UPDATE London - SMCP, the fashion group consisting of French fashion labels Sandro, Maje and Claudie Pierlot is inching closer to a potential sale to Chinese textile manufacturer Shandong Ruyi, in a deal which is said to value the group at 1.3 billion euros (1.45 billions US dollars), including debt. […]

REPORTDuring the year 2015, H&M has confirmed in its annual results that sales totaled 210 billion Swedish krona (25.7 billion dollars) including VAT, which is an increase of 19 percent in SEK. In local currencies the increase was 11 percent. Profit for the year after tax increased to 20.9 billion Swedish […]

British luxury accessories label Aspinal of London has brought on a team of advisors from accountancy firm PricewaterhouseCoopers to help find new investors to back its international expansion plan. The luxury label, best known for its leather handbags, is said to be looking for an investor to acquire […]

Asics America, known for their running shoes, recently had a legal issue with their former partner, Windsor Financial Group LLC. Windsor filed a civil suit against the Asics brand due to unfulfilled promises from the company. The suit was filed Wednesday, where Windsor charged Asics for not helping […]

Italy's luxury fashion house Versace said Thursday its revenues in 2015 grew 17.5 percent, thanks largely to sales of its accessories and its cheekier second line, Versus. While the brand's revenues grew by 645 million euros ($720 million), its retail sales were 28.9 percent higher at 400.7 million […]

French luxury goods group Hermes said Wednesday that net profit rose to skim the billion-euro mark last year despite an economic slowdown in China, the Paris terror attacks and currency fluctuations. Hermes, known for its leather handbags such as the Birkin named for the British singer and its silk […]

The American Apparel & Footwear Association today announced its recently elected and re-elected board members. Members are elected to serve a three- year term from April 1, 2016 to March 31, 2019. AAFA's board also rotates its officers every year and appoints one board member to Secretary. Officer positions […]

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 […]

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