Farfetch's New Guards Group, the backer for Virgil Abloh's Off-White, is continuing its acquisition of new brands adding Yoon Ahn and Verbal's jewelry brand Ambush. New Guards Group is looking to grow its portfolio of digital first, streetwear beloved brands. The news was reported by Business of Fashion. […]

Luxury groups have started the new decade on a high note. In France, LVMH and Hermès recorded their highest stock value this week. The Louis Vuitton group, which is led by Bernard Arnault, recorded a share price of 423.5 euros, then remained around this quota which capitalised the business at 213 billion. […]

Urban Outfitters, Inc. has announced that total company net sales for the two months ended December 31, 2019, increased 2.9 percent over the same period last year, while comparable retail segment net sales increased 3 percent, driven by growth in the digital channel, partially offset by negative retail […]

PVH Corp. has updated its fourth quarter and full year 2019 earnings outlook in connection with sale of its Speedo North America business to Pentland Group PLC for 170 million dollars in cash. The company currently projects loss per share on a GAAP basis for the fourth quarter 2019 will be approximately […]

The Coach Foundation, the charitable foundation run by Tapestry-owned brand Coach, is donating 100,000 U.S. dollars to the relief efforts for the bushfires in Australia. Its donation amounts to approximately 145,000 Australian dollars and will be made directly to the Australian Red Cross. Tapestry has […]

The Cato Corporation said in a statement that its sales for the five weeks ended January 4, 2020 of 85 million dollars, were down 2 percent, while same-store sales for December were flat compared to the five weeks ended January 5, 2019. “December same store sales were below our current trend,” stated […]

L Brands, Inc. reported net sales of 3.906 billion dollars for the nine weeks ended January 4, 2020, compared to 4.072 billion dollars for the same period ended January 5, 2019. L Brands said in a statement that comparable sales decreased 3 percent for the period under review. The company reported net […]

J. C. Penney Company, Inc. announced that its comparable store sales for the combined nine-week period ending January 4, 2020 decreased 7.5 percent. The company said in a statement that adjusted comparable store sales, which exclude the impact of the company’s exit from major appliance and in-store […]

Luxury conglomerate Kering has announced that its family of brands are banding together to donate a total of 1 million Australian dollars as an immediate contribution to “support the efforts of the Australian people to fight the wildfires”. The donation from Gucci, Saint Laurent, Bottega Veneta, Balenciaga, […]

For the 13 weeks to December 28, 2019, Marks and Spencer plc (M&S) reported group revenues of 3,018 million pounds (3,953 million dollars), down 0.7 percent with clothing & home revenues of 1,063 million pounds (1,392.3 million dollars), down 3.7 percent. International revenues of 251 million […]

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