KKR & Co and Dubai-based Fajr Capital are reportedly close to buying a 25 percent stake in fashion retailer Azadea Group. According to three sources aware of the matter quoted by Reuters, "The deal isn't done but it's getting closer.” This would be the US private equity firm's first Middle Eastern investment. […]

REPORT For the fiscal year 2014, Giorgio Armani reported that earnings before interest, taxes, depreciation increased 5.7 percent to 507 million euros (553.9 million dollars) or about 674.3 million euros (736.2 million dollars) at current exchange rate from 479.8 million euros (524.1 million dollars), […]

ANALYSISThe second-largest maker of luxury goods has forecast profitability to drop this year as the surge in the Swiss franc increases the cost to produce timepieces by some of Richemont group’s most popular brands. Now, the Swiss group expects gross margin to come in at about 65 percent in the 12 […]

ANALYSISMoss Bros [IRDX RMOS] today has kicked off fiscal year 2015 boosted by a steady 65 percent increase in online sales. The retailer explains this sky-rocketing rise in online sales with the continued development of its retail and hire websites. In a trading update, the British formalwear retailer […]

The Woolworths name could be put up for sale after its current owner, online retailer ShopDirect, has announced over the weekend the imminent closure of its website. The group’s chief executive advanced the investment would be directed towards a more successful website. As revealed by Shop Direct’s […]

REPORT For the fourth quarter of fiscal 2015, Deckers Brands net sales increased 15.6 percent to a 340.6 million dollars compared to 294.7 million dollars for the same period last year. On a constant currency basis, net sales increased 19.1 percent. For the fiscal year 2015, net sales increased 14.5 […]

REPORT Pacific Sunwear of California announced that net sales for the first quarter of fiscal 2015 ended May 2, 2015, were 166.5 million dollars versus net sales of 171.1 million dollars for the first quarter of fiscal 2014 ended May 3, 2014. Comparable store sales for the first quarter decreased 2 […]

REPORT Abercrombie & Fitch reporting its unaudited first quarter financial results said that its GAAP net loss was 63.2 million dollars and net loss per diluted share was 0.91 dollars for the thirteen weeks ended May 2, 2015, compared to a GAAP net loss of 23.7 million dollars and net loss per diluted […]

REPORT Express operating approximately 630 stores, reported net sales increase of 9 percent to 502.4 million dollars from 460.7 million dollars in the first quarter of 2014. Comparable sales including e-commerce sales increased 7 percent. E-commerce sales rose 12 percent to 77.6 million dollars. Commenting […]

Hot Topic, Los Angeles-based apparel retailer, announced their acquirement of Geeknet Inc., online retailer company owner of ThinkGeek. The two apparel companies agreed upon the understanding that from now on Hot Topic will acquire all of Geeknet, Inc.’s outstanding shares. Hot Topic will acquire each […]




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