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 […]

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 […]

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 […]

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 - 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 […]

New York - The company has announced that they will be laying off an undisclosed number of employees in their factories, particularly in the Abrezzo region of Italy. According to a Brioni spokesman, the company is working on a strategy to find a balance between their workforce and production volume, […]

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