Moncler S.p.A. said in a statement that in the 12 months ended December 31, 2019, the company’s net profit increased 9 percent to 361.5 million euros (394.4 million dollars), while revenues rose 15 percent to 1.62 billion euros (1.77 billion dollars). However, the company added that coronavirus outbreak […]

Safilo Group has announced the acquisition of a 61.34 percent equity interest in the Miami-based Prive Goods, LLC (Privé Revaux). The company said in a statement that while David Schottenstein, the company’s founding entrepreneur and Chief Executive Officer retains ownership of approximately 15.5 percent […]

New York – Peekaboo Beans Inc. (CSE: BEAN) recently announced its Q4 FY2020 sales result Monday. The environmentally responsible children clothing brand saw a 21 percent increase in sales over the same period last year, largely driven by whooping web traffic increase (84 percent up year-on-year.) Total […]

New York – Forever 21 is reported to have taken an 81 million dollars from a group of buyers led by commercial real estate developers including Simon Property Group and Brookfield Property Partners. "Once approved the agreement will allow Forever 21 to come out of bankruptcy, keeping its headquarters, […]

German womenswear brand Gerry Weber is revamping its collections in a bid to turn around its business after insolvency proceedings ended in January. The retailer has updated its main collection to meet customer demand for softened prints and colours, said chief product officer Urun Gursu in an interview […]

The retail industry is undergoing a significant period of change. Consumer demand is constantly evolving led by rising expectations for an improved experience, both online and in-store. Today’s connected consumer firmly sets the pace for change and retailers must respond to stay in the race. What can […]

L Brands is nearing a deal to sell ailing lingerie brand Victoria’s Secret to private equity company Sycamore Partners, according to a report published by CNBC on Sunday night. Quoting sources familiar with the matter, the report says the deal could be announced as early as this week. L Brands’ owner […]

HanesBrands, for the fourth quarter ended December 28, 2019, reported net sales of 1.75 billion dollars, decrease of 1 percent while constant-currency organic sales increased slightly. For the full year, net sales increased 2 percent to 6.97 billion dollars. The company said in a statement that fourth-quarter […]

Canada Goose Holdings Inc. reported strong international growth led by a standout performance in Asia, where revenue doubled to 94.7 million Canadian dollars (71.1 million dollars). Total revenue increased by 13.2 percent to 452.1 million Canadian dollars (339.4 million dollars) or 13.7 percent on a […]

From 16 to 20 February to the tune of 2,300 exhibitors from 60 nations will occupy 16 halls of Düsseldorf Exhibition Centre. Trade visitors should also start planning their visit to the trade fair now to leverage the ranges. EuroShop boasts a plethora of services that help trade fair guests from throughout […]

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