Despite the convention advising against mixing love and business, reality is that singer turned into fashion designer Victoria Beckham couldn´t have found a better financial partner that her partner in life. As per the accounts lodged at Companies House for fiscal year 2014, ownership of the fashion […]

It has been a tough year for American retailer J Crew, who this week reported another decline in sales in the last quarter. While overall the J Crew Group saw profits boosted by a buoyant Madewell brand - sales jumped 26 percent to 92.5 million dollars, sales of its flagship brand J Crew fell 2.6 percent […]

Volcom, part of Kering’s Sport and Lifestyle portfolio, confirmed that it has sold the premium sportswear brand Electric via a management buyout led by Electric’s chief executive officer, Eric Crane. Electric is a Californian premium sports and lifestyle brand, rooted in Southern California’s rich action […]

New York - Russia's economic woes are being felt by the fur industry in Italy. In 2015, sales of Italian fox furs and minks took a plunge. The unusually warm weather in the Northern parts of the United States this winter did very little for their profits as well. The Russian ruble's decline and rising […]

New York - Sandbridge Hill Capital, the private equity firm associated with Tommy Hilfiger, has acquired a majority stake in Thom Browne New York from Japan's Stripe International, formerly the Cross Company. Cross became involved with the company in 2009. They originally took a 20 percent stake in […]

With an estimated 21 million people worldwide being victims of modern slavery or enforced labour and illegal profits estimated at 150 billion US dollars per year, modern day slavery is very real. The majority of modern slaves are exploited in manufacturing, construction and agriculture, leaving the […]

New York - Hugo Boss had a tough last year. In their 2015 figures released today, they reported a net income drop of 5 percent to 354.7 million dollars. Consolidated net income attributable to shareholders was down 4 percent. They did see a rise in group operating profit of 1 percent to 695.6 million […]

New York - Alibaba Group Holding Limited announced today that they have signed a 3 billion dollar deal syndicated loan agreement with eight lead arrangers for five years. The loan, which is subject to upsize through oversubscription in syndication, has a five-year bullet maturity and is priced at 110 […]

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