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 […]

Just a few days before the second anniversary of the Rana Plaza disaster, when a building housing five garment factories collapsed and caused the death of more than 1,100 garment workers on 24th April 2013, Italian fashion house Benetton announced its contribution of 1 million euros (1.1 million US […]

A potential float of Marc Jacobs has caused and still causes much ink to flow. Within the fashion industry, it is a badly kept secret that Marc Jacobs has been readying his brand for an Initial Public Offering or IPO for at least a year and a half now. Market experts highlights those hints that got […]

Pianoforte Holding, owner of Yamamay, Carpisa, and Jaked brands, has closed 2014 with revenue growth. The family-run apparel business has reported a 287 million euros turnover for the past fiscal year. The group headed by Cimmino and Carlino families has registered a 7 percent year-on-year increase […]

As reported Friday, German fashion group CBR, owner of brands Street One and Cecil brands, would be considering an initial public offering (IPO) or a sale for later this year. As reported by Reuters, the apparel group has been earmarked for sale by its private equity owner EQT this year in a potential […]

Florida-based retailer Simply Fashion Ltd. filed for bankruptcy Thursday, telling a Florida court that its 247 stores were hit hard by the recession, after it got its start buying assets from other bankrupt retailers. This is the last of a growing list of budget fashion retailers filing for bankruptcy […]

ANALYSISDebenhams has played the industry this week when it posted positive results for the first half, as opposed to the weaker figures the market anticipated. Consequently, the stock rallied on the London Stock Exchange, sending the shares to a 15-months high. Debenhams shares gained 6.6 percent earlier […]

Poor American Apparel, if it isn't one thing it's the next. Workers at 747 Warehouse Street are probably very close to formally organizing a union to do something about American Apparel's abysmal business practices. What on Earth would have given anyone that inclination, you may ask? For starters, the […]

ANALYSISBurberry Group PLC reported a strong rise in same-store sales growth for the second half of its fiscal year, as the luxury fashion house was helped by sales of its core British-made heritage trench coats and scarves. Likewise, personalised items have been a big push for the group’s sales. Comparable […]

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