Ted Baker has appointed David Wolffe as Chief Financial Officer with immediate effect. The company said in a statement that Wolffe, who will join the board immediately, has over twenty years’ experience in finance roles for both public and private businesses, including the group CFO role at HMV Group. […]

J. C. Penney Company, Inc. becomes the latest retail giant to enter into Chapter 11 bankruptcy. The company said in a statement that the restructuring support agreement (RSA) with lenders holding approximately 70 percent of JCPenney’s first lien debt is expected to reduce several billion dollars of […]

Roberto Cavalli has confirmed that the brand's Tuscan headquarters in Osmannoro will be closing and all 170 employees will be relocating to Milan. The transfer procedure for employees will begin starting September 1. Despite what seems like an amicable move, unions are complaining that Roberto Cavalli […]

As coronavirus continues to impact the economy, here we go again with another round of layoffs and furloughs. Rag & Bone has laid off an unspecified number of employees, including both retail and corporate workers. The remaining staff has been furloughed. The layoffs have the greatest impact on U.S. […]

VF Corporation has reported a slight uptick in full-year revenue but has warned of a potential halving of its Q1 revenue as countries begin to cautiously ease their Covid-19 lockdowns. The company, which owns brands The North Face, Vans and Timberland, saw full-year revenue increase by 2 percent, or […]

Sequential Brands Group, Inc. said total revenue from continuing operations for the first quarter ended March 31, 2020 was 20.2 million dollars, compared to 25.5 million dollars in the prior year quarter. On a GAAP basis, loss from continuing operations was 85.3 million dollars or loss of 1.30 dollars […]

For its first quarter, JD.com, Inc. reported net revenues of 146.2 billion Chinese yuan (120.6 billion dollars), an increase of 20.7 percent from the first quarter of 2019. The company said in a statement that net revenues from the sales of general merchandise products were 52.5 billion Chinese yuan […]

Boohoo has raised 198 million pounds within 24 hours of launching a share placing, money the fast-fashion giant will use to finance acquisitions. In a candid statement released Friday, the retailer said it would use the money to “take advantage of numerous opportunities that are likely to emerge in […]

Farfetch Limited, for its first quarter reported gross merchandise value (GMV) increase of 191.6 million dollars to 610.9 million dollars, growth of 45.7 percent. The company said in a statement that digital platform GMV increased by 80.2 million dollars to 494.9 million dollars, an increase of 19.3 […]

For the period from January 1 to March 31, 2020, Björn Borg Group’s net sales decreased 8.6 percent to 172 million Swedish krona (17.5 million dollars). The company said in a statement that excluding currency effects, sales were down 10.4 percent. Gross profit margin was 54.1 percent, operating profit […]

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