New York – The lower-middle market specialised private equity firm Brand Velocity Partners (BVP) announced on Tuesday it has acquired Original Footwear Inc. for an undisclosed sum. Investing alongside BVP in Original Footwear were BPEA, a Boston-based private equity firm, Pinnacle Financial Partners, […]

H&M is growing its global presence. The Swedish fashion brand, which is already available in 74 store markets and 51 online markets around the world, will launch in Central America later this year. Through a new franchise agreement with Hola Moda S.A., a new H&M store will open in Panama at the end […]

Total sales at John Lewis for the week to January 18, 2020, were down 2.8 percent as customers shopped the final week of clearance. The company said in a statement that fashion sales were down 2.8 percent overall, again due to lines sold through in clearance but sales of menswear were up 7.3 percent […]

For the 26 weeks to November 24, 2019, Joules Group plc said revenue decreased by 1.4 percent to 111.6 million pounds (145 million dollars). The company said in a statement that retail revenue in the period was impacted by the timing of the Black Friday trading period, which fell in H2 in FY20 but in […]

Hugo Boss Ag, for its fourth quarter reported currency-adjusted group sales increase of 4 percent or 5 percent in reported currency to 825 million euros (915.5 million dollars) on a preliminary basis. Hugo Boss sales, on a preliminary, non-audited basis, reached 2,884 million euros (3,200 million dollars), […]

Jewellery brand Pandora has announced that it is setting up a new digital group to drive digital innovation and deliver seamless customer experiences online and offline, as it continues to push forward with its relaunch. The new dedicated digital group will be based in the jewellery brand’s Copenhagen […]

Online women’s fashion brand Sosandar PLC, for the three months ended 31 December 2019, said that the company witnessed strong trading performance in autumn continuing into winter with net revenues in each month exceeding 1.2 million pounds (1.5 million dollars). The company added revenue for the period […]

REPL, a retail tech firm that helps companies in all areas from supply chain to customer experience, calls two very different retail markets homes: the US and the UK. REPL has been around for 12 years, and works with every form of retail from fast-fashion brands to department stores and grocery stores. […]

Gap has announced that the company no longer plans to separate Old Navy into a standalone public company. “The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands,” said Robert Fisher, Gap Inc. Interim President and CEO in a statement, adding, “While the […]

For the third quarter to December 31, 2019, Compagnie Financière Richemont SA said sales progressed by 4 percent to 4,156 million euros (4,628.7 million dollars), with growth in all regions except Japan. Sales in Europe grew by 9 percent to 1,263 million euros, benefiting from favourable comparative […]

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