ANALYSISChanel seems to not feel its luxury peers ‘pain due to the economic downturn in Asia. The French maison has enjoyed spectacular growth in fiscal year 2014 in terms of turnover, operating profit and operating margin. Swiss publication ‘Bilan’ has had access to the 2014 financial statements of […]

REPORT The Prada Group said, consolidated net revenues for the six months ended July 31, 2015 amounted to 1,824.4 million euros (2,065.7 million dollars), with a 4.2 percent increase, at current exchange rates, on the corresponding period in 2014. Commenting on the company’s performance, Patrizio Bertelli, […]

REPORT The H&M group’s sales including VAT increased by 1 percent in local currencies in August 2015 compared to the same month last year. In the third quarter of 2015 from June 1 to August 31, sales including VAT increased by 11 percent in local currencies compared to the corresponding quarter last […]

REPORT Lululemon Athletica for the second quarter ended August 2, 2015 said that its net revenue for the quarter increased 16 percent to 453 million dollars from 390.7 million dollars in the second quarter of fiscal 2014. Total comparable sales, which includes comparable store sales and direct to consumer, […]

Women prefer Coach Inc.’s leather handbags to those of its major rivals, but they are less impressed by their lofty price, according to a recent market research piece by J.P.Morgan. According to a survey conducted by J.P. Morgan of 500 women between the ages of 22 and 55 who have purchased a handbag […]

Versace´s IPO is advancing at steady pace. The Italian fashion house has planned its debut on the stock market for 2016, and although there is not an IPO fixed date as yet, Versace’s latest valuation comes at 1.14 billion euros. “There’s no fixed date” for an IPO, Ferraris said in a phone interview […]

Luxury and premium fashion resale marketplace Vestiaire Collective has raised 33 million euros in its latest funding round led by French investment firm Eurazeo to accelerate its European and US expansion. The new funding round, which is one of the latest in France in 2015, also includes previous Vestiaire […]

Forever 21 Inc wants to speed up its growth rate and in order to do that, it needs more money. Or so the fast fashion retailer is explaining to Wells Fargo & Co. and TPG, to whom it has turned to ask for a credit line to strengthen its productivity. As reported earlier this week by the ‘Wall Street […]

J. Crew’s parent group Chinos Intermediate Holdings has seen its rating cut down by Moody’s. The rating firm explains that "The negative outlook reflects the persistent declines in J. Crew's operating performance due to weak execution and challenging industry environment." The lower rating on J.Crew´s […]

Levi’s just recently announced its newest deal in apparel. The company decided to join forces with start-up Re/Dun to pay royalties for Levi’s secondhand garments. Re/Dun, launched in 2014 by founders Sean Barron and Jamie Mazur, gained a reputable standing as a sustainable, vintage denim brand. Teaming […]

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