ANALYSIS The thing about bubbles is, they inevitably burst. Some last a long time, like the dot-com bubble from 1994 to 2000, which saw internet-based companies peak, then crash, in March 2000, with even Amazon and eBay finding themselves in negative waters. But more often than not bubbles burst as […]

Consolidated revenue at Kering for the first half of 2019 amounted to 7,638.4 million euros (8509.7 million dollars), an increase of 18.8 percent as reported and 15.3 percent based on a comparable group structure and exchange rates. However, the luxury conglomerate’s star brand Gucci registered 19.8 […]

In 2017 when Giorgio Armani announced it would shutter its Armani Collezioni and Armani Jeans brands as part of a new distribution strategy, the company said it was prepared to see losses. Those losses have incremented to 10 percent year on year, as the Armani Group this week announced revenue fell […]

Sports apparel giant Nike is reportedly exploring the sale of its surfwear brand Hurley International. A sale of Hurley is one of the options that Nike is considering for the Costa Mesa, California-born brand, Reuters reported, citing people familiar with the matter. Nike did not disclose the amount […]

For the second quarter, Columbia Sportswear Company said, net sales increased 9 percent or 11 percent constant-currency to 526.2 million dollars from the comparable period in 2018. The company’s net income increased 137 percent to 23 million dollars or 34 cents per diluted share, from 9.7 million dollars […]

The troubled Sonia Rykiel French fashion house -- that once symbolised the rebellious spirit of Paris in 1968 -- on Thursday went into liquidation. A Paris court ordered the winding up of the loss-making brand founded by the "Queen of Knits" Rykiel, an icon of 1960s revolt against the fashion establishment. […]

Kering reported its net profit for H1 increased on Thursday. Compared with the same period last year, revenues surged by 19 percent. The company's net profit for H1 was 1,556.1 million euros, grew from 1,262.2 million euros a year earlier. Furthermore, revenues grew to 7,638.4 million euros. Kering […]

EXCLUSIVE Italian group OTB has increased its stake from 51 percent to 70 percent in Viktor&Rolf. The company said that the remaining 30 percent will be equally split between the two Dutch designers Viktor Horsting and Rolf Snoeren, who founded by the label in 1993 and joined the OTB group in 2008. […]

In the second quarter of 2019, SMCP, the parent company of Sandro, Maje and Claudie Pierlot said consolidated sales reached 265.7 million euros (295.7 million dollars), up 8.9 percent at constant currency, while the company said, reported sales stood at 10.1 percent, including a positive currency impact […]

Even though the trade dispute between the United States and China has moved away from escalation and towards reconciliation since the G20 meeting in June in Osaka, the consequences of this already year-long exchange of blows between two big players in the international cotton industry are clearly noticeable […]

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