New York - Vuori, a, California-based performance apparel brand, has received a 45 million dollars growth equity investment from Norwest Venture Partners. Jon Kossow, Managing Partner at Norwest, will join Vuori’s board of directors as part of the deal. The company intends to use the funds to continue […]

ANALYSIS New York – Despite J.C. Penney Co. (JCP) reported better-than-expected quarterly results, the department store operator might be running out of time to turn around its business, according to market sources. The retailer reported another quarter of losses and topline deterioration. The company’s […]

New York – The fashion and apparel industry in China continues to thrive despite the current tensions with USA taking a toll in the export-import trade between the two economies. ‘China Investment Bank Club’ has published its China’s Richest Report 2019: 51 of them owe their position to their fashion […]

CNBC has reported that Warren Buffett's Berkshire Hathaway has increased its stake in Amazon by 11 percent, now worth 947 million dollars. Berkshire now owns 537,300 shares of Amazon. Buffet announced his initial investment of Amazon back in May, but clarified that they were bought by someone in his […]

BACKGROUND On 18th August 1949, founder Adi Dassler's company Adidas was entered into the commercial register. 70 years later, the number of employees worldwide has multiplied from 47 at that time to 57,000 today, and the small business in Herzogenaurach in Franconia, southern Germany, has become a […]

Everyone wants a slice of the Chinese market - be it in China or through Chinese customers outside their home country as Chinese consumers are still spending, despite the slowing economy and an ongoing trade war with the United States. Spanish department store chain El Corte Inglés - the largest one […]

Ted Baker has entered into a new product licence agreement with Next Plc to expand its childrenswear offerings. The company said that its current childrenswear product relationship with Debenhams will end on February 29, 2020, however, Debenhams will continue to remain a licence partner for lingerie […]

The Björn Borg AB group’s net sales amounted to 141.7 million Swedish krona (14.7 million dollars) in the second quarter, an increase of 1 percent, while adjusted for currency effects, the company said, sales fell 2.2 percent. The gross profit margin for the quarter decreased to 55.4 percent compared […]

Dillard’s, Inc., for the 26 week period reported net income of 37.9 million dollars compared to 77.7 million dollars for the prior year comparable period, while earnings per share were 1.46 dollars compared to 2.80 dollars. For its second quarter, the company’s net loss of 40.7 million dollars compared […]

Chinese e-commerce giant Alibaba said Thursday that first quarter revenue beat analyst estimates, defying a slowing economy and a trade war with the United States. Revenue for the April-June period rose 42 percent year-on-year to 114.9 billion yuan (16.7 billion dollar), a company statement said, outpacing […]

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