Luxury brands are facing the challenge of serving valued customers consistently and personally, on a global scale. Personalisation allows a luxury brand to indulge its affluent customers in a meaningful way that will drive lasting loyalty. After all, it may be months or even years between purchases […]

Asos Plc, in its trading update for the four months to June 30, 2019 said that total sales growth in the period was 12 percent on reported basis and 11 percent on constant currency basis to 919.8 million pounds (1,144 million dollars). The company added that sales in the UK and ROW remained robust 16 […]

Sales at Compagnie Financière Richemont SA for the first quarter increased by 12 percent at actual exchange and 9 percent at constant exchange to 3,740 million euros (4,202 million dollars) compared to the prior year period. The company said in a statement that excluding online distributors, sales rose […]

For the quarter to June 30, 2019, eBay Inc. reported revenue of of 2.7 billion dollars, up 2 percent on reported basis and 4 percent on a foreign exchange (FX) neutral basis, which the company said was primarily driven by gross merchandise volume (GMV) of 22.6 billion dollars, down 4 percent on reported […]

“Circularity” is replacing “sustainability” as the buzzword in the fashion industry. After all, it doesn’t suffice for companies to rethink the materials and energy used to produce their clothing, they should also take responsibility for the entire life cycle of the product. With this idea in mind, […]

Vision Investment Co. LLC, the Dubai-based investment vehicle of millionaire Hussain Sajwani, owner of real estate developer Damac Properties Group, will acquire Italian luxury fashion brand Roberto Cavalli. This ends weeks of speculation that saw several potential buyers, among them German fashion […]

Gerry Weber International Ag has announced that in the ongoing insolvency proceedings under self-administration, the company has received 49.2 million euros (55 million dollars) in funding from Robus Capital Management Ltd. and Whitebox Advisors LLP. Commenting on the development, Johannes Ehling, spokesman […]

In June, brands, retailers and innovative companies have shown that sustainability is no longer just a buzzword but is becoming an everyday reality. It is heartening to see that many denim companies are looking for environmentally friendly solutions and that brands are setting sustainable goals for […]

Sir Philip Green’s Arcadia has received a legal challenge from two legal entities of US property group Vornado over its restructuring plans. Arcadia received backing from the majority of its creditors on 12 June for seven Company Voluntary Arrangements (CVAs). As part of the restructuring plans, the […]

For the week to July 13, 2019, total sales at John Lewis were up 1.3 percent, as the company said in a statement that customers continued to shop summer clearance offers. The company added that fashion sales increased 7.2 percent, with company-owned-brand fashion performing particularly well with sales […]

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