German sportswear giant Adidas is reportedly mulling a sale of Reebok and could be looking to offload it as early as March 2021. Chinese sportswear giant Anta Sports and VF Corp, the US company behind brands Vans, The North Face and Timberland, could be among interested bidders, according to German […]

After a second quarter marked by the health and economic crisis, Hermès said, sales in the third quarter increased 7 percent at constant exchange and 4 percent at current exchange rates driven by positive activity in the group’s stores, up 12 percent at constant exchange, momentum in Asia and an improvement […]

ANALYSISNew York – The British online fashion retailer Boohoo Group Plc started the week with the deepest dip in share value since August. The clothing group said on Monday it’s seeking a new auditor to replace PricewaterhouseCoopers (PwC). The stock dropped as much as 17 percent, reported Bloomberg. […]

Centric Brands, the licensee for brands such as Tommy Hilfiger and Under Armour, has completed its financial restructuring and emerged from Chapter 11 bankruptcy under private equity ownership. The company, whose portfolio of own brands includes Hudson, Robert Graham, Swims and Avirex, said it has substantially […]

The Very Group, which operates online retail brands Very.co.uk and Littlewoods.com, said in a statement that Very.co.uk retail sales increased 10.5 percent to 1,229.6 million pounds driving Very.co.uk revenue up 6.8 percent to 1,589.8 million pounds and group revenue growth of 2.9 percent to 2,050.7 […]

Mulberry has reported a full-year pre-tax loss of 14.2 million pounds compared to a profit of 1 million pounds the year before but remained upbeat on strong e-commerce and Asia sales in current trading. The British luxury label reported a 10 percent drop in full-year revenue to 149.3 million pounds, […]

FatFace has announced it has completed its financial restructuring and comprehensive refinancing agreement, and that chairman Lord Stuart Rose has left the company. The British lifestyle brand said the 15 million pound cash injection will help it “significantly” reduce its debt and will be used to “invest […]

Group revenue at Superdry fell by 19.2 percent year-on-year to 704.4 million pounds (904.3 million dollars), which the company said, was driven by a decline in both divisions, with retail declining 18.2 percent and wholesale declining by 20.7 percent. The group’s statutory loss after tax for the year […]