollars […]

Chinese e-commerce giant Alibaba said second quarter revenue growth slowed to 40 percent on-year Friday, although net profits more than tripled thanks in part to a one-time payment from a fintech affiliate. Total revenue was 119 billion yuan (dollars 16.9 billion), with growth down from 42 percent in […]

German-based womenswear brand Escada has been sold to global private equity firm Regent. The Mittal Family, which bought the Munich-based luxury label in 2009, confirmed that it has sold the business to Regent for an undisclosed sum. Megha Mittal, chairman of Escada said in a statement: “It has been […]

Since the European Commission announced on 11th February of this year that Cambodia could possibly lose its trade status "Everything but Arms" (EBA), some 800,000 seamstresses in Cambodia have been living in fear of losing their livelihood. In a short documentary film, non-profit think-tank Mekong Future […]

ANALYSISNew York - The terrible enfant of French fashion and the Swiss group - the world’s third luxury player by capitalisation - have announced a collaboration. Richemont thus prepares himself to face an increasingly fierce competition to dominate the luxury fashion and accessories industry. At a […]

Miuccia Prada, the co-CEO and creative director of Prada, will be selling her Milan stores to the parent company of the brand, Prada SpA, for 66 million euros. The holding company in question is actually controlled by Prada Bianchi herself. The stores being sold include Prada's first ever store, which […]

Related news