Italian fashion brand Roberto Cavalli is in exclusive talks with Italian private equity firm Clessidra regarding selling a majority stake in Cavalli to the fund, Clessidra announced in a statement on Wednesday. The aim of both companies is to reach an agreement by March 2015. Should the deal proceed […]

Online clothing sales were up 32 percent in November, the largest increase in 14 years on the month-on-month IMRG Capgemini e-retail sales index. Clothing sales were up 21 percent against the same month in 2013, according to the index, which tracks online sales data from more than 100 retailers in various […]

Kering, parent company of sportswear firm Puma, is said to have explored the potential sale of the brand earlier this year, according to inside sources. The possible sale comes five years after Kering acquired control of the sportswear brand and attempts to invigorate Puma's image and sales. The company […]

Chris Ronnie, the former chief executive of JJB Sports has been sentenced to four years in prison and banned from being named a company director after accepting over 1 million pounds in a “very greedy” fraud. Ronnie was understood to be 11 million pounds in debt to Icelandic bank Kaupthing […]

Billionaire Mike Ashley has financed Sports Direct's Christmas by giving the sportswear retailer a 40 million pounds loan to help the company purchase hoodies, jeans and tracksuit bottoms in time for the holiday season. Ashley, who currently holds a 57 percent stake in Sports Direct, reportedly loaned […]

REPORT The H&M Group’s sales including VAT increased by 10 percent in local currencies in November 2014 compared to the same month last year. In the fourth quarter of 2014, September 1 to November 30, sales including VAT increased by 11 percent in local currencies. Sales including VAT in the fourth […]

Bangladeshi apparel makers have set a target of raising the annual export volume to 50 billion US dollars in 2021 when the country celebrates the golden jubilee of its independence in 1971. They set the ambitious target riding on work orders diverted from China as the top global economy nowadays prefers […]

REPORT_ Quiksilver has reported that for the full year of fiscal 2014 ended October 31, 2014, versus the full year of fiscal 2013, net revenues, were 1.57 billion dollars compared with 1.81 billion dollars, representing a decrease of 11 percent, or 189 million dollars, on constant currency continuing […]

REPORT_ Lululemon Athletica announcing its financial results for the third quarter ended November 2, 2014 said that company’s net revenue increased 10 percent to 419.4 million dollars from 379.9 million dollars in the third quarter of fiscal 2013. Total comparable sales, which includes comparable […]

Department store group House of Fraser said this week its own brands are performing well and adjusted its financial outlook to for the quarter from 9.2 million to 10 million pounds. The retailer, which was acquired by China’s Sanpower Group’s Nanjing Cenbest division in April, also said […]

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