Fossil Group, Inc. has announced signing of a global licensing agreement with Bayerische Motoren Werke Aktiengesellschaft (BMW) for the design, development and distribution of BMW branded watches and smart-watches through 2023. “BMW is one of the most iconic brands in the world,” said Kosta Kartsotis, […]

Fossil Group Inc. has signed a global licensing agreement with car manufacturer BMW for the design, development and distribution of watches and smartwatches carrying the BMW brand. “BMW is one of the most iconic brands in the world”, said Kosta Kartsotis, Chairman and Chief Executive Officer of the […]

In a world where shopping experiences are influenced by digital in 75 percent of cases, digital already directly drives more than a third of all retail sales, and it further influences a much higher percentage, concludes a recent report by BRP & Windstream Enterprise. ‘Retail’s Digital Crossroads: The […]

Approximately 40 million people around the world are living in modern slavery, 71 percent of them female -- and the fashion industry is the second biggest contributor to this situation, according to the 2018 Global Slavery Index, published by nonprofit organization Walk Free Foundation. The study was […]

Burberry has come under fire after revealing it destroyed over 28. 6 million pounds (37.6 million US dollars) worth of unsold goods in the financial year 2017/2018 -- a desperate measure to avoid markdowns, which would hurt the brand’s image of luxury and exclusivity. The latest criticism has come from […]

Under Armour, Inc. revenues for second quarter ended June 30, 2018 increased 8 percent or 7 percent currency neutral to 1.2 billion dollars. Net loss for the quarter, the company said, was 96 million dollars, and excluding the impact of the restructuring plan, adjusted net loss was 34 million dollars, […]

INTERACTIVE Columbia Sportswear Company has reported net sales of 481.6 million dollars for the quarter ended June 30, 2018, an increase of 21 percent or 19 percent constant-currency. The company’s non-GAAP net sales of 474.1 million dollars increased 19 percent or 17 percent constant-currency. Second […]

ANALYSIS Consolidated revenue for the first half of 2018, Kering said in a statement, amounted to 6,431.9 million euros (7,490 million dollars), up 26.8 percent reported and 33.9 percent based on a comparable Group structure and exchange rates. The company reported 185.7 percent jump in net income, […]

ANALYSISHermès has just toasted to a great first half of the year, unveiling H1 profits circa the record earnings it generated in the same period last year. The French luxury conglomerate reported sales up by 7.2 percent to 1.46 billion euros in the three months to July, and 12 percent on a constant […]

It has been a painful week for Facebook, who’s stock price came crashing down, as shareholders responded to its slowdown in revenue growth, wiping 20 percent off the company’s value. A loss of 125 billion dollars in one day is an astronomical tragedy for any company. But it is not just investors who […]

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