In November 2019 LVMH announced it was to buy American jeweller Tiffany in an unprecedented 16 billion dollar deal. The following month, the onset of the coronavirus pandemic would change the course of the retail and luxury industry, so too company valuations, and mergers and acquisitions for the unforeseeable […]

British shopping centre operator Hammerson has said it has collected 41 percent of Q4 group rent so far but remained optimistic about improving levels. Breaking it up by country, the firm collected 38 percent of UK rents, 33 percent in Ireland, and 51 percent in France. It noted that these levels are […]

The UK’s Information Commissioner's Office (ICO) has said it will launch a probe into Swedish payment provider Klarna following complaints it had sent emails to people who had never used its service. The data protection watchdog said it received a flurry of complaints of the marketing email from people […]

Canadian womenswear brand Aritzia has reported a Covid-related drop in revenue for the second quarter of the year, slightly offset by surging online sales. For the quarter ended August 30, net revenue at the brand fell 17 percent year-on-year to 200 million dollars, which the company attributed to occupancy […]

The Fast Retailing Group’s revenue and profit declined in fiscal 2020. The company said in a statement that for the twelve months to August 31, 2020, consolidated revenue totalled 2.0088 trillion yen, down 12.3 percent and operating profit totalled 149.3 billion yen, down 42 percent resulting from large […]

For the period to September 30, 2020, Kinnevik reported NAV of 107.9 billion Swedish krona or 388 Swedish krona per share, up 20.3 billion Swedish krona or 23 percent in the quarter, adding back paid dividend of 1.9 billion Swedish krona. The company said in a statement that adjusting for the dividends […]

After a special season of its digital debut in early 2020, SS2021 Shanghai Fashion Week will open from Thursday 8th October with a line-up featuring showcase, trade fairs, and diverse events. The event will run physically, under Chinese government’s COVID-19 Guidelines for events and activities. This […]

Matalan has reported a dive in profit for the second quarter of the year following heavy discounting at the British fashion and homeware retailer. For the 13 weeks ended 29 August 2020, EBITDA loss post adoption of IFRS16 was 28.5 million pounds, compared to 42.8 million pounds the year before. This […]

Total sales at Asos Plc grew by 19 percent to 3,263.5 million pounds and profit before tax increased to 142.1 million pounds, an increase of 109 million pounds for the year to August 31, 2020. The company said in a statement that active customer base grew by 3.1million to 23.4 million, up 15 percent […]

VF Corporation has announced organizational changes in support of its ongoing business model transformation and to ensure greater alignment in the management of its core and emerging brands portfolio. With these changes, the company said in a statement, leaders of VF’s three core brands (Vans, The North […]

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