In the first half of 2019, Aeffe Spa reported consolidated revenues of 173.3 million euros (193.2 million dollars), a 1.3 percent increase at current exchange and 1 percent at constant exchange rates. The company said, revenues of the prêt-à-porter division amounted to 132.2 million euros (147.4 million […]

Luxury handbag maker Mulberry has taken full ownership of its Korean business, having a bought a 40 percent stake in Mulberry Korea from its local partner, SHK. Mulberry now owns 100 percent of the company, in which it has made an additional investment of 1.3 million pounds. In August 2018 Mulberry […]

H&M Hennes & Mauritz issued a recall for children's pajamas as they could pose burn injury risk. According to the U.S. Consumer Product Safety Commission, the Sweden-based fashion retailer is recalling about 9,000 units of children's pajama sets for not meeting the federal flammability standard for […]

ANALYSIS The thing about bubbles is, they inevitably burst. Some last a long time, like the dot-com bubble from 1994 to 2000, which saw internet-based companies peak, then crash, in March 2000, with even Amazon and eBay finding themselves in negative waters. But more often than not bubbles burst as […]

Consolidated revenue at Kering for the first half of 2019 amounted to 7,638.4 million euros (8509.7 million dollars), an increase of 18.8 percent as reported and 15.3 percent based on a comparable group structure and exchange rates. However, the luxury conglomerate’s star brand Gucci registered 19.8 […]

In 2017 when Giorgio Armani announced it would shutter its Armani Collezioni and Armani Jeans brands as part of a new distribution strategy, the company said it was prepared to see losses. Those losses have incremented to 10 percent year on year, as the Armani Group this week announced revenue fell […]

Sports apparel giant Nike is reportedly exploring the sale of its surfwear brand Hurley International. A sale of Hurley is one of the options that Nike is considering for the Costa Mesa, California-born brand, Reuters reported, citing people familiar with the matter. Nike did not disclose the amount […]

For the second quarter, Columbia Sportswear Company said, net sales increased 9 percent or 11 percent constant-currency to 526.2 million dollars from the comparable period in 2018. The company’s net income increased 137 percent to 23 million dollars or 34 cents per diluted share, from 9.7 million dollars […]

The troubled Sonia Rykiel French fashion house -- that once symbolised the rebellious spirit of Paris in 1968 -- on Thursday went into liquidation. A Paris court ordered the winding up of the loss-making brand founded by the "Queen of Knits" Rykiel, an icon of 1960s revolt against the fashion establishment. […]

Kering reported its net profit for H1 increased on Thursday. Compared with the same period last year, revenues surged by 19 percent. The company's net profit for H1 was 1,556.1 million euros, grew from 1,262.2 million euros a year earlier. Furthermore, revenues grew to 7,638.4 million euros. Kering […]

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