ANALYSISHermès has defied all the odds by reporting a 20 percent rise in operating income to 748 million euros for the first half of 2015, despite its heavy reliance on the slowing economy of China. Likewise, half-year sales for the French luxury goods retailer also grew in Japan (+20 percent) and Europe […]

REPORT As of June 30, 2015, the Salvatore Ferragamo Group posted total revenue of 722 million euros (814.8 million dollars), registering a 10 percent increase at current exchange rates including the negative hedging effect of 23 million euros (25.9 million dollars). Revenue growth at constant exchange […]

REPORT The consolidated turnover for the first semester reached 2, 299 million euros (2,593 million dollars), an increase of 21percent at current exchange rates. Excluding consideration of the positive currency impact, the growth amounts to 9 percent. The operating income was up 20 percent and amounted […]

REPORT The Etam Group generated net sales of 645.4 million euros (727.1 million dollars) during the first half of 2015, including a positive currency effect of 38.8 million euros (43.7 million dollars) mainly due to the appreciation of the yuan against the euro. This represents an increase of 7.9 percent […]

Womesnwear group Chico’s FAS will sell its Boston Proper brand and chain as the brand’s soul is under threat of “getting lost” among the group’s other brands and business units. “I love Boston Proper,” said CEO Dave Dyer in a call with analysts on Wednesday. “It’s a great direct business, but in the […]

REPORT Billabong International announcing its full-year financial results to June 30, 2015, said turnaround accelerating with net profit after tax, including significant items and discontinued businesses (NPAT) of 4.2 million Australian dollars (2.9 million dollars) compared to a 233.7 million Australian […]

REPORT Announcing its financial results for the second quarter, Chico’s reported adjusted net income of 35.5 million dollars compared to net income of 30.1 million dollars for the thirteen weeks ended August 2, 2014. Adjusted earnings per diluted share were 0.25 dollar compared to earnings per diluted […]

Portuguese luxury fashion rental start-up Chic by Choice (CBC) has just announced the acquisition of its German competitor La Remia for an undisclosed sum. As reported in a exclusive by ‘Techcrunch’, Anna Mangold and Claudia von Boeselager, the founders of La Remia, will stay on board as advisors. CBC […]

American Apparel Inc. is reportedly seeking advisers to help put together a plan to restructure the company in bankruptcy court, according to two people with knowledge of the matter. As reported by Bloomberg early morning Wednesday, the troubled apparel retailer would have made calls in recent weeks […]

New York - No one is letting Apple have the sole monopoly on the smartwatch. Swatch's CEO Nick Hayek was quoted saying to Swiss newspaper Tages-Anzeiger "Our product is called Touch Zero One and that gives enough room for Zero Five, Zero Nine. The Touch Zero One is not the end of the progression." While […]

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