French flash sales site Vente-Privee.com SA is determined to speed up its acquisitions plan to remain ahead of close competitors such as Amazon.com Inc. “We have arrived at a phase of market growth where consolidation is logical and valuation multiples are rational,” founder Jacques-Antoine Granjon […]

American luxury retailer Neiman Marcus started October by laying off 500 corporate and support staff, therefore eliminating the retail jobs of about 3 percent of its workforce of 16,000 staff, as it tries to cut costs to pay for new stores and acquisitions. “Even as we adjust our course, our mission […]

REPORTGroup revenue at Ted Baker increased by 24.5 percent to 226.8 million pounds (343.8 million dollars) for the 28 weeks ended August 15, 2015. The composite gross margin fell to 57.6 percent from 58.5 percent last year. The company said, it was partly due to a change in sales mix between wholesale […]

Emanuel Ungaro and Aeffe SpA have decided not to renew the license they signed three years ago, as reported by WWD today. Aeffe will be focusing more on their own brands, while Modalis will be taking over the production of Ungaro's collections. Fautso Puglisi will continue to design the Ungaro line, […]

As of 00:01 am, Monday, October 5, 2015, the merger between Yoox Group and Net-a-Porter has come officially into effect, with the newly formed (and named) entity Yoox Net-a-Porter Group holding a cool market value of 3.6 billion euros. With the formation of the new group comes a new logo, which was […]

Los Angeles - Fast-fashion retailer Forever 21 currently faces a lawsuit from a SoCal manufacturer. The Gardena-based manufacturer Fashion Life Inc. claims that the trendy chain of retail stores has yet to pay up bills that are overdue. The six-page complaint states that the popular retailer owes over […]

Hong-Kong based Samsonite has bought Italian handbag and travel chain Chic Accents. The total cost of the consideration is 9.49 million dollars. “[We] intend to leverage the chain’s reputation for carrying some of the best Italian ladies’ fashion handbag brands to expand our presence in non-travel categories, […]

September 2015 same-store sales at Uniqlo Japan, a part of the Fast Retailing Group, increased by 2.6 percent year on year. While sales at its own stores increased by 3.1 percent, total sales including online sales increased by 3.4 percent. The company said that same-store sales rose year on year in […]

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