Quiksilver Inc. is reportedly close to reaching a deal with its creditors. While the surfwear brand’s senior creditor, Oaktree Capital Management LP, has agreed to pay 14 million dollars in cash as well as a small percentage of the equity in the reorganised entity. Meanwhile, Sources close to the matter […]

The bankruptcy-court judge appointed to resolve American Apparel’s case on Monday approved the chapter 11 exit plan for the troubled fashion retailer, handing the company over to its bondholders and ending former Chief Executive Dov Charney’s hope of regaining control. Judge Brendan Shannon approved […]

Tour groups to Hong Kong could shrink by as much as two-thirds in the first half of this year, an industry executive said, dealing another blow to retailers and an economy facing pressure from slowing growth in China. "The drop will continue for sure. The winter has just begun," Ricky Tse, chairman […]

ANALYSISRumours about a potential sale of Lululemon Athletica have surrounded the yoga inspired apparel for months now. With the likes of Wells Fargo and Jefferies agreeing on the company’s potential for 2016, a sale good be a good option for potentially interested bidders. Analysts have speculated […]

REPORTHugo Boss has managed to increase sales and operating profit to new record levels in the past twelve months marking sixth consecutive year of growth. In the fourth quarter, the company said that strong performance in Europe drove solid top line growth, continued challenges in China and the US, […]

Los Angeles – The fashion-forward retailer has been tumultuously busy with negotiations, offers, and proposals the last couple of months. Although the Los Angeles-based chain may not take their highest bid offer yet, American Apparel can expect to see a new bid soon in recent news. In deciding which […]

REPORTThe H&M group’s sales including VAT increased by 10 percent in local currencies in December 2015 compared to the same month last year. The total number of stores amounted to 3,957 on December 31, 2015 compared to 3,537 on December 31, 2014. H & M, founded in Sweden in 1947 along with H&M brand, […]

American Apparel, Inc. has proudly announced that it has obtained unanimous approval of all voting classes to accept its reorganisation plan. This is undoubtedly a significant step forward, as it will enable the company to keep on implementing its current turnaround strategy under the existing leadership […]

REPORTIn the third quarter, Burberry delivered underlying retail sales growth of 1 percent and comparable sales were unchanged year-on-year, an improvement from negative 4 percent in the second quarter, but below internal assumptions. The company said, in what remains a challenging external environment, […]

REPORTFor the third quarter ended December 31, 2015, Richemont sales declined by 4 percent at constant exchange rates. Sales increased by 3 percent at actual rates. The company said that the jewellery segment witnessed growth across most of the regions and product categories, partly compensating weak […]

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