REPORT Wolford closed the 2014/15 financial year from May 2014 to April 2015 with revenue rise of around 1 percent to 157.35 million euros (170.8 million dollars), supported by positive foreign exchange effects. In addition, the company recorded a profit for the first time after two loss-making years: […]

As confirmed by both parties, an agreement sealing the previously announced acquisition of 51 percent of the capital of Dirk Bikkemberg. The remaining 49 percent will be retained by its current owners, Zeis Excelsa and Sinv. "I chose to invest in Dirk Bikkembergs because I think it can become a global […]

ANALYSISAs broadly predicted, Burberry´s quarterly results have not been as strong as they once were, in part given the China's luxury market slowdown. The recent turmoil in China’s stock market is a symptom of the overheated growth that economy has seen in recent years, recalls IG senior analyst Chris […]

REPORT During the first half of 2015, sales at Carrefour were 42.3 billion euros (46 billion dollars), up 5 percent in total and up 2.9 percent on an organic basis. In the second quarter sales stood at 21.4 billion euros (23.3 billion dollars), up 4.2 percent in total and up 2.6 percent on an organic […]

Turkey's ready-to-wear garment sector whose main trade partner is the EU, lost 1.2 billion US dollars in export losses year-on-year in the first half of this year due to a weakening euro. T-shirts, sweaters, sweatshirts, socks, suits, blouses, men's shirts and pants remained the top export items. In […]

Re:Capital, the Canadian arm of British firm Hilco Capital, has acquired Tilley Endurables Inc., a hat and travel apparel company for an undisclosed sum and intends to invest in boosting the business. The premium apparel producer and retailer is well known for its hard-wearing sun hats. The retailer […]

Alibaba Group Holding Limited (NYSE:BABA) announced earlier this month its investment in Mei.com, China’s leading flash sales platform for luxury and fashion products. As reported by leading Chinese media, Alibaba has agreed to invest over 100 million dollars in Mei.com. Alibaba will hold more than […]

REPORT The H&M Group’s sales including VAT increased by 14 percent in local currencies in June 2015 compared to the same month in the previous year. The company said that sales in June have been positively affected by calendar effects of approximately 3 percentage points. The total number of stores […]

REPORT At 407 million pounds (637.1 million dollars), retail sales in the first quarter at Burberry, increased by 8 percent underlying and 10 percent at reported FX. Of this 8 percent underlying growth, comparable sales growth was 6 percent, with the balance from new space. By region, there was double-digit […]

The Competitions and Markets Authority (CMA) has launched an inquiry into the merger of luxury online retailer Net-a-Porter with its Italian competitor Yoox. Net-a-Porter’s owner, Richemont, confirmed the 1.3 billion euro merger in March, and stated that the two brands would collectively been known […]

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