Billionaire Jack Ma's Chinese e-commerce giant Alibaba on Friday announced an estimated 4.8 billion dollar deal to take over video streaming service Youku Tudou as it seeks to spread its online empire. Alibaba is snapping up Youku Tudou, China's equivalent to YouTube, in the latest of a string of acquisitions […]

ANALYSISMichael Kors Holdings Ltd. posted second-quarter profit that topped analysts’ estimates as new retail locations boosted sales. However, the accessible luxury brand needs to re-thinks its expansion strategy to fight the perils of turning too ubiquitous. Conscious of how the brand is wearing off […]

The International Labour Organisation (ILO) published its second issue of the Cambodia Garment and Footwear Sector Bulletin last week and found that Cambodia's garment and footwear industry, which is still the backbone of the country's economy, experienced a "solid" first half of 2015: Its export value […]

ANALYSISCie. Financière Richemont SA dragged European stocks last Friday after the Swiss luxury group missed forecasts with its latest earnings. In fact, the Geneva-based company prompted a sell off after it said net profit for the six months to September 30 rose to 1.1 billion euros, behind analysts’ […]

Spanish online fashion outlet Privalia has sold its German business Dress For Less to its current management for a sum that remains undisclosed. The German subsidiary has not but enhanced Privalia´s red numbers in the last couple of years. Following what some in the trade have defined as an erratic […]

In spite of going through some turbulent times in the press, French luxury house Hermès has continued to thrive. Any shareholders with concerns that negative press may affect Hermès image or sales need not worry however, as the luxury fashion house has continued to defy any trend of slipping revenues […]

REPORTThe Björn Borg Group’s net sales amounted to 191.4 million Swedish krona (22.1 million dollars) in the third quarter, representing an increase of 17 percent. Excluding currency effects, sales rose by 8 percent. “In total Björn Borg’s sales increased in the third quarter by 17 percent compared […]

REPORTIn the six-month period, sales increased by 15 percent at actual exchange rates or by 3 percent at constant exchange rates at Richemont. The increase, the company said, reflected the continued demand for jewellery and to a lesser degree for leather goods and clothing, as well as the strong performance […]

REPORTSafilo Group net sales for the first nine months grew by 10.6 percent at current exchange rates to 959.7 million euros (1,044.3 million dollars) and by 1 percent at constant exchange rates. Net sales in the third quarter increased by 9 percent at current exchange rates to 284.8 million euros (309.9 […]

REPORTThe Men's Wearhouse’s preliminary comparable sales results and an adjusted EPS outlook for the fiscal third quarter ended October 31, 2015 reflects significant comparable sales weakness at Jos. A. Bank. Comparable sales decreased 14.6 percent at Jos. A. Bank, far below the company's earlier expectations. […]

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