REPORTDSW has said that its third quarter sales decreased 0.6 percent to 666 million dollars compared to last year's sales of 670 million dollars. Comparable sales decreased by 3.9 percent compared to last year's increase of 2.6 percent and gross profit decreased by 270 bps driven by markdown activity […]

J&F Investimentos SA, which manages investments for Brazil's billionaire Batista family, has agreed to pay 2.67 billion reais (716 million dollars) in cash for a controlling stake in Alpargatas SA (ALPA4.SA), the maker of the Havaianas flip flops. Under terms of the deal, J&F will pay 12.85 reais per […]

US developer and licensee of apparel and accessory brands Authentic Brands Group LLC is allegedly preparing for an initial public offering (IPO) of shares. People familiar with the matter point at the first half of 2016 as the preferred date range. Authentic Brands' majority owner, private equity firm […]

New York - Tod's SpA has acquired the Roger Vivier trademark for 415 million euros, or 441.7 million dollars at current exchange. The luxury footwear label, which is a prime competitor to brands like Manolo Blahnik and Jimmy Choo, is licensed to Tod's by the seller, Gousson Consultadoria e Marketing […]

The founder of Chinese e-commerce giant Alibaba is in talks to buy a stake in the publisher of Hong Kong's South China Morning Post newspaper, Bloomberg News reported Monday. Discussions are at an advanced stage, it quoted two unidentified people familiar with the matter as saying. A signing ceremony […]

China's JD.com and the Otto Group, the largest online retailer for fashion and lifestyle in Europe and the second-largest online retailer in the world with end consumers, have announced a joint venture to provide B2C e-commerce services for international brands on the JD.com platform. Based in Germany, […]

Only The Brave, Diesel´s owner Renzo Rosso's company, has acquired the totality of Italian fashion brand Marni. Under the new owners, brainchild brand of Consuelo Castiglioni will undertake a further expansion. Three years after having acquired a majority stake in Marni, OTB has now the 100 percent […]

REPORTNet income of Foot Locker in third quarter ended October 31, 2015 was 80 million dollars, or 0.57 dollar per share. Excluding pre-tax litigation charge, which reduced after-tax earnings by 43 cents per share, non-GAAP earnings were one dollar per share, a 20 percent increase over the 83 cents […]

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