Clothing retailer Jigsaw has reported an 8 percent increase in its annual revenues to 94.7 million pounds (123 million dollars) for the year ended October 1, 2016, reports City A. M. The report further said, the sales growth was driven by 18 percent jump in UK online sales and 11 percent rise in profit […]

Luxury goods maker Coach (COH) is posting a notable gain in afternoon trading on Friday, climbing by 1.6 percent. Coach is on pace to end the session at its best closing level in over three years. The advance by shares of Coach comes after Canaccord Genuity initiated coverage of the company's stock […]

Richemont has announced in a media statement that it has completed the sale of its wholly-owned subsidiary, Shanghai Tang, on June 30, 2017 to an entity controlled by Alessandro Bastagli, an Italian entrepreneur. The company said, transaction will have no material impact on Richemont’s balance sheet, […]

For its fourth quarter and full year ended May 31, 2017, Nike said that the international geographies and the Direct-to-Consumer (DTC) businesses led strong revenue growth momentum. Diluted earnings per share for the quarter rose 22 percent to 0.60 dollar, while fiscal 2017 diluted earnings per share […]

For the second quarter, the H&M group’s sales including VAT increased by 10 percent to 59,538 million Swedish krona (6,983 million dollars). Gross profit for the quarter increased by 9 percent to 29,345 million Swedish krona (3,442 million dollars) corresponding to a gross margin of 57.1 percent against […]

Salvatore Ferragamo has published its 2016 sustainability report with deep commitment to social responsibility. “The creation of sustainable value for the future of the planet and people is a vital and positive challenge for every business,” said Ferruccio Ferragamo, President of the Salvatore Ferragamo […]

Belgian prosecutors said on June, 22 they have closed an investigation into a 2.9 billion euro capital increase in a Belgian company owned by billionaire and chief executive of LVMH (LVMH.PA) Bernard Arnault. According to the court report, prosecutors in charge of the case concluded that Arnault has […]

ANALYSISThe Chinese e-commerce giant will invest 397 million dollars in London-based Farfetch to take the British marketplace to China. The deal will see Farfetch tapping on logistics and technology resources in China, while Alibaba’s competitor gains a leg into the luxury segment. Additionally, […]

Ivanka Trump will be speaking in front of a judge in October this year as she has been forced to give a deposition in a lawsuit by the Italian shoemaker, which claims the U.S. President’s daughter’s namesake label copied its designs. Earlier this week, a federal judge ruled that Ivanka Trump will be […]

In May, Coach Inc (NYSE: COH) made a 2.4 billion dollars offer to acquire rival Kate Spade (NYSE: KATE) and now is granting the soon-to-be-acquired company an extension. Originally, Kate Spade´s stakeholders had until June,23 to decide on taking or leaving the deal. Last month, Coach filed with the […]

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