Italian luxury label Moncler has reported a 14 percent (or 11 percent at constant exchange rates) increase in consolidated revenues for the first quarter of the year, up to 378.5 million euros compared to 332.0 million euros in the first quarter of 2018. Retail revenues for the period increased by 14 […]

Budget British fashion retailer Select has fallen into administration, putting 1,800 jobs at risk if a sale of the business is not agreed. Andrew Andronikou, Brian Burke and Carl Jackson of business advisory firm Quantuma were appointed as administrators of Genus UK Ltd, trading as Select, on 10 May. […]

Kering announced on Thursday that it concluded a settlement with the Italian Revenue Agency relating to claims it had evaded paying taxes for Gucci between 2011 and 2017, vis-a-vis its Swiss subsidiary Luxury Goods International S.A. (LGI). The French luxury group, which manages fashion houses including […]

Debenhams’ creditors have given approval for the department store's restructuring plan, meaning the company is on track with its plan to close 22 of its stores by early next year. Debenhams announced on Thursday that creditors approved the two CVA proposals made on 29 April - one by Debenhams Retail […]

Sales at Japanese sports and footwear company Asics fell by 5.7 percent in the first quarter to 98.708 billion yen (619.5 million pounds). The company said the drop in sales was mainly due to a decrease in sales in the 'running' category in Europe, and could not be offset by strong results from the […]

The consortium of investors that now owns Debenhams has announced it will retain ownership of the department store chain after its administrators rejected all takeover bids. The consortium, called Celine, said Debenhams administrators did not consider the bids to be “at the level required to be taken […]

Superdry warned on Thursday that its full year profits will come in below market expectations as co-founder Julian Dunkerton begins his attempt to turn the company around following his successful return to the board in April. For the 13-week period to 27 April 2019, overall revenue dropped by 4.5 percent […]

Bonmarché’s board of directors have urged shareholders to reject a takeover bid made by Edinburgh Woollen Mill owner Philip Day. Last month, Day bought a new stake in Bonmarché via his Dubai-based investment firm, Spectre, giving him a 52.4 percent in the retailer, and by doing so triggered a mandatory […]

Lululemon is still at odds with their billionaire founder, Chip Wilson. Wilson recently lost his right to designate a board nominee after he "failed to observe the requirements of the support agreement relating to certain contesting stockholder actions." The news was reported by Business of Fashion. […]

For the first quarter ended March 31, 2019, Sequential Brands Group, Inc. has reported total revenue of 36.9 million dollars compared to 38.1 million dollars for the same period last year. On a GAAP basis, net loss for the first quarter 2019 was 125.3 million dollars or 1.95 dollars per diluted share […]

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