LVMH Moët Hennessy Louis Vuitton recorded revenue of 17.2 billion euros (18.9 billion dollars) in the first half of 2016, an increase of 3 percent. Organic revenue growth was 4 percent compared to the same period in 2015. The company said that while the American market was dynamic, Europe remains on […]

Under Armour has a new brand in the works. This fall, they will be launching a new brand called Under Armour Sportswear or UAS. In the report about the second quarter results, Under Armour chief executive Kevin Plank revealed that the company will launch UAS this fall in an effort to court new consumers. […]

REPORTUnder Armour reported 28 percent jump in net revenues in the second quarter of 2016 to one billion dollars compared with net revenues of 784 million dollars in the prior year's period. However, net income decreased 58 percent to six million compared with 15 million dollars in the prior year's […]

Reported revenue at Wolverine Worldwide for the second quarter ended June 18, 2016 was 583.7 million dollars, a decline of 7.4 percent versus the prior year. Underlying revenue declined 5.2 percent. “We delivered better-than-expected results for the second quarter,” said Blake W. Krueger, Wolverine […]

Donna Karan, once the go-to-label for dressing the modern working woman, has been sold by parent company LVMH to New York-based G-III Apparel Group Ltd for the sum of 650 million dollars. Both the Donna Karan and DKNY brands will be sold off when the transaction is completed in early 2017. Antonio Belloni, […]

One man's loss is another man's gain - in this case another woman's. In view of rising wages in China, the global garment industry is looking for cheaper production alternatives in South Asia. According to a new World Bank report titled "Stitches to Riches: Apparel Employment, Trade and Economic Development", […]

French designer Isabel Marant has sold the 51 percent of her eponymous brand to Montefiore Investment, a private equity firm. The deal has been mulled over the past couple of months, according to sources close to the matter. Terms of the deal remain undisclosed although, as reported by ‘WWD’ and citing […]

The Benetton family has strengthened its ties with the world of fashion with a significant investment in the French luxury brand Hermès and the multi-brand group L Brands, owner of Victoria's Secret. Through the family holding company, Edizione, the Benettons have recently invested a total of 106 million […]

REPORTRevenues at VF Corporation for its second quarter ended July 2, 2016, increased 1 percent to 2.4 billion dollars driven by positive results from outdoor & action sports, jeanswear and imagewear coalitions and direct-to-consumer and international businesses. Operating income on a reported basis […]

Investment in raw materials is an integral part of maintaining one’s edge in high fashion, as Chanel has proven by investing in various specialists like tanneries, a lace maker and a glove maker in France. The fashion house has now also invested in four French silk specialists, in the general Lyon area, […]

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