Luxury giant LVMH has shown interest in acquiring a minority stake in the Spanish fashion brand El Ganso, through its investment fund L Capital. According to sources close to the company surveyed by Bloomberg, L Capital would be in talks to invest in El Ganso, willing to buy a minority stake. El Ganso […]

Italian high-end fashion house Valentino has revised and simplified its corporate structure. The process began in July, when the fashion house, owned by Mayhoola Investment, launched an internal reorganisation. As the group explained, the plan is to merge with Valentino Fashion Valentino SpA, in a practice […]

Struggling French fashion retailer Gerard Darel might get a lifeline in the form of a new investor before the month ends, as reported French media. American investment fund KKR reportedly stands out as the most likely candidate. Back in June, French fashion group Gerard Darel was placed under guardianship […]

Close to 700 jobs are said to be at risk at two call centers in Bolton and Aintree for online retailer Shop Direct. Webhelp, the firm which operates the center on Shop Direct's behalf, is set to close the call center operation in Bolton sometime early next year and the Aintree location in spring 2017, […]

REPORT The Gerry Weber Group increased its consolidated sales revenues by 5.1 percent to 630.5 million euros (711.6 million dollars) in the first nine months of the financial year 2014/15. This growth is attributable, among other things, to the consolidation of the revenues of Hallhuber, which has been […]

REPORT Zumiez, for the second quarter ended August 1, 2015 reported total net sales rise of 1.8 percent to 179.8 million dollars from 176.7 million dollars in the quarter ended August 2, 2014. This comparison includes the negative impact of foreign currency translation in the quarter of approximately […]

REPORT Cherokee Global Brands reported decline in revenue of approximately 3 percent to 8.5 million dollars for the second quarter Fiscal 2016 ended August 1, 2015. compared with 8.8 million dollars in the prior-year period. The company has attributed the decrease in revenues to the increased strength […]

Hercules Unit Trust (HUT), the trust that is advised by real estate company British land and invests in retail warehouses and shopping centres in the United Kingdom, has invested 80 million pounds to extend all four of its shopping park assets. With their investment, HUT created one thousand new retail […]

REPORT Lululemon Athletica for the second quarter ended August 2, 2015 said that its net revenue for the quarter increased 16 percent to 453 million dollars from 390.7 million dollars in the second quarter of fiscal 2014. Total comparable sales, which includes comparable store sales and direct to consumer, […]

“Our guidance reflects solid double-digit growth expectations for sales, profit and EPS over 2014 results,” Hanes Chairman and Chief Executive Officer Richard A. Noll said. “We continue to track to our expectations for the year and the underlying assumptions for our full-year guidance remain in place,” […]

Related news