The company on Thursday reported Q2 net loss. Compared with the same period last year, revenues also slipped by 71.3 percent. The company's net loss for Q2 was -250 million dollars compared to net earnings of 100 million dollars a year earlier. Revenues decreased to 230 million dollars. Compared to […]

HanesBrands net sales for the second quarter ended June 27, 2020, were 1.74 billion dollars compared with 1.76 billion dollars a year ago. Excluding the exited programs and foreign exchange rates, the company said in a statement, total constant-currency net sales for the quarter increased 7 percent, […]

Victoria Beckham Ltd is to cut 20 percent of its workforce and reduce the number of annual collections it produces, as it faces drastic cost cutting measures in the wake Covid-19. The company said approximately 20 staff members would be made redundant, mostly workers in the areas of production at the […]

New York – Püre, a manufacturer of disinfectant products, announced earlier this week the launch of a new device to help retailers sanitise garments on the spot. Called PüreCouture, the product is specifically designed to help retailers sanitise fitting rooms and heighten consumer confidence and safety […]

Hanesbrands reported its net profit for Q2 grew on Thursday. Compared with the same period last year, revenues increased by 1.2 percent. The company's net profit for Q2 was 161 million dollars, climbed from 150 million dollars a year earlier. Revenues slipped to 1,739 million dollars. Hanesbrands Inc. […]

Prada saw its revenue drop 40 percent at constant exchange rates to 938 million euros in the first half of the year as global store closures took their toll on the Italian luxury label. For the six months to 30 June, the group swung to a 180 million euro loss compared to profits of 155 million euros […]

Online fashion, beauty and wellbeing retailer The Hut Group (THG) has reportedly picked seven banks to help it work on a stock market flotation. The Manchester-based company has called in Citi, JP Morgan, Barclays, Goldman Sachs, HSBC, Jefferies and Numis, according to Sky News. They have reportedly […]

The Hermès group’s consolidated revenue in the first half of 2020 amounted to 2,488 million euros (2,926.5 million dollars), down 24 percent at current exchange and 25 percent at constant exchange rates. The company said in a statement that sales in the second quarter were down 41 percent at current […]

In the second quarter of 2020, consolidated sales at SMCP, parent company of Sadro, Maje, Claudie Pierlot, reached 144.1 million euros (169.2 million dollars), down 47 percent on an organic basis. The company said in a statement that reported sales were down 45.8 percent, including a neutral currency […]

Former Lancôme CEO Odile Roujol has launched a 10 million dollar fund for fashion and beauty start-ups. The news was reported by WWD. Roujol, who moved to the U.S. four years ago, got the idea to launch the fund four years ago, which led to the new business, FAB Ventures. The fund focuses on direct-to-consumer […]

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