Updating its outlook for 2018, Under Armour, Inc. has said that it has identified approximately 10 million dollars of cash severance charges related to an approximate 3 percent reduction in its global workforce. Accordingly, it now expects approximately 200 million dollars to 220 million dollars of […]

For the full year to March 31, 2018, the Harvey Nichols Group reported revenue rise of 9 percent to 210 million pounds (277.8 million dollars) and EBITDA increase of 102 percent to 14.7 million pounds (19.4 million dollars). The company said, this strong performance followed the latest completed phase […]

In its results statement for the six months to July 31, 2018, French Connection Group PLC said that total H1 2018 revenue of 58.1 million pounds (76.5 million dollars) was 2.4 percent lower than the previous year, on a reduced store portfolio. The company's pre-tax loss widened to 15.1 million pounds […]

Alibaba founder Jack Ma said his ambitious pledge to create one million jobs in the US had been scuppered by the trade row between Beijing and Washington, Chinese state news reported Thursday. The billionaire owner of China's largest online shopping portal made the headline-grabbing promise to Donald […]

Rocket Internet SE in H1 2018 reported 24 million euros (28 million dollars) of consolidated revenue and a consolidated profit of 297 million euros (347 million dollars) or 1.84 euros (2.15 dollars) earnings per share compared to a loss of 0.15 dollars in H1 2017. As of August 31, 2018, Rocket Internet […]

Total sales, excluding the sell-in to the former Sempione Fashion Group, at OVS Spa grew by 0.9 percent in the first half of 2018. The company said, it witnessed this growth despite a 3.4 percent year to date contraction in the market throughout the half-year, mainly due to unfavourable weather conditions, […]

Orla Kiely, the designer label known for its retro prints across fashion and homeware products, has announced that its retail and wholesale fashion business has ceased trading as of Monday, September 17, after its parent company Kiely Rowan Plc called in administrators. On the retailer’s website it […]

The Competition and Markets Authority (CMA) in the United Kingdom confirmed Wednesday that the proposed merger between J Sainsbury plc and Asda Group Ltd. is being referred for an in-depth Phase 2 investigation. CMA noted that the deal raises sufficient concerns through its Phase 1 investigation for […]

L-Gam Advisors Sarl, a Luxembourg-based investment company established in partnership with the Princely Family of Liechtenstein, has acquired majority stake in Woolrich International. The company said in a statement that this new agreement with L-Gam, a long-term oriented investment company, gives further […]

Shop Direct, operator of multi-category stores Very.co.uk, Littlewoods.com, VeryExclusive.co.uk and LittlewoodsIreland.ie, in its full-year results statement for the 52 weeks ended June 30, 2018 said that the group revenue grew 1.5 percent to 1,958.8 million pounds (2,578 million dollars) in a challenging […]