INTERACTIVE Sportswear player Nike, Inc. recorded a revenue increase of 13 percent to 9.8 billion dollars in its fourth quarter, which the company said, was driven by strong double-digit revenue growth in international markets and Nike Direct globally, and a return to growth in North America. Diluted […]

Sales including VAT increased by 2 percent to 60,463 million Swedish krona (6,738.6 million dollars) in the second quarter. Sales including VAT in the six-month period amounted to 114,017 million Swedish krona (12,707 million dollars) against 113,907 million Swedish krona (12,695 million dollars). In […]

Austrian real estate company SIGNA Group announced in a press release that it has signed the contracts for the acquisition of kika/Leiner, Austria’s second largest furniture chain. In the news release, SIGNA detailed that the acquisition includes the operative retail business, with its approximately […]

Global Brands Group’s revenue for the year to March 31, 2018, increased by 3.4 percent to 4,023 million dollars, compared to last year. The company said , this increase was offset, by Coach taking their footwear business in-house when their license expired in June 2017, and the cessation of the Quiksilver […]

Differential Brands Group Inc. has entered into a definitive purchase agreement with Global Brands Group Holding Limited (GBG), to acquire a significant part of GBG’s North American licensing business, for a purchase price of 1.38 billion dollars. GBG's North America business is comprised of licensed […]

The John Lewis Partnership has said in a statement that its half year profits before exceptional items to be close to zero this year. For the full year, the company added, there are a wide range of possible outcomes, given the market uncertainty, but it is currently assuming that profits before exceptional […]

American clothing company PVH Corp., owner of brands of such as Calvin Klein, Tommy Hilfiger, Van Heusen, Speedo and Izod announced in a news release its global participation in three important initiatives focused on accelerating the transition to a sustainable fashion industry based on circular economy […]

Hudson’s Bay Company (HBC) is said to be in talks with Austrian property and retail group Signa Holding GmbH to form a joint venture for its German retail chain Kaufhof, reports Reuters quoting sources familiar with the development. Canada-based HBC had earlier rejected Signa’s 3 billion euros (3.7 […]

Kappahl’s net sales for the third quarter amounted to 1,242 million Swedish krona (139.7 million dollars), an increase of 2.1 percent driven by the change in comparable stores of 2.7 percent; 2.6 percent negative effect of new and closed stores, and currency translation differences totalling 2 percent. […]

Burberry Group Plc has announced that Marian Murphy, wife of Dr Gerry Murphy, chairman designate and a Director of the company, purchased 5,000 ordinary shares of 0.05 pence each in the company on June 22, 2018 at a price of 21.57 pence per share or worth 107,850 pounds (1,42,597 dollars). In April, […]

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