Clothing retailer Jigsaw has reported an 8 percent increase in its annual revenues to 94.7 million pounds (123 million dollars) for the year ended October 1, 2016, reports City A. M. The report further said, the sales growth was driven by 18 percent jump in UK online sales and 11 percent rise in profit […]

Richemont has announced in a media statement that it has completed the sale of its wholly-owned subsidiary, Shanghai Tang, on June 30, 2017 to an entity controlled by Alessandro Bastagli, an Italian entrepreneur. The company said, transaction will have no material impact on Richemont’s balance sheet, […]

To guarantee that efforts are sustained beyond May 2018, the time when the five-year duration of the Bangladesh Accord on Fire and Building Safety will run out, a new Bangladesh Accord has been announced yesterday at the OECD Global Forum on Responsible Business Conduct in Paris. “The renewal of the […]

London - Burberry is reportedly dealing with increasing pressure from two shareholder groups concerning share awards paid out to outgoing CEO and Chief Creative Officer Christopher Bailey and CFO and COO Julie Brown. The Investment Association issued an 'amber-alert' to its members on Wednesday, ahead […]

Just a week ago, J. Crew's restructuring debt program was released. The sophisticated fashion label was making progress towards improving its debt after receiving approval for a credit agreement. Only a couple days later, two lenders had filed a lawsuit against the pepper retailer in order to try and […]

It's not too often that there is a face-off between a fast-fashion brand and a major luxury brand over trademark. However, Forever 21 and Gucci are locked in a heated battle over trademark. After sending numerous cease-and-desist letters in regard to the Gucci stripes, Forever 21 is seeking protection […]

Chinese e-commerce giant Alibaba said Wednesday it would inject another 1 billion USD into Southeast Asia's Lazada, as the cashed-up company increases its stake in the region's nascent online shopping market. The investment will raise Alibaba's holding in Lazada to 83 percent from 51 percent and take […]

Belgian prosecutors said on June, 22 they have closed an investigation into a 2.9 billion euro capital increase in a Belgian company owned by billionaire and chief executive of LVMH (LVMH.PA) Bernard Arnault. According to the court report, prosecutors in charge of the case concluded that Arnault has […]

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