Private equity firm L Catterton and Chinese e-commerce giant announced a strategic partnership with Chinese online platform Secoo Holding Limited yesterday and will invest 175 million US dollar each in one of Asia's largest online integrated upscale products and services platforms. “We are excited […]

Consolidated sales revenues at Ahlers Ag dropped by 6.5 million euros (7.6 million dollars) or 5.5 percent to 110.8 million euros (130 million dollars) in the first six months of 2017/18. However, jeans revenues generated by Pierre Cardin and Pioneer Authentic Jeans, Ahlers said, increased by 2.8 and […]

In its first quarter update, Burberry Group Plc said, that the company witnessed a solid performance in retail in a period of transition, with comparable sales increase of 3 percent. Retail revenues in the quarter increased 3 percent CER to 479 million pounds (635.5 million dollars). Hover over the […]

For the second quarter ended May 27, 2018, Levi Strauss & Co. reported net revenues growth of 17 percent on a reported basis and 13 percent excluding 35 million dollars in favourable currency translation effects, driven by broad-based Levi's brand growth in all regions and channels. On a reported basis, […]

Caleres has said through a statement that it acquired a controlling interest in Blowfish Malibu, which had trailing 12-month revenue of approximately 27 million dollars. The company added that Blowfish Malibu footwear collection is curated to reflect the fresh, laid-back aesthetic that defines the California […]

Fashion start-up Thr3efold, which aims to connect fashion brands to ethical factories around the world, has launched a crowdfunding campaign with iFundWomen to seek funding to help develop the technology platform. Thr3efold, with its “be more ethical and sustainable” message, is looking to raise 18,000 […]

Luxury Italian jeweller Bulgari is to expand its Hotel and Resorts division, which to date counts six locations in its portfolio. The company, which is part of the LVMH group of brands, is planning to open 15 new hotels including Paris in 2020, Moscow 2021 and Tokyo 2022. Bulgari's CEO Jean-Christophe […]

ANALISISThe department store revealed Monday that a third party gained access to accounts on and using valid usernames and passwords between April 26 and June 12. Macy’s said that “a small number” of its customers were affected by the breach although didn’t specify how many […]

Several fashion retailers have announced artificial intelligence projects recently, including Marks & Spencer, Net-a-Porter, and House of Fraser. The latest -- and perhaps largest -- of AI endeavors in the realm of fashion was launched last week by China’s e-commerce giant Alibaba, which opened an AI […]

Tmall’s fashion unit and global intimate apparel conference trade organiser Eurovet have entered an agreement to help underwear and swimwear companies sell in China. According to Chinese trade publications, both parties signed a memorandum of understanding in Paris on Saturday, pledging to “leverage […]

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