ANALISISBurberry’s first sales update after the company’s CEO Marco Gobbetti's announced an overhaul that will see the brand ‘upgraded’ to focus on higher-end shoppers are posed to be positive, according to the City. Barclays predicts the firm will post a 3 percent rise in like-for-like sales in the […]

Sunday was a sad day in Vancouver, as the last remaining Sears department store closed its doors for good. Sears Canada declared bankruptcy last year and announced in the fall that it would liquidate its remaining stores. Sunday was to be the company’s final day of sales. Although the discounts began […]

The billionaire family that owns Dutch clothing retailer C&A is on the brink of selling the chain to Chinese investors, a German media report said Sunday. The deal is close to being finalised, Der Spiegel weekly said, citing "insider sources". C&A, founded in the Netherlands in 1841 by the German-Dutch […]

Chinese gaming and social media titan Tencent has raised $5 billion in a bond issue which attracted orders totalling more than 41 billion US-dollars for its biggest dollar-denominated sale so far, Bloomberg reported Friday. The group, known for its wildly popular "Honour of Kings" video game and ubiquitous […]

INTERACTIVE London - Shares in luxury conglomerate Kering rose to new record heights on Friday following news the group is set to spin off leading German sportswear brand Puma. Kering announced late Thursday evening that it aimed to distribute 70 percent of its shares in Puma to its shareholders, thereby […]

The annual McKinsey & Company State of Fashion 2018 report shows fashion sales across the world will grow in the coming year, and will be more sustainable than 2017. The figures show an average growth of between 3.5 and 4.5 [percent (+ 4 or 5 percent for the luxury segment) for a total sales volume […]

The Fast Retailing Group has announced that the company generated rises in both revenue and profit in the first quarter of fiscal 2018, or the three months from September 1, 2017 to November 30, 2017. Consolidated revenue totalled 617 billion Japanese yen (5.5 billion dollars), representing a rise on […]

Brunello Cucinelli, the Italian fashion businessman behind the eponymous high-end label, has sold a 6 percent stake in the fashion company and raised about 100 million euros for his family’s charitable foundation. Through his company Fedone Srl, Brunello Cucinelli sold on Tuesday more than four million […]

Luxury group Kering has announced that its board of directors unanimously propose to submit to its shareholders the project to distribute in kind around 70 percent of Puma shares outstanding, out of the 86.3 percent currently owned by the group. It was earlier speculated that the French conglomerate […]

The battle between Puma and Philipp Plein is on. Puma recently won an injunction to stop Philipp Plein from using a leaping tiger logo that they say is too similar to its leaping Puma logo. "At the end of 2017, we found out that he had started the new Plein-Sport line in which he reproduced this particular […]

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