Lisbon - Alexander Wang is in search of a company that can build him a virtual muse, as the American designer dreams of having his own influencer who he can dress and have visit the various restaurants and shops he wants to promote to fans. That’s what Wang said on Wednesday at the world's largest internet […]

Designer outlet developers McArthurGlen has announced it will invest 1 billion euros in new centres and expansions to cater for the “growing demand from shoppers and tourists” for destination shopping experiences. The company’s investment programme includes four new developments and seven centre expansions […]

German online fashion and lifestyle products startup Lesara has filed for insolvency at its headquarters in Berlin. The company’s co-founder for insolvency proceedings in self-administration for Lesara AG and logistics subsidiary Lesara Logistics at the district court of Berlin-Charlottenburg. All major […]

China's apparel group Shandong Ruyi is determined to present fierce competition to the world’s largest luxury goods group, LVMH. The Chinese fashion conglomerate’s strategy is targeting more global deals involving "affordable luxury" brands, aimed to establish the first high-end Chinese fashion empire. […]

Lisbon - "In ten years time there will be robots in our stores, what they do there exactly, how they are used, I do not know yet, but they will be there, I'm sure." That's what Daniel Grieder, CEO of Tommy Hilfiger, said on Thursday at the internet technology congress Web Summit that took place last […]

Iconix Brand Group, Inc. for the third quarter ended September 30, 2018 reported total revenue of 46.2 million dollars, a 13 percent decline as compared to the prior year quarter. For the nine months, total revenue of 145 million dollars, declined 16 percent compared to the nine months period last year. […]

ANALYSIS New York – Chinese e-commerce giant Alibaba Group Holding Ltd has registered a record 213.5 billion yuan (30.70 billion dollars) in sales during Singles' Day, it’s largest 24-hour shopping event. The 27 percent year-on-year sales increase came short of previous year’s annual growth rate of […]

ANALYSIS New York - November, 9 was a grey day for stocks traded on the main British benchmark index. In London, the FTSE 100 was down 46 at 7,094, with Burberry Group PLC (LON:BRBY) leading the retreat, after UBS cut its price target for the luxury goods firm to 2,000 pence from 2,150 pence. As reported […]

The merger of the two largest department stores in Germany, Kaufhof and Karstadt, has been approved by The Federal Cartel Office, Germany's national competition regulator, after the office decided that there were no competition concerns in light of the growing importance of online commerce for consumers. […]

In the first nine months, Aeffe SpA recorded a 35.1 percent increase in profits, reports WWD quoting figures released by the company. Earnings during the period under review reached 16.1 million euros (18.2 million dollars), compared with 11.9 million euros (13.4 million dollars) in the same period […]

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