Puma said sales grew 16.3 percent currency adjusted and 17.2 percent reported in the second quarter to 968.7 million euros (1,127 million dollars). The company said, all regions contributed with double-digit increases and while footwear continued to be the main growth driver, apparel also grew double-digit. […]

It looks like Rent The Runway isn't the only company making renting clothes popular. Australian-based GlamCorner has announced they've raised 3.3 million dollars. The investment was led by AirTree ventures, bringing their total amount of capital invested in the business to 5.5 million Australian dollars. […]

The Australian fashion chains Rhodes & Beckett and Herringbone have been sold as part of a management buyout backed by Hong Kong-based private equity firm AO Capital, taking the struggling fashion businesses out of bankruptcy. Cor Cordis, the administrators of Rhodes & Beckett, announced Tuesday that […]

Michael Kors has said in a statement that it has reached an agreement to acquire luxury footwear and accessories brand Jimmy Choo. Under the terms of the transaction, the company said, Jimmy Choo shareholders will receive 230 pence per share, with an enterprise value of 1.2 billion dollars (1.0 billion […]

The Luxottica Group said that net sales grew by 4.2 percent or 1.8 percent at constant exchange to 4,917 million euros (5,732 million dollars), in the first half of 2017, with sustained profitability for both divisions and record free cash flow generation. The adjusted net income of the group grew by […]

For its second quarter, VF Corporation (VFC) reported revenue increase of 2 percent or 3 percent currency neutral to 2.4 billion dollars. The company said that the sales rise was driven by broad-based strength across its international and direct-to-consumer platforms, outdoor & action sports coalition, […]

Business Intelligence London - The fashion industry may be an ever-changing industry, but one aspect has remained constant over the past decade - the influence of fast-fashion retailer Zara. The man behind the world’s leading fashion company Inditex, Amancio Ortega, transformed the industry’s mass-market […]

The Hermes Group's consolidated revenues amounted to 2,713 million euros (3,161 million dollars) in the first six months of 2017, up 11 percent at current exchange and 10 percent at constant exchange rates. The company said, group's stores posted an 11 percent increase in sales, in all the geographical […]

Business Intelligence It is no big secret that Amancio Ortega, the man behind fashion giant Inditex, is the richest man in the fashion industry. Currently ranked as the 4th richest man in the world, the Spaniard is worth 71.3 billion US dollars - 15.3 billion US dollars more than Mark Zuckerberg, founder […]

In its May update, Myer Holdings anticipated EBITDA growth to exceed sales growth in FY2017 and NPAT to be higher than 69.3 million Australian dollars (54.7 million dollars). However, on the back of continued weakness in retail trading conditions, particularly in July, the company now anticipates FY2017 […]

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