Chinese e-commerce giant Alibaba has complained of 'misconduct' after local regulators accused the company of turning a blind eye to the sales of counterfeit goods on sites such as Taobao and Tmall. A report published by the Chinese government body SAIC (Trade and Commence) claimed that Alibaba allowed […]

ANALYSIS Swedish fashion apparel retailer Hennes & Mauritz is set to a star year: after reporting its strongest annual profit in eight years, H&M will be conquering the market in Latin America, Asia and the US. Hennes and Mauritz AB (H&M) reported Wednesday its steepest gain in annual profit since 2007. […]

REPORT In its full-year report, H&M Group said that well-received collections for all brands resulted in good sales and increased market share. The H&M Group’s sales including VAT increased in local currencies by 14 percent during the financial year ending November 30, 2014. Converted into Swedish Krona, […]

In its first trading update after going public in October 2014, Jimmy Choo has not only defied industry's fears about a slowdown in Asia but also proved that being a quoted company works well for them. Luxury shoe maker Jimmy Choo has reported a like-for-like sales increase of 5.7 percent, highlighting […]

REPORT Shares of Adidas AG gained around 4 percent in Germany after the Sports goods giant reported Friday higher sales in fiscal 2014, with both top and bottom-line reaching financial targets on an underlying basis. The company also announced a definitive deal to sell its Rockport business for 280 […]

Geneva's luxury watch show where shop owners search out such brands as Cartier and Piaget opened Monday under a cloud as the franc surged after the Swiss central bank abandoned its bid to hold down its value. The fair in Geneva, attracting only professionals, aims to draw 14,000 visitors in just four […]

China’s luxury watch market will stabilize in 2015 as the industry recovers from last year’s decline in demand from high-end customers, according to Jean-Claude Biver, head of LVMH Moet Hennessy Louis Vuitton SA’s watches business unit. “Every market that goes up needs to consolidate,” Biver said at […]

Shinsegae Group, South Korea’s largest retailer, plans to invest a record amount of 3.35 trillion won (3.1 billion dollars) in multi-shopping malls and online businesses, group officials said earlier this week. As highlighted by the ‘Korea Herald’, this sum doubles last year’s investment budget of 2.2 […]

Rivers has suffered an estimated 11 million dollars loss in just six months, delivering a blow to the earnings of its new owner, according to Australian media. The apparel group, which also owns the Katies and Millers chains, has reported a 32 percent slide in half year earnings due to the poor performance […]

Handbags and accessories retailer Coach, agreed Tuesday to acquire women's luxury footwear company Stuart Weitzman from its private-equity owner Sycamore Partners for a total consideration of 574 million dollars (377.92 million pounds), which includes 44 million dollars in (28.9 million pounds) contingent […]

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