UPDATE After days of speculation, Compagnie Financiere Richemont announced Tuesday before the markets opening that it has entered into a binding, conditional agreement to merge the operations of its subsidiary, The Net-A-Porter Group, with Yoox S.p.A. in an all-share transaction. The agreement is conditional […]

ANALYSISUS licence, a Hollywood´s brand ambassador and dividend pay as soon as from 2016: these are the main highlights of SuperGroup’s makeover strategy. The Superdry brand´s owner saw its shares advanced over 8 percent right after spilling the beans on its plans for the future. The British apparel […]

After Amazon finished the week reportedly interested in acquiring luxury e-tailer Net-A-Porter, over the weekend new reports broke about Italian competitor Yoox also eyeing the London-based online fashion business. As reported by ‘The Independent’ over the weekend, The Italian Internet retailer Yoox […]

British heritage label Ben Sherman has been put down for sale by its US parent company Oxford Industries, following the publication of its full-year results on Thursday. "Ben Sherman made great progress in 2014 and left the year with positive momentum, which we believe now positions it as an attractive […]

The International Apparel Federation (IAF) has signed an MoU with the Hong Kong General Chamber of Textiles (HKGCOT). The aim is to exchange knowledge on innovation, apparel markets and international business opportunities. Rahul Mehta, president of IAF, and dr. Gordon Yen, chairman of HKGCOT, signed […]

ANALYSISFrench luxury house Hermès announced Wednesday record net profits for 2014, as well as its plans to pay out an “exceptional'' dividend of 5 euros per share. Hermès saw growth mainly in Asia, despite the Chinese economy’s slowdown and the protests in Hong Kong. Hermès bagged 859 million euros […]

REPORT Oxford Industries consolidated net sales rose 10 percent to 274.5 million dollars in the fourth quarter, as compared to 250.4 million dollars in the fourth quarter of fiscal 2013. Adjusted earnings per share for the quarter rose 21 percent to 1.08 dollars, exceeding guidance and as compared to […]

London fashion week designers Peter Pilotto and partner Christopher de Vos have confirmed the sale of a minority share in their label Peter Pilotto to Megha Mittal and MH Luxe Limited, as known as the investor who acquired Escada in 2009. "We are excited to be taking this next step with Megha and MH […]

SuperGroup Plc said it is hosting a strategy update at 2PM today to provide an overview of the Group's plans to deliver "sustainable, long-term growth". The group's expected profit outcome for FY15 remains in the range 60 - 65 million pounds; in line with previous guidance. SuperGroup also announced […]

REPORT Net revenue at Lululemon Athletica, for the fiscal year increased 13 percent to 1.8 billion dollars from 1.6 billion dollars in fiscal 2013. Total comparable sales increased by 3 percent for fiscal 2014 on a constant dollar basis. For the fourth quarter ended February 1, 2015, its net revenue […]

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