LVMH Moët Hennessy Louis Vuitton recorded a 16 percent increase in revenue, to 38.4 billion euros (42 billion dollars) in the first nine months of 2019, while the company said in a statement that organic revenue grew 11 percent compared to the same period of 2018. In the third quarter, revenue was up […]

Things are not looking good at Italy-based lingerie brand La Perla. The company is currently in talks to permit the suspension of 126 jobs according to the Italian Ministry of Economic Development. “The company and the unions will meet again on Friday to continue discussions and agree on the next steps […]

British jewellery retailer Links of London has fallen into administration, putting 350 jobs at risk. The London-based chain, which was founded in 1990 and operates 330 stores globally including 35 stores and concessions across the UK and Ireland, announced that it fell into administration on 8 October […]

Burberry could be hit by a 100 million pound dent in its sales in Hong Kong as a result of the ongoing clashes between protesters and police, analysts have warned. Analysts at Jefferies told The Telegraph that the short-term impact of the protests is likely to be “painful” for the British luxury brand […]

For its third quarter, Levi Strauss & Co. said net revenues grew 4 percent on a reported basis, and 5 percent on a constant-currency basis excluding 19 million dollars in unfavourable currency effects to 1.40 billion dollars. Adjusted net income decreased 5 million dollars compared to the prior […]

Swedish fashion retailer KappAhl has reported a 3 percent increase in sales to 4.9 billion Swedish Krona (403 million pounds or 449 million euros) for the year to August, while gross margin fell to 59.5 percent from 61.8 percent last year. Full-year operating profit at the company fell to 168 million […]

The media industry continues to consolidate. Just a few days after Vice Media announced it would acquire women's fashion and lifestyle publication Refinery29, Group Nine Media has made a similar announcement. The New York-based digital media holding company will acquire female-focused online magazine […]

Selfridges has reported a 6 percent increase in sales to 1.85 billion pounds for the year ending February, with the luxury department store chain crediting its investments in experiential spaces. The company’s operating profits were 170 million pounds, however, slightly down on the 175 million pounds […]

ANALYSISNew York – A recent report valued the rental subscription market at around 1 billion dollars in 2018 and forecast it grows more than 20 percent a year, reaching 2.5 billion dollars by 2023. This trend isn’t lost on traditional retailers: over the last year everyone in the industry seems to be […]

Kering Eyewear and Safilo have announced the renewal of their agreement for the manufacturing and supply of Gucci branded products. The company said in a statement that the three-year partnership will come into effect starting January 2021, providing complete continuity to the previous contract expiring […]

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