Rocket Internet SE, in FY 2018 reported 45 million euros (50.5 million dollars) of consolidated revenue and a consolidated profit of 196 million euros (220 million dollars), resulting in 1.28 euro earnings per share compared to 0.01 euro earnings per share in FY 2017. Commenting on the company’s full […]

Bangladesh’s safety inspection agencies are not ready to assume responsibility for the the 1,688 garment factories under the purview of the Bangladesh Accord on Fire and Building Safety, according to a report published this week by the Clean Clothes Campaign, the International Labor Rights Forum, the […]

Kering has announced the completion of the sale of its US sports and lifestyle brand Volcom. The company said in a statement that the US company, Authentic Brands Group (ABG), has purchased the intellectual property rights of Volcom, effective April 1, 2019. The current Volcom management team has acquired […]

Swedish fashion chain H&M has stated in its annual sustainability report that it has shown “strong progress” towards its goal to only use sustainable materials, as 57 percent of all materials used by H&M Group to make its products were created using recycled or other sustainably sourced fibres. Anna […]

March 2019 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group, increased by 4.5 percent year on year while total sales including online sales increased by 4.2 percent. The company said in a statement that same-store sales rose year on year in March due to a strong […]

UNIC – Italian Tanneries has acquired a quota of SprintItaly through its subsidiary Lineapelle S.r.l., which will see the association of the tanning industry owning 2 percent of Sicit’s capital. The investment of 4 million euros is part of UNIC – Italian Tanneries investment in Sicit’s circular economy, […]

When former Roberto Cavalli Creative Director Paul Surridge made an announced he was quitting his role last week, there was little signification of what was to come. Citing the company mission had altered from the job specs he was brought on to embrace, Roberto Cavalli on Friday announced it was shuttering […]

American fashion brand Charlotte Russe Holdings Corporation, which filed for Chapter 11 bankruptcy in February, has confirmed that it has successfully sold the Charlotte Russe brand and related intellectual property to YM Inc., one of North America's largest fashion houses dedicated to delivering leading-edge […]

ANALYSIS New York - Hennes and Mauritz’s first-quarter results beat expectations on profit and margin, which was argued by the retailer as proof that its turnaround strategy is working. The world’s second-largest clothing retailer reported pre-tax profit of 1.04 billion Swedish crowns for the quarter […]

For more than two years, Brexit has been a daily hot topic in the news. Ever since the UK’s ‘leave’ vote on 23 June 2016, no other topic has dominated European politics quite like Brexit. Nevertheless, there has been no real progress ever since. Theresa May once promised that “Brexit means Brexit and […]

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