Bangladesh wants to intensify its export efforts, planning to diversify both products and destinations, particularly to Russia and other countries of the Commonwealth of Independent States (CIS), where it also plans to open its first RMG warehouse outside of Bangladesh. “The country has so far only […]

ANALYSISPrada SpA reported a 23 percent fall in first-half net profit on Tuesday, hurt by a slowdown in Asia Pacific, particularly in Hong Kong and Macau. Likewise, net income fell to 188.6 million euros or 0.07 euros per share in the six months ended July, 31. Explaining the whooping drop in key growth […]

REPORT Ahead of its Annual General Meeting to be held today in Geneva, Richemont has said that its sales for the five months ended August 31, 2015 increased by 4 percent at constant exchange rates and 16 percent at actual exchange rates, positively impacted by the weakening of the euro against the US […]

REPORT Inditex Group revenue rose by 17 percent in the first half of 2015 from February 1 to July 31, 2015 to 9.42 billion euros (10.6 billion dollars), driven by growth across all its geographical markets. First half net profit stood at 1.16 billion euros (1.30 billion dollars), marking growth of 26 […]

Traders bought shares of Lululemon Athletica inc. (NASDAQ:LULU) on weakness during trading on Tuesday after Canaccord Genuity lowered their price target on the stock from 60 to 54 dollars, Analyst Ratings Network.com reports. As latest released data shows, 65.15 million dollars flowed into the stock […]

The Portland-based outdoor apparel company Trew has raised 1.6 million dollars in outside capital and plans to use it to expand the company’s product line, hire more employees and improve direct-to-consumer operations. BroadPeak Capital, a local firm that invests in growing athletic and apparel companies, […]

ANALYSISChanel seems to not feel its luxury peers ‘pain due to the economic downturn in Asia. The French maison has enjoyed spectacular growth in fiscal year 2014 in terms of turnover, operating profit and operating margin. Swiss publication ‘Bilan’ has had access to the 2014 financial statements of […]

REPORT The Prada Group said, consolidated net revenues for the six months ended July 31, 2015 amounted to 1,824.4 million euros (2,065.7 million dollars), with a 4.2 percent increase, at current exchange rates, on the corresponding period in 2014. Commenting on the company’s performance, Patrizio Bertelli, […]

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