New York – Golden Goose, Permira and The Carlyle Group (NASDAQ: CG) announced Wednesday that the private equity firm will acquire Carlyle’s majority stake in the Italian luxury fashion brand. The transaction is subject to customary conditions and is expected to close in the next months. “This is really […]

Store closures and companies falling into administration increased by just under 5 percent over 2019, according to new analysis from KPMG. A study of notices in the London Gazette shows that a total of 1,403 companies went into administration during 2019, compared to 1,341 in the previous year. The […]

Fear of contracting the coronavirus has sent hundreds of millions of Chinese flocking to online working options, with schools, businesses, government departments, medical facilities -- even museums and zoos -- wrapping themselves in the digital cloud for protection. China remains in crisis mode weeks […]

Consolidated revenue at Kering amounted to 15,883.5 million euros (17,321 million dollars) in 2019, up 16.2 percent as reported and 13.3 percent on a comparable basis fuelled by growth across all regions. The company said in a statement, gross margin was 11,775 million euros (12,840 million dollars), […]

The company said on Wednesday its FY19 net profit increased Compared with the same period last year, revenues surged by 16 percent. The company's net profit for FY19 was 3,212 million euro, surged from 2,790 million euro a year earlier. Revenues grew to 15,884 million euro. Kering (EPA: KER), previously […]

Urban Outfitters, Inc. has announced that total company net sales for the three months ended January 31, 2020, increased 3.6 percent to 1.17 billion dollars, while comparable retail segment net sales increased 4 percent, driven by growth in the digital channel, partially offset by negative retail store […]

Under Armour, Inc. revenue was up 4 percent to 1.4 billion dollars, while the revenues also rose 4 percent currency neutral in the fourth quarter. The company said, gross margin increased 230 basis points to 47.3 percent , while net loss was 15 million dollars or 3 cents diluted loss per share “Under […]

Burberry has opened its Centre for Manufacturing Excellence in Castleford, Yorkshire, as part of its commitment to protect artisanal skills and support British manufacturing. The heritage fashion house has worked in partnership with the UK Fashion & Textile Association (UKFT) on the facility, who has […]

The expanding shadow of a global epidemic caused by the coronavirus outbreak that originated in Wuhan, China, is seeing multiple ramifications beyond the actual health threat. China and the neighbouring countries constitute the largest expansion market for luxury brands worldwide. While from LVMH to […]

Moncler reported its net profit for FY19 grew on Monday. Compared with the same period last year, revenues climbed by 15 percent. For FY19, the company's net profit was 362 million euro, increased from 332 million euro last year. Revenues increased to 1,628 million euro. Moncler is an Italian apparel […]

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