Italian accessories brand Furla is one step closer to an initial public offering (IPO) after signing an agreement with Tamburi Investment Partners (TIP). The investment bank is set to underwrite a convertible loan of 15 million euros to the Italian company which will be swapped into Furla shares during […]

Upcoming major sporting events including the European Championships in football, Copa América and the Olympics are boosting sales at Puma. Kering-owned Puma said Friday its opening quarter net profit rose 4 percent to 25.8m euro, helped by improved sales in central Europe, strong performances in its […]

Luxury online retailer group Yoox Net-a-Porter Group has been recognised in Internet Retailer's ranking of the 100 largest online businesses in the US. The ecommerce platform has listed YNAP in its ranking of the 100 largest online businesses in the US in 2015, with Yoox Net-a-Porter Group being one […]

London - Following the first exposé into the farming of ostriches, which shined a light on the cruel practices used such as electrocution and plucking, PETA US has become a Prada shareholder. The animal rights charity has acquired one share in the fashion house in order to attend Prada's annual meetings […]

REPORTConsolidated revenues at Hermès amounted to 1,191 million euros (1,352 million dollars) in the first quarter, up 6 percent at constant exchange rates and current exchange rates. The group's stores posted sales growth of 8 percent at constant exchange rates in all the regions, which the company […]

REPORTAnnouncing its preliminary results for the first quarter, Adidas Group said, revenues increased 22 percent on a currency-neutral basis and 17 percent in euro terms to 4.8 billion euros (5.4 billion dollars). As a result of a higher gross margin as well as operating expense leverage, Group operating […]

Three years after the collapse of the Rana Plaza building in Dhaka that served as a wake-up call to the international garment industry, the Accord on Fire and Building Safety in Bangladesh has posted its latest update about progress in terms of factory inspections. According to the April 2016 factsheet, […]

London - Over the years lingerie giant Victoria’s Secret has become one of the largest lingerie retailers in the world - but in order to keep growing the company is said to be shedding its swim wear range. Earlier this year the company revealed plans to cut “certain merchandise categories” as it announced […]

Fidelity Management and Research Company, one of the world’s largest mutual fund companies, has invested 55 million dollars in talent, sports and fashion agency WME-IMG, which runs fashion week’s across the world including in New York, Berlin, Australia and Istanbul. Fidelity now joins SoftBank and […]

London - German accessories brand, MCM, known for its signature logo-printed, studded backpacks, is aiming to more than double sales to 2 billion dollars within five years, as it looks to expand in markets such as Europe and Japan. Founded in Munich in 1976 by designer Michael Cromer, the accessories […]

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