REPORT Ahead of its Annual General Meeting to be held today in Geneva, Richemont has said that its sales for the five months ended August 31, 2015 increased by 4 percent at constant exchange rates and 16 percent at actual exchange rates, positively impacted by the weakening of the euro against the US […]

ANALYSISPrada SpA reported a 23 percent fall in first-half net profit on Tuesday, hurt by a slowdown in Asia Pacific, particularly in Hong Kong and Macau. Likewise, net income fell to 188.6 million euros or 0.07 euros per share in the six months ended July, 31. Explaining the whooping drop in key growth […]

REPORT Inditex Group revenue rose by 17 percent in the first half of 2015 from February 1 to July 31, 2015 to 9.42 billion euros (10.6 billion dollars), driven by growth across all its geographical markets. First half net profit stood at 1.16 billion euros (1.30 billion dollars), marking growth of 26 […]

Traders bought shares of Lululemon Athletica inc. (NASDAQ:LULU) on weakness during trading on Tuesday after Canaccord Genuity lowered their price target on the stock from 60 to 54 dollars, Analyst Ratings reports. As latest released data shows, 65.15 million dollars flowed into the stock […]

ANALYSISChanel seems to not feel its luxury peers ‘pain due to the economic downturn in Asia. The French maison has enjoyed spectacular growth in fiscal year 2014 in terms of turnover, operating profit and operating margin. Swiss publication ‘Bilan’ has had access to the 2014 financial statements of […]

Mode et Finance, the French venture capital firm managed by BPIFrance, has taken a minority stake in Paris-based fashion label Lemaire. BPIFrance said Tuesday it has acquired a minority stake in the Lemaire fashion brand to support its development in France and internationally, as reported by ‘Les Echos’. […]

REPORT The Prada Group said, consolidated net revenues for the six months ended July 31, 2015 amounted to 1,824.4 million euros (2,065.7 million dollars), with a 4.2 percent increase, at current exchange rates, on the corresponding period in 2014. Commenting on the company’s performance, Patrizio Bertelli, […]

REPORT The H&M group’s sales including VAT increased by 1 percent in local currencies in August 2015 compared to the same month last year. In the third quarter of 2015 from June 1 to August 31, sales including VAT increased by 11 percent in local currencies compared to the corresponding quarter last […]

The new owner of BHS has secured a loan of around 65 million pounds from Grovepoint Credit as a cash injection to help them turn around the struggling high street store. Retail Acquisitions, which is backed by a number of investors, including brokers and lawyers, bought the loss-making department store […]

London - Following sportswear brand Asics relaunching its lifestyle offering to Asics Tiger. It has seen an accelerated growth of 12 percent on overall net sales for the first half of 2015 in Europe. The move to introducing new redesigned classic Asics performance footwear for a lifestyle audience has […]

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