British department store Liberty is looking to raise brand awareness in China with a two-week offline exhibition in partnership with Secoo, a leading online luxury retailer in China. The ‘Meet Spring, Meet Liberty’ exhibition in Beijing kicked off on March 8 and aims to allow Chinese consumers to experience […]

British fashion and lifestyle brand Ted Baker has entered into new territory license deals in the Middle East and North Africa and Indonesian as it looks to enhance its digital and asset-light growth. In the Middle East and North Africa, Ted Baker has extended its current agreement with the Al-Futtaim […]

Seoul - South Korean e-commerce giant Coupang has raised 4.2 billion dollars in its initial public offering that makes it the biggest listing in the United States so far this year. The Seoul-based firm, backed by Japan’s SoftBank, has shaken up the South Korean retail sector since launching 11 years […]

Revenues at Lenzing declined by 22.4 percent to 1.63 billion euros in 2020. The company said, earnings development essentially reflects the decline in revenue, but was supported by measures for structural earnings improvements in all regions. EBITDA fell by 39.9 percent to 196.6 million euros and the […]

In the fourth quarter of 2020, currency-adjusted sales for Hugo Boss decreased by 26 percent, corresponding to a sales decline of 29 percent in group currency to 583 million euros. The company said in a statement that despite the significant sales decrease, Hugo Boss was able to record a positive EBIT […]

Adidas has introduced a new strategy ‘Own the Game’ to strengthen the credibility of the Adidas brand, to create a unique consumer experience and to continue to expand the company’s activities in the area of sustainability. The new strategy is designed to significantly increase sales and profitability […]

Leading luxury pureplayer Net-a-Porter has launched a localised site and app for the Middle Eastern market. The dual-language site will be available in both Arabic and English and will encompass local editorial content and product curation. Customers can shop curated edits in local currencies, as well […]

CEO-INTERVIEW Giny Boer took up her new role at the helm of apparel giant C&A Europe in January. She is the first female CEO in a company where 90 percent of employees are women and 80 percent of stores are already managed by women. At the top management level, the percentage of women is comparatively […]

Next has snapped up a 25 percent stake in upmarket British brand Reiss. As part of the deal, Reiss's websites and online operations will be contracted to Next through Next's Total Platform, which will provide warehousing and distribution services for Reiss's retail, franchise, wholesale and concession […]

In the fourth quarter, Adidas recorded sales growth of 1 percent on a currency-neutral, while sales were down 5 percent to 5.548 billion euros in euro terms. The company witnessed e-commerce growth of 43 percent. The company added that strong sell-through of the company’s products is also reflected […]

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