Net revenue at Lululemon Athletica for the fourth quarter ended January 29, 2017 increased 12 percent to 789.9 million dollars from 704.3 million dollars in the fourth quarter of fiscal 2015. On a constant dollar basis, net revenue increased 12 percent. For the full fiscal year net revenue increased […]

British luxury label Mulberry has announced its new Asian-focused company Mulberry Asia is set to begin trading in Hong Kong from April 3. The new company comes following a business agreement with Challice Limited and will see Mulberry Asia operate the group’s operations in Hong Kong, China and Taiwan. […]

G-III Apparel Group’s net sales for the fiscal year ended January 31, 2017 were up 1.8 percent to 2.39 billion dollars from 2.34 billion dollars in the prior year. The company reported GAAP net income for the fiscal year of 51.9 million dollars or 1.10 dollars per diluted share, compared to 114.3 million […]

In 2016, the Li Ning company’s revenue reached 8,015 million Chinese yuan (1,166 million dollars), up 13 percent from 2015. The company’s gross profit rose 16 percent to 3,705 million Chinese yuan (539 million dollars), against 3,193 million Chinese yuan (464 million dollars) in 2015. Commenting on […]

Dubai's Emaar Malls EMAA.DU, a unit of Emaar Properties EMAR.DU, said on Monday it had submitted an 800 million dollars bid for Middle Eastern online retailer Souq.com. In a bourse statement, Emaar Malls recognised that the bid has so far not been accepted by Souq.com's shareholders. It’s worth recalling […]

OrotonGroup (ASX:ORL) has announced the investment of 4.5 million Australian dollars in an online lifestyle accessory business, as part of a strategic partnership. As part of the deal Oroton will buy 30 percent of The Daily Edited (TDE) with a combination of cash and OrotonGroup shares, informed Australian […]

People for the Ethical Treatment of Animals (PETA) has purchased circa 230 shares in the Canadian luxury retailer. Although the monetary value – or the amount of shares itself – its relatively small, those 230 shares worth a total 4,000 dollars grant the animal rights activist group entrance to Canada […]

Fourth quarter revenue at PVH of 2.1 billion dollars was flat compared to the prior year period. Revenue for 2016 increased 2 percent and 4 percent on a constant currency to 8.2 billion dollars compared to the prior year. The company said, 2016 EPS exceeded guidance and on GAAP basis was 1.26 dollars […]

London - It may have been a difficult year for some, but for Jeff Bezos, CEO of online giant Amazon, it was his best year yet - at least in terms of money. No other billionaire in the world saw their fortunes increase like Bezos, who saw his net worth grow by a staggering 27.6 billion dollars - more […]

Net profit at the French luxury goods player Hermes reached 1.1 billion euros (1.2 billion dollars) in 2016, a 13 percent increase over the year ago period, AFP reports. The company said that this jump in net profit can be attributed a 14 percent increase in its leather goods and saddlery segment. The […]

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