After Lanvin, Fosun International has successfully completed acquisition of the majority of shares in Wolford AG, the latter has announced. Following the acquisition of 50.87 percent of the shares from the previous majority shareholders, Fosun Industrial Holdings Limited, a group controlled by Chinese […]

“We have real earnings growth coupled with a royal wedding and two bank holidays around the corner. Maybe with the right weather, the combination of these factors could be just the boost retailers have been hoping for,” says the head of retail and wholesale at BDO, Sophie Michael, in a recent report. […]

In the first quarter of 2018 Moncler recorded revenues of 332 million euros (397 million dollars), an increase of 20 percent at current exchange rates compared to revenues of 276.2 million euros (330.4 million dollars) in the same period of 2017, and an increase of 28 percent at constant exchange rates. […]

Turkish retailers DeFacto and Beymen have been forced to cancel their respective initial public offerings of shares (IPOs) due to high volatility in emerging markets. In a statement to the Istanbul stock exchange issued on May 4, DeFacto’s board announced it “will evaluate the transaction in the future.” […]

A recent study has revealed that online activity rises significantly during the Muslim holiday of Ramadan, exponentially growing the time consumers spend on social media or shopping on e-commerce sites. According to a recent Facebook research, over 86 percent of Facebook users celebrate Ramadan, giving […]

Sustainability certifications often fail to acknowledge all stages of the product life cycle and thereby mislead consumers into thinking brands are “greener” than they are, according to claims made in a report by the Changing Markets Foundation (CMF) released this week. Entitled “The False Promise of […]

For the first quarter of 2018, Iconix Brand Group, Inc. reported total revenue of 48.5 million dollars, a 17 percent decline compared to 58.7 million dollars in the prior year quarter. Adoption of the new revenue recognition accounting standard decreased Q1 revenue by approximately 1.9 million dollars […]

VF Corporation, reporting its financial results for three-month transition period ended March 31, 2018, said revenue increased 22 percent or 17 percent currency neutral to 3 billion dollars, including a 233 million dollars revenue contribution from the Williamson-Dickie acquisition. Excluding the Williamson-Dickie […]

At the annual shareholders’ meeting held yesterday, a proposal of Hugo Boss's managing board and supervisory board to pay out a dividend of 2.65 euros (3.17 dollars) per share was approved. This compares to 2.60 euros (3.11 dollars) paid in 2016. The company said, this dividend corresponds to a payout […]

Board of directors of Wolverine Worldwide, Inc. has declared a quarterly cash dividend of 0.08 dollar per share of common stock. The company said that this dividend is payable on August 1, 2018, to stockholders of record on July 2, 2018 and is equal to the last quarterly dividend and reflects an indicated […]

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