Moncler reported its net profit for H1 dropped on Monday. Compared with the same period last year, revenues also slipped by 29.3 percent. For H1, the company's net profit was 32 million euros, slipped from 70 million euros last year. Revenues slipped to 403 million euros. The profit margin of the company […]

The company said on Monday its H1 net profit slipped. Compared with the same period last year, revenues also dropped by 26.7 percent. For H1, the company's net profit was 1,671 million euros, dropped from 5,295 million euros last year. Furthermore, revenues dropped to 18,393 million euros. Compared […]

Amazon has announced it will be creating 1,000 new permanent job positions in Ireland over the next two years, bringing its total workforce in the country to 5,000. The highly skilled roles include software development engineers, network development engineers, systems development engineers, optical […]

Under Armour has received a possible enforcement action from the SEC (Securities and Exchange Commission.). The notice in question is a Wells notice inquiring about the accounting treatment of Q3 and Q4 sales from 2016. Last week, on July 22, Under Armour's former CEO and current executive chairman, […]

Topshop-owner Arcadia could be heading for a second restructuring in just over a year as it grapples with the impact of Covid-19. The group has submitted a cost-cutting plan to the UK’s Pension Regulator, according to The Sunday Times. Arcadia reportedly has a deficit of 727 million pounds in its pension […]

Menswear retailer Ben Sherman is proposing to close 18 stores – a third of its portfolio – in order to ward of collapse. Ben Sherman is licensed in the UK by Baird Group and owned by the New York-based Marquee Brands. The Baird Group also operates Jeff Banks and Suit Direct in the UK and are thought […]

For the 5th year running the ‘Women Count 2020’ has revealed that gender diversity at the top levels of British business needs urgent attention, with data proving that companies in the FTSE 350 with diverse leaderships perform considerably better and have higher profit margins. According to the report, […]

Boohoo is to build its own ‘model factory’ in Leicester following controversy in recent weeks sparked by allegations of poor working conditions at some of its suppliers' factories. CEO John Lyttle told The Mail on Sunday that the company could begin producing its own clothing with a local joint-venture […]

Debenhams could reportedly be put up for sale as it looks to exit its ‘light touch’ administration. The British retailer has appointed investment bank Lazard to oversee the process and hopes to find a buyer before September, The Guardian reports. Possible outcomes include its owners retaining the business, […]

First half net revenues at Showroomprivé were stable at 302.7 million euros (354 million dollars), with second quarter growth of 19 percent offsetting the 20 percent decline in the first quarter. The company said in a statement that since April 2020, the group enjoyed a strong business recovery which […]

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