Li & Fung, the Hong Kong-based global supply management group, has acquired May Trading UK, clothing supplier to high street labels such as Primark, Next and Topman out of administration. The Hong-Kong group also acquired MA Hong Kong, May Trading's partner company as part of the agreement as well as […]

REPORT_ Tesco reiterated its profit warning, as issued in its interim results on October 23. Earlier statement too had highlighted that full year profitability would be impacted by developments within the company and the commercial income overstatement would affect second half results as it revisits […]

A powerful surge in online sales during the borrowed retail promotional day 'Black Friday' led to an all-time record high of digital sales of non-food products in the UK during November, singling it out as the top month of online sales. According to the latest data from the British Retail Consortium […]

Menswear fashion retailer Blue Inc has raised 4 million pounds in funding, which it aims to use to expand its market share online and push the growth of its international business as well as the wholesale development of its Twisted Soul brand. The retailer received backing from the Unicorn Venture Capital […]

Canadian family apparel supplier Gildan Activewear Inc. (GIL) announced its plan yesterday to buy back shares through private agreements between the company and a third-party seller. Gildan intends to purchase for cancellation up to 1,525,000 of its common shares, which will form part of Gildan's normal […]

Fashion GPS, leading digital solutions provider of sample management and digital event technology for fashion brands and agencies worldwide, is expanding its global presence with an office in Hong Kong. Located in Hong Kong's Wong Chuk Hang district, which is also home to Lane Crawford, the new office […]

REPORT_ At the end of three months to November 30, 2014, retail sales at Asos increased over 8 percent with over 24 percent rise in UK but below 2 percent decline in international markets. International retail sales stood at 57 percent of the total business compared to 63 percent last year. Retail gross […]

REPORT_ Kering’s board of directors has announced an interim dividend of 1.50 euros (1.85 dollars) per share for the financial year 2014. This interim dividend will be paid on January 26, 2015 on positions closed as of the evening of January 23, 2015. The ex-dividend date will be January 22, 2015 […]

Italian luxury group Prada said Friday its nine-month profit dropped by 27.6 percent to 319.3 million euros (394.9 million dollars, 251.02 million pounds) due to challenging market conditions but expressed confidence in the medium-term outlook for the sector. Sales at the group which also includes brands […]

REPORT_ At the Annual General Meeting today, Charles Sinclair, Chairman of Associated British Foods, provided a current trading for the group since the close of the financial year ended 13 September 2014, saying, like-for-like sales are currently below expectations. Company has attributed it to the […]

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