This Thursday, Louis Vuitton Moët Hennessy chairman and CEO Bernard Arnault will open a new Louis Vuitton factory in Johnson County, Texas. Dubbed the Louis Vuitton Rochambeau Ranch, the opening event will also be hosted by Louis Vuitton CEO Michale Burke and fellow LVMH executives. The new facility […]

Ahlers Ag has announced through a statement that the group’s third quarter revenues dropped by 5.1 percent or 2.9 million euros to 54.3 million euros (59.8 million dollars), primarily due to the discontinuation of activities. At 51.9 percent, the gross profit margin was on a par with the previous year, […]

Matalan has reported a drop in its revenues for the second quarter of the year, with CEO Jason Hargreaves citing “an extremely tough trading environment” and “awful Spring weather.” For the 14 weeks ended 31 August, the British fashion and homeware retailer saw a 28.5 percent year-on-year fall in EBITDA […]

Luxury Ventures, the investment arm of LVMH, has acquired a stake in Madhappy, a Los Angeles-based streetwear label founded in 2017 by brothers Noah and Peiman Raf and partners Mason Spector and Joshua Sitt. The collection features basic items such as unisex sweats and t-shirts, designed around its […]

ANALYSISNew York – Fast Retailing Co Ltd (9983.T) on Thursday booked record profit for a third consecutive year on strong sales at its Uniqlo stores in China, and forecast further growth in the current year albeit dented by a boycott of Japanese goods in South Korea. Operating profit climbed 9 percent […]

New York - Foot Locker (FL) is one of the financial backers of online kids clothing store Rockets of Awesome. The athletic apparel company has reportedly invested about 12.5 million dollars during a funding round last February. As highlighted by ‘Seeking Alpha’ earlier this week, as part of a strategic […]

ANALYSISNew York – GU, the most experimental and elegant of Fast Retailing’s brand portfolio, has become one of the growth engines of the Japanese group on its own merits. Often referred to as the cheap Fast Retailing brand - which also owns UNIQLO, Theory and Comptoir des Cottoniers -, GU has become […]

New York - Asian clothing retailer Khaadi Fashion has been rescued after a pre-pack administration, saving the majority of its 100 staff’ jobs. Founded in the UK in 2013, Khaadi had operated from 10 stores nationwide. After being rescued from administration, six outlets will continue trading with jobs […]

ANALYSIS New York – European shares rose on Thursday as early signs of positive progress in U.S.-China trade talks emerged and hints of a potential Brexit deal cheered up retail stocks. Investors were hopeful on Thursday after U.S. President Donald Trump tweeted he would meet Chinese Vice Premier Liu […]

Notonthehighstreet has recorded an almost-doubled operating EBITDA for its full-year results, despite sales remaining broadly flat. For the year ended 31 March, the UK e-tailer saw an 82 percent jump in operating EBITDA from 1.7 million pounds to 3.1 million pounds, helped by more targeted marketing […]

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