In its unaudited financial results for the quarter ended September 30, 2017, said that net revenues for the quarter were 83.7 billion Chinese yuan (12.6 billion dollars), an increase of 39.2 percent from the third quarter of 2016. Gross profit increased 50.3 percent to 13 billion Chinese yuan […]

The French luxury label, not so long ago the primary object of desire for wealthy South Korean consumers, is now falling behind the competition. Luxury brand Louis Vuitton has fallen behind its rivals in the South Korean market, with sales dipping into minus territory this year, industry data showed […]

Kappahl has said in a media release that it estimates to report operating profit for the first quarter of approximately 100 million Swedish krona (11.9 million dollars), compared to 145 million Swedish krona (17.3 million dollars) for the first quarter of 2016/2017. Commenting on the first quarter trading, […]

ANALYSISEuropean stocks fell Friday, marking their worst weekly drop in three months by rounding it off with a disappointing outlook from Richemont, rising doubts about Burberry’s upmarket aspirations and lasting concerns about tax-cut legislation in the U.S. A busy week of corporate updates spread […]

Albert Frere, a Belgian billionaire, has raised his stake in Burberry from 4 to 6 percent a day after the quintessentially British luxury retailer unveiled a plan to go further upmarket. Frere – who along with other activist investors prompted a turnaround at German sportswear maker Adidas after taking […]

While veterans were recognized in the U.S. and those fallen in the Second World War were to be remembered in Europe, in China, this November 11 was to celebrate singles. The now largest e-commerce sale day by volume closed with a new record 45 billion dollars in online shopping. Alibaba Group, during […]

Prada has signed a cooperation agreement with Italy's tax authorities according to Business of Fashion. This practice is known as cooperative compliance regime. Basically, there is an exchange of information between the company and authorities to avoid disputes and help businesses avoid tax demands. […]

In the first nine months of 2017, Aeffe’s consolidated revenues amounted to 235 million euros (273 million dollars), a 9.9 percent increase at current exchange and 10 percent at constant exchange rates. Revenues of the prêt-à-porter division amounted to 179.9 million euros (209 million dollars), up […]

Announcing its unaudited results for the six-month period, Richemont said sales increased by 10 percent at actual exchange rates and by 12 percent at constant exchange rates to 5,605 million euros (6,527 million dollars). Gross profit increased by 13 percent and there was a 190 basis point margin increase […]

Violence against women in the workplace is real and happens every day and everywhere - in factories, offices and on the shop floor. It takes many forms – from verbal harassment to physical and sexual abuse. All forms of violence are unacceptable, which is why global union federation IndustriALL has […]

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