First quarter revenues at Kering totalled 3,573.5 million euros (3,912 million dollars), up 31.2 percent as reported and 28.6 percent on a comparable basis. The company said, revenue generated by luxury activities totalled 2,417.1 million euros (2,646 million dollars), up by 34 percent reported and […]

Puma's sales growth continued in the first quarter of 2017 with the company reporting an increase of 15.4 percent currency-adjusted or 18 percent reported to 1,005.1 million euros (1,093 million dollars). Net earnings improved by 92.2 percent to 49.6 million euros (53.9 million dollars) and earnings […]

​ London - One of the biggest deals within the fashion industry is set to take place this year as luxury giant LVMH announced plans to buy fashion house Christian Dior for a 12.1 billion euros (10 billion pounds) and Christian Dior Couture for 6.5 billion euros (5.52 billion pounds). The deal, announced […]

Accessories brand Furla has confirmed that it is to buy back the Australian distribution network from its distributor, Luxury Retail Group. Furla has acquired 100 percent of the distribution network, as part of its ongoing vision to “further strengthen” its position in Australia and New Zealand. As […]

EXCLUSIVE CASE STUDY

ANALYSISProfitable farms, higher demand from local apparel producers and retailers, higher consumer’s confidence levels and a profitability rebound based on growing margins are the main reasons why wool and cotton fibres are enjoying historic highs. Thus, while the price of wool has risen to its highest […]

Burberry has reported retail sales growth of 3 percent underlying and 19 percent at reported FX to 1,268 million pounds (1,625 million dollars) for the period ended March 31, 2017. Comparable sales rose 3 percent for the second half. “In an uncertain environment, we continue to take action to strengthen […]

The H&M group’s sales including VAT during March 1 to March 28, 2017 increased by 7 percent in local currencies compared to the same period last year. For the whole month of March, sales increased by 6 percent compared to the same month last year. The company said, sales in March, April and May should […]

Coveted Italian fashion house Roberto Cavalli saw its revenues decline 13.6 percent in 2016 to 155 million euros (164 million dollars), Reuters reports. The company reported loss before interest, tax, depreciation and amortisation of 26 million euros (27.6 million dollars) and said that the restructuring […]

Consolidated operating profit for the first half of fiscal 2017 expanded 31.5 percent to 130.6 billion yen (1.19 billion dollars) at the Fast Retailing Group. Revenue increased 0.6 percent year on year to 1.0175 trillion yen. Revenue at Uniqlo Japan increased by 0.3 percent to 455.1 billion yen (4.1 […]

Related news

MORE NEWS

 

LATEST JOBS

 

MOST READ