UPDATEFollowing reports that British high street fashion label New Look was preparing for a 2 billion pounds flotation news has emerged that a potential sale may be on the cards instead. New Look's private equity owners Permira and Apax have reportedly held talks with a number of China's biggest investors […]

REPORT Compared to the previous financial year, Richemont’s net profit for the year ended March 31, 2015 is expected to decrease by 36 percent. The company is attributing this significant decrease to non-cash, mark-to-market losses on financial instruments, which include monetary items and derivatives. […]

Earlier this week, Frederick’s of Hollywood filed for Chapter 11 bankruptcy protection after closing all its stores. Aimed to deal with the increasing debt, the lingerie retailer said it had reached an agreement with Authentic Brands Group. In virtue of the deal, Authentic Brands Group will pay 22.5 […]

REPORT Group revenue at Kering, at 2.7 billion euros (2.8 billion dollars) in the first quarter of 2015 increased 11.4 percent on first quarter of 2014. Luxury activities posted revenue growth of 11 percent. The revenue increase in directly operated stores, which account for 71 percent of sales, was […]

Online fashion marketplace Poshmark has secured 25 million dollars in a Series C financing round, led by Mayfield, Menlo Ventures, Inventus Capital, Union Grove Venture Partners and others. The new investment brings the company’s total financing to 47.2 million dollars and has doubled the startup’s […]

Omnichannel activewear retailer Outdoor Voices, a direct competitor for Lululemon Athletica and other activewear brands such as Gap’s Athleta, has secured a 1.1 million dollars investment this week. According to ‘TechCrunch’, the fundraising round was led by General Catalyst, with participation from […]

The owners of Dutch high-street lingerie label Hunkemöller are rumored to be putting the brand up for sale. Private equity owner Paribas Affaires Industrielles (PAI) has hired investment bank JP Morgan to handle the sale, according to Dutch newspaper the Financieele Telegraaf. A selection process for […]

REPORT House of Fraser, the UK and Ireland’s premium department store group, for the 53 weeks to January 31, 2015 increased sales by 5.8 percent on a like-for-like excluding VAT, with total GTV rising to 1.3 billion pounds (1.9 billion dollars). Online sales excluding VAT increased 32 percent on a 52 […]

REPORT Mango closed the 2014 financial year with a consolidated group turnover for the Mango MNG Holding of 2.017 billion euros (2.154 billion dollars), representing a 9.3 percent increase on 2013, and an EBITDA of 223 million euros (238.2 million dollars). With the strong global presence of the brand, […]

REPORT Primark’s first-half adjusted operating profit increased 11 percent to 322 million pounds (479 million dollars), excluding the impact of currency fluctuations. The segment reported a 15 percent rise in sales during the period under review. Commenting on the interim update, George Weston, Chief […]

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