Athletic footwear and apparel retailer Foot Locker has announced a realignment of its organizational operation model into three geographical regions: Europe, Middle East and Africa (EMEA); Asia-Pacific; and North America. The company’s aim, according to a statement, is to “better align its resources […]

The Swiss watch industry may have to brace itself for a slowdown in 2019. According to Bloomberg the Swiss Watch exports saw an increase of 6.3 percent to 21.2 billion Swiss francs but the second-half saw a slowdown. This may well shape expectations for 2019 which experts warn is showing signs of stagnation. […]

Nashville-based retailer Genesco has completed the sale of Lids Sports Group to FanzzLids Holdings for 101 million US dollars, following a definitive agreement announced in December. “The sale is still subject to working capital and other adjustments and does not include a tax benefit estimated a 30 […]

INTERVIEW Intersport is looking for new ways to grow. The shopping center specializing in sportswear and sports equipment is expected to conclude the first quarter of 2019 with several sales transactions, and the group wants to expand its online business, expecting growth prospects for 2019 to far exceed […]

New York - The executives of the world’s largest group of luxury goods, LVMH, enjoyed a millionaire rise in the value of their personal fortunes shortly after the company reported its results for fiscal year 2018. In particular, Bernard Arnault, the fourth richest person in the world according to the […]

Leading luxury group LVMH group, recorded revenue of 46.8 billion dollars in 2018, an increase of 10 percent over the previous year. All business groups within the LVMH portfolio recorded excellent performances. 2018 brought LVMH continued growth throughout markets in Europe, the U.S. and Asia. It credits […]

There are never any winners in a tradewar. Just ask Credit Suisse who took a 60 million dollar hit at the end of last year when they were left holding shares in Canada Goose, which took a dive after trade tensions between Canada and China. Last November, Credit Suisse acted as an underwriter on the […]

Calvin Klein has hopped on the bandwagon of fashion brands looking to get more eco-friendly. Their products will now feature an instruction label on how to recycle the packaging. The brand's parent company PVH Corp. has partnered with How2Recycle, a company that focuses on creating labels for recycling […]

Puma’s offices in Boston and Welford are set to be moved to the company’s new North America headquarters in Somerville, Massachusetts, in 2021. The larger, unified location will provide the company with five floors of office space, totaling 150,000 square feet. “The new headquarters will allow us to […]

Topshop owner Sir Philip Green is taking the Daily Telegraph to court over allegations the UK newspaper made in October that the retail mogul had sexually and racially harassed his employees. A judgement handed down yesterday by Justice Warby revealed that Sir Philip filed an application in December […]

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