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Philipp Plein signs licensing agreement with Worldtime Watches & Jewelry

Philipp Plein International AG and WorldTime Watches & Jewelry SA have signed a licensing agreement for the development, production and distribution of Philipp Plein watches and jewelry. The watch collections will be officially presented in July 2021 to debut in the market starting from winter 2021 in Philipp Plein boutiques, online, and at...

4 hours ago

Business

Lindex owner Stockmann reports Q2 revenue, profit growth

Finnish fashion group Stockmann has reported a 21.4 percent increase in consolidated revenue to 228 million euros in the second quarter of the year. For the three months to June 30, the group reported an operating profit of 26.3 million euros compared to a loss of 0.4 million euros a year earlier, and an adjusted operating profit of 26.7 million...

7 hours ago

Business

Skechers Q2 sales increase 127.3 percent

Second quarter sales at Skechers increased 127.3 percent as a result of a 147.3 percent increase in domestic sales and a 113.7 percent increase in international sales. On a constant currency basis, the company’s total sales increased 117.5 percent. The company’s gross margin increased 72 basis points to 51.2 percent, earnings from operations...

15 hours ago

Business

Roc Nation and Modern Luxury to launch Edition

Rapper and entrepreneur Jay-Z’s entertainment and management company Roc Nation has partnered with media company Modern Luxury Media to launch a new multi-platform media property called Edition. The new platform is set to launch in winter of this year, and according to the press release, Edition will seek to, “amplify and elevate voices that are...

22 Jul 2021

Business

German fashion group S.Oliver to buy footwear brand Copenhagen Studios

German fashion group S.Oliver is to acquire footwear and accessories brand Copenhagen Studios in July. “With Copenhagen and the two founders Julian and Johannes Rellecke, we welcome a brand to our portfolio that is on a promising path not only in Germany but also internationally,” said S.Oliver Group CEO Claus-Dietrich Lahrs in a release. He...

22 Jul 2021

Business

Crocs Q2 revenues jump 93.3 percent

Crocs reported revenues of 640.8 million dollars in the second quarter, an increase of 93.3 percent or 88.4 percent on a constant currency basis as compared to 2020. The company’s diluted earnings per share were 4.93 dollars compared to 83 cents for the same period last year and adjusted diluted earnings per share were 2.23 dollars, up 1.22...

22 Jul 2021

Business

JD Sports snaps up stake in British activewear brand Gym King

Sportswear giant JD Sports Group has bought a “significant minority stake” in British activewear brand Gym King. The multi-million-pound investment will be used to help the company expand internationally, with a particular focus on the US, Europe and Asia. Jay Parker, who founded Gym King in West Yorkshire in 2015, said the partnership will help...

22 Jul 2021

Business

About You posts strong Q1 growth, reiterates outlook

Online fashion platform About You reported first quarter net revenue growth of 65.5 percent to 422.1 million euros. Commenting on the first quarter trading, Tarek Müller, co-founder and co-CEO of the company, said: “Our successful listing in June has boosted both our visibility and our financial strength, allowing us to push ahead full steam...

22 Jul 2021

Business

Les Wexner left owning 2 percent of L Brands

Billionaire Les Wexner, the founder of L Brands, the parent company of Victoria’s Secret and Bath and Body Works, is now left owning just 2 percent of the company he spent over fifty years building. The businessman’s recent sale of 2.2 billion shares, bringing his total disposal of shares to 2.7 billion dollars for this year, leaves him with...

21 Jul 2021

Business

Online marketplace Immaculate Vegan completes first investment round

Online premium marketplace Immaculate Vegan Ltd has completed its first investment round, securing 400,000 pounds to help it drive future growth. Launched in 2019, Immaculate Vegan sells only 100 percent vegan fashion, beauty and lifestyle products from over 100 brands including Gunas New York, Collection And Co, Nina Rein, Taiyo and Gentleberg....

21 Jul 2021

Business

PARCEL.ONE: The future of the last mile and strategies for logistics

Logistics processes can be complex. Especially when it comes to international shipping, many vendors and brands shy away from the issue of the "last mile”. However, it also offers an opportunity that tends to be underestimated when it comes to bringing new customers to your company. Digitisation has transformed the retail landscape forever. This...

21 Jul 2021

Business

Mulberry returns to full-year profit despite drop in revenue

Mulberry has returned to a full-year profit despite a drop in sales linked to international store closures and a drop in tourism. For the year to March 28, the British luxury label reported an underlying profit before tax of 5.9 million pounds compared to a loss before tax of 14.2 million pounds a year earlier. Group revenue during the year was...

21 Jul 2021