Announcing its results for the third quarter of FY17, Luxottica said that its net sales increased 0.8 percent at constant exchange but declined 3.5 percent at current exchange rates as a result of the strong euro appreciation against the main currencies. In the first nine months of the year, revenues […]

VF Corporation’s third quarter revenue increased 5 percent or 4 percent currency neutral to 3.5 billion dollars, which the company said was driven by broad-based strength across VF’s international and direct-to-consumer platforms, outdoor & action sports coalition, most notably Vans brand and workwear […]

British outdoor clothing brand Musto has been acquired by technical outdoor clothing company Helly Hansen for an undisclosed sum, as the Norwegian brand looks to further its ambitions to grow in the British market. Helly Hansen has acquired Musto, the British specialist sailing and country apparel brand, […]

Aldo Group has confirmed that they are not moving forward with their plans to acquire Camuto Group’s footwear and accessories business, after “both parties mutually decided not to pursue the transaction,” the Canadian footwear company said in a statement. The proposed acquisition, which was announced […]

Safilo and Rebecca Minkoff have announced their new licensing agreement for the design, manufacturing and distribution of the Rebecca Minkoff collections of sunglasses and optical frames for seven years through December 31, 2024. The company added that brand’s first sunglass collection will be launched […]

For the year ending March 31, 2017, Dr. Martens has reported a revenue increase of 25 percent or 12 percent at constant currency to 290.6 million pounds (383 million dollars) and 27 percent increase in EBITDA to 37.5 million pounds (49 million dollars). The company’s gross margin increased 32 percent […]

The Minneapolis-based start-up selling bags and other accessories, has announced it just raised 1.2 million dollars to enter the shoe business with a sneakers collection. With the new cash, raised from an undisclosed angel investor, the company is also experimenting with a pretty ambitious business […]

One in five American adults, or 53.3 million people report having disabilities, a Center for Disease Control and Prevention report states. However, among the 1.2 trillion dollars global fashion industry, wherein over 250 billion dollars are spent annually on clothes in the United States alone, brands […]

Spanish major Inditex’s subsidiary that manages online sales in Europe, reached a turnover of 1,137.94 million euros (1,343 million dollars) for the financial year ending January 31, 2017 increased 35.4 percent, reports elPeriodico. The report added that the company saw its workforce increase from 340 […]

In the third quarter 2017, consolidated sales at Puma increased currency adjusted by about 17 percent or approximately 13 percent reported to 1,122 million euros (1,325 million dollars) compared to 990 million euros (1,169 million dollars) in the third quarter last year. The operating result (EBIT) […]

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