The Danish fashion industry’s total turnover amounted to 45 billion Danish krone (7.5 billion dollars) in 2017, 4 percent ahead of last year, driven by exports of 28.7 billion Danish krone (4.8 billion dollars), with Germany playing a key role in the industry’s development, reveals a recent analysis […]

LVMH Moët Hennessy Louis Vuitton reported revenue of 42.6 billion euros (52.9 billion dollars) in 2017, an increase of 13 percent over the previous year, while organic revenue growth was 12 percent. With organic revenue growth of 11 percent, LVMH said, the trend seen since the beginning of the year […]

MySale Group plc has reported that underlying EBITDA grew 80 percent to 5.5 million Australian dollars (4.4 million dollars) for the six months to December 31, 2017. Gross profit in the period increased 19 percent to 45.7 million Australian dollars (37 million dollars), while gross margin increased […]

Many women in Hollywood are joining Tarana Burke, founder of activist movement #MeToo, joining forces at the 75th Golden Globe Awards to protest gender inequality. Guests to the awards were asked to make a stand against gender discrimination by dressing entirely in black. “We now live in a culture with […]

Esprit Holdings Limited, based on its preliminary review of the unaudited results of the company for the six months ended December 31, 2017 has announced that management currently expects to record a net loss in the range of approximately 950 million Hong Kong dollars to 980 million Hong Kong dollars […]

According to the preliminary figures, consolidated earnings after taxes at Ahlers Ag for the full year were the company said below expectations at 1.9 million euros (2.3 million dollars) due to increased expenses and lower gross profit margin. The company increased its sales revenues by 5.7 percent […]

According to the preliminary results for the full year, Tod’s Group consolidated sales were 963.3 million euros (1,196.6 million dollars), down 4.1 percent from FY 2016. In the fourth quarter, the company said, sales totalled 241.1 million euros (299 million dollars); the trend was slightly negative, […]

Depop, the social shopping platform, has secured 20 million dollars in funding in a Series B funding round, which it states will assist the app’s global expansion plans. The funding round was led by Octopus Ventures, with support from TempoCap, and existing investors including Balderton, HV Holtzbrinck […]

Foot Locker, Inc. has made a strategic investment in Carbon38, picking a minority stake in the women’s luxury activewear brand. The company said in a media statement that 15 million dollars Series A funding round brings the total raised by Carbon38 to 26 million dollars since 2013. “We have admired […]

French conglomerate Kering has been named the world’s most sustainable textile, apparel and luxury goods corporation, according to the Corporate Knights’ Global 100 index unveiled at the World Economic Forum in Davos today. This marks the third consecutive year that Kering has been included in the annual […]

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