Retail

McArthurGlen confirms Paris outlet opening date and first brands

The McArthurGlen Group, which owns, develops and manages designer outlets across Europe, has confirmed that its fourth destination in France will open on April 27 to the west of Paris. McArthurGlen Designer Outlet Paris-Giverny is described as a “visionary” shopping destination and will house 100 stores spanning more than 215,275 square feet....

Mar 29, 2023

Management

Lululemon's Q4 sales jump, aims to double revenues by 2026

Lululemon Athletica Inc. reported fourth quarter net revenue increased 30 percent to 2.8 billion dollars or increased 33 percent on a constant dollar basis. For fiscal 2022, the company’s net revenue increased 30 percent to 8.1 billion dollars or increased 32 percent on a constant dollar basis. The company said in a statement that its Power of...

Mar 29, 2023

Business

Burberry invests in supply chain and acquires Italian outerwear manufacturer

Burberry is aiming to strengthen its supply chain with the acquisition of an Italian outerwear manufacturer. The British luxury brand acquired the technical outerwear facility from Pattern SpA, a longtime supplier whose business activities include engineering and production of luxury garments. Burberry acquired the company for 21 million euros...

Mar 28, 2023

Management

Hotter Shoes owner Unbound Group mulls sale

Unbound Group, the owner of British footwear retailer Hotter Shoes, is considering accepting a takeover bid by knitwear specialist WoolOvers Group Limited. In a statement Tuesday, Unbound said it is “in discussions with WoolOvers Group in relation to a possible cash offer for the entire issued and to be issued share capital of Unbound”. It said...

Mar 28, 2023

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