New York - Christopher Bailey, CEO of British luxury label Burberry, will be receiving a pay cut along with several other employees at the company. The news regarding the pay cuts comes after it was forecasted that Burberry would see a second year decline in sales due to weakness in Asia. Bonuses and […]

A statement released by Macintosh has confirmed that it has received second round offers to purchase its Fashion UK activities including Brantano and Jones Bootmaker. However, the company maintains that since these offers are at the low end of the originally expected range, it is currently in the process […]

REPORTThe H&M group’s sales including VAT increased by 11 percent in local currencies in September 2015 compared to the same month last year. The company operated 3,733 stores on September 30, 2015 compared to 3,338 on September 30, 2014. The group has expansion plans in store with approximately 400 […]

REPORTIn the first half, Burberry generated revenue of 1,105 million pounds (1,710 million dollars), including 2 percent underlying growth in retail revenue. In the second quarter, the company said that the demand from luxury consumers, particularly Chinese customers, was affected by a more challenging […]

REPORTZalando has said that it grew group revenues in the third quarter of 2015 to 707 euros-717 million euros (811-823.3 million dollars) or by 41-43 percent, according to preliminary figures. In the first nine months of 2015 Zalando achieved revenue growth of around 35 percent. Commenting on the update, […]

Nike provided an overview of its progress on key strategic initiatives to achieve sustainable, profitable long-term growth. During an investor meeting at its world headquarters near Beaverton, the company announced a revenue target of 50 billion dollars by the end of fiscal year 2020. Additionally the […]

REPORTNet revenues at Levi Strauss & Co for the third quarter ended August 30, 2015 declined one percent on a reported basis but grew seven percent on a constant-currency basis. The company said that a seven percent increase in sales was due to product introductions in the Americas including the Levi's […]

REPORTN Brown Group revenue for the half year to August 29, 2015 increased 4.2 percent to 415.8 million pounds (635.4 million dollars). Product revenue increased 6.1 percent. While operating profit excluding exceptional items declined 14.2 percent, underlying trading profit before tax decreased 15.9 […]

German fashion group Steilmann has advanced further detail on its planned initial public offering of shares or IPO. The retailer has set the price range for shares of Steilmann SE at 3.50 euros to 5.00 euros per share. “We are offering interested investors the opportunity to invest in one of the leading […]

Acturus Capital, holding company of El Ganso, has sold a 49 percent stake in the Spanish fashion retailer to the LVMH-backed investment fund L Capital, to help strengthen its international expansion. The undisclosed investment will allow the Spanish fashion label to “invigorate” the brand and drive […]

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