Athletic apparel company Lululemon Athletica Inc. said Friday that it remains confident in the long-term opportunities in China, despite the current disruption to its growing business in the region due to the coronavirus outbreak. In the update on the outbreak, the company said it continues to work […]

New York – British town Fife’s Central Retail Park has been sold as part of a 400 million pounds disposal deal announced by property giant Hammerson. The latter is said to be moving towards exiting the sector. The shopping centre is one of seven sites sold to the Orion European Real Estate Fund. Hammerson […]

New York- Orchestra-Prémaman, one of the biggest players in the childrenswear market in France has launched a reorganisation plan. The French group has been placed in the safeguard procedure since last September due to financial difficulties. In order to overcome the mounting debt – the company has […]

Asia is currently going through widespread economic and business disruptions caused by the outbreak of the coronavirus (COVID-19), which originated in Wuhan, Hubei province in China, and the stringent government measures to contain it, threatening to stall the economic growth of major markets in Asia. […]

Outland Denim, billed as the world’s most humanitarian denim, has received the global Thomson Reuters 2020 Stop Slavery Enterprise Award for small and medium-sized companies, for their efforts to eradicate forced labour. The award recognises companies around the world that have taken “concrete steps […]

With acquisition financing provided by Tiger Capital Group, the brand-investment platform Go Global Retail has completed its purchase of digitally native fashion retailer ModCloth from Walmart Stores, Inc. Go Global announced the move this past October and closed on the acquisition on January 27. Tiger's […]

TRENDS Top companies across the fashion industry from Scotch and Soda to Condé Nast’s GQ Germany have recently announced new executive hires and creation of visionary leadership roles to take them into the new decade. A brand’s company culture, social values and innovative leadership have never been […]

L Brands has announced that Victoria’s Secret, with a total enterprise value of 1.1 billion dollars, will be separated from L Brands into a privately-held company majority-owned by Sycamore with Sycamore acquiring 55 percent interest for approximately 525 million dollars and L Brands retaining a 45 […]

Gildan Activewear reported its net profit for Q4 decreased on Thursday. Compared with the same period last year, revenues also slipped by 11.3 percent. For Q4, the company's net profit was 32.5 million dollar, dropped from 59.6 million dollar last year. Revenues slipped to 658.7 million dollar. Compared […]

Gildan Activewear Inc. announced earnings for fourth quarter that decreased from the same period last year. The company's earnings came in at 32.51 million US-dollar or 0.16 US-dollar per share. This compares with 59.55 million US-dollar or 0.29 US-dollar per share, in last year's fourth quarter. Excluding […]

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