As of 00:01 am, Monday, October 5, 2015, the merger between Yoox Group and Net-a-Porter has come officially into effect, with the newly formed (and named) entity Yoox Net-a-Porter Group holding a cool market value of 3.6 billion euros. With the formation of the new group comes a new logo, which was […]

London - American Apparel has found its way into the media spotlight once more as news broke the troubled fashion retailer filed for bankruptcy protection on Monday. The fashion company, which filed for Chapter 11 in the US Bankruptcy Court in Delaware this morning, aims to reorganise its debt - a move […]

The strong rise in sales has resulted in high-street retailer River Island owned by the billionaire Lewis family paying a 100 million pounds dividend (151.8 million dollars). However, the amount is said to have been reinvested in the company. River Island’s foray into the kids’ wear business with River […]

American Apparel, the troubled chain that boasts of "Made in the USA" fashions, filed for voluntary bankruptcy protection early on Monday on the back of a growing list of woes. The Los Angeles-based company has been embroiled in a drawn-out legal battle with its ousted founder and former chief executive […]

Hong-Kong based Samsonite has bought Italian handbag and travel chain Chic Accents. The total cost of the consideration is 9.49 million dollars. “[We] intend to leverage the chain’s reputation for carrying some of the best Italian ladies’ fashion handbag brands to expand our presence in non-travel categories, […]

September 2015 same-store sales at Uniqlo Japan, a part of the Fast Retailing Group, increased by 2.6 percent year on year. While sales at its own stores increased by 3.1 percent, total sales including online sales increased by 3.4 percent. The company said that same-store sales rose year on year in […]

Men’s Wearhouse Board of Directors has declared a quarterly cash dividend of 0.18 dollar per share on the company's common stock, payable on December 24, 2015 to shareholders of record at the close of business on December 14, 2015. Founded in 1973, Men's Wearhouse is retailer of men's suits and provider […]

IC Group at its Annual General Meeting held on September 30, 2015 passed several resolutions. The annual report for the period July 1, 2014 to June 30, 2015 was approved by the shareholders and the proposal to pay a dividend of 4 Danish krone (0.60 dollar) per eligible share was adopted. After the AGM, […]

London - The euro zone may be facing one of its toughest crisis with the influx of migrants, but economic confidence improved to a four-year high in September. The economic slowdown in the luxury sector, particularly in China, proved European retailers were robust considering slow global growth. The […]

REPORT Three of German ecommerce investor Rocket Internet-backed top online start-ups are expected to break even by the end of 2017. The company said its top 12 start-ups, or its ‘proven winners’ saw average weighted net revenues jump 142 percent to 1.37 billion euros (1.5 billion dollars) in the first […]

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