The Lenzing Group revenue declined by 3.7 percent in 2018 compared with the previous year to 2.18 billion euros (2.47 billion dollars). The company said, predicted challenging market environment for standard viscose, plus less favourable exchange rates and a slight decline in sales volume were the key […]

For its second quarter, Neiman Marcus Group Ltd LLC, reported total revenues of 1.39 billion dollars, representing an increase in comparable sales of 0.7 percent from the same quarter a year ago. During the quarter, the company reported a net loss of 29 million dollars compared with net earnings of […]

Net revenues at Vera Bradley totalled 118.2 million dollars for the fourth quarter ended February 2, 2019 compared to 132 million dollars in the prior year fourth quarter. The company said, revenues were at the high end of its guidance range of 114 to 119 million dollars. The company posted net income […]

In 2018, Adidas reported currency-neutral revenue growth of 8 percent driven by a 9 percent improvement at brand Adidas, reflecting a double-digit sales increase in sport inspired as well as a high-single-digit gain in sport performance. In euro terms, the company’s revenues grew 3 percent to 21.915 […]

Zara-owner Inditex Group’s net sales rose by 3 percent in FY18 to 26.14 billion euros (29.53 billion dollars), underpinned by growth in all of the group’s geographic regions, while sales in local currencies grew 7 percent. The company said, like-for-like sales were up 4 percent and positive across all […]

As of December 31, 2018, the Salvatore Ferragamo Group reported total revenues of 1,347 million euros (1,520 million dollars), down 3.3 percent at current exchange and 1.7 percent at constant exchange rates, while revenues in 4Q 2018, the company said, registered a 3.5 percent or 1.8 percent at constant […]

In the year 2018, Aeffe Group registered sales of 346.6 million euros (391 million dollars), with a 11.2 percent increase at constant exchange and 10.9 percent at current exchange rates. Due to improvement in operating profit, in 2018 the company’s profit before taxes amounted to 28.8 million euros […]

ANALYSIS New York – The veteran jeans maker keeps advancing with its plans to return to the trading floor after more than three decades absent from the public markets. This is posed to one of the highest-profile initial public offerings (IPO) in the U.S. this year. Levi Strauss filed the paperwork for […]

ANALYSIS New York – The online fashion giants have confirmed this Monday their intention to merge their businesses and operations in China. This move, first announced in February, comes after Farfetch acquired’s luxury fashion arm, Toplife. The relationship between the two companies goes back […]

It’s official: Levi Strauss & Co will be returning to Wall Street after a hiatus of 35 years. The company announced today that it has commenced an initial public offering (IPO) of 36,666,667 shares of its Class A common stock. The price is currently expected to be between 14 US dollars and 16 US dollars […]

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