For the full-year as well as fourth quarter ending November 30, 2016 H&M group’s sales including VAT increased by 7 percent in local currencies. The company has said in a statement that it aims to achieve a sales growth target of 10-15 percent per year and will continue its offline and online expansion […]

LVMH Moët Hennessy Louis Vuitton recorded revenue of 37.6 billion euros (40 billion dollars) in 2016, representing an increase of 5 percent over the previous year. The company’s organic revenue growth was 6 percent. In the fourth quarter, revenue increased by 9 percent compared to the same period of […]

Alibaba Group Holding’s revenue for the quarter ended December 31, 2016 was 53,248 million Chinese yuan (7,669 million dollars), an increase of 54 percent compared to the same quarter of 2015. The company said, this increase was mainly driven by the robust revenue growth of its China commerce retail […]

PVH Corporation has entered into an agreement to acquire the licensed Tommy Hilfiger men’s tailored clothing business for North America from Marcraft Clothes. PVH intends to consolidate the North America men’s tailored businesses for all of its brands under one partner, Peerless Clothing International […]

EXCLUSIVE INTERVIEWFlorence - Woolrich International’s new strategy is coming into effect step by step, just a month and half after Woolrich Inc. and Woolrich Europe announced their merger into new holding company. At the end of November, Woolrich Inc., a “Made in the USA” outdoor apparel company, and […]

EXCLUSIVE INTERVIEWFlorence - Woolrich International’s new strategy is coming into effect step by step, just a month and half after Woolrich Inc. and Woolrich Europe announced their merger into new holding company. At the end of November, Woolrich Inc., a “Made in the USA” outdoor apparel company, and […]

President Xi Jinping wowed the audience in Davos with his exaltation of globalisation, but China's real "Davos Man" may be the omnipresent and deal-hungry founder of Alibaba, Jack Ma. From his ties to US president-elect Donald Trump and his appetite for Hollywood cinema to a new partnership with the […]

The International Olympic Committee (IOC) and Alibaba founder Jack Ma announced on Thursday a partnership in which the organisers of the Olympic Games will rely on the Chinese e-commerce titan for a digital upgrade. The partnership was announced at the World Economic Forum in Davos, Switzerland, by […]

Together with the Australian government, Cotton Australia and the Better Cotton Initiative (BCI) plan to train 225,000 Pakistani cotton growers, starting with the 2017 cotton season, to achieve improved environmental, social and economic benefits in line with the Better Cotton Standard System. The partnership […]

Los Angeles - As speculated, American Apparel went through a massive round of layoffs this week. The Los Angeles-based company terminated approximately 2,400 people this past Monday, January 16. The elevated basics line confirmed earlier that there would be layoffs across the board. This new announcement […]

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