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Sosandar looking to raise at least 4 million pounds to accelerate growth

British womenswear brand Sosandar is looking to raise at least 4 million pounds to accelerate its growth. The company has announced a proposed placing of no less than 18.18 million new ordinary shares via an accelerated bookbuild at a price of 22 pence per share. Additionally, it plans to carry out a separate offer of up to 2.27 million new...


Under Armour's Q3 revenues increase, raises outlook

For the third quarter, Under Armour revenue was up 3 percent or 7 percent currency neutral to 1.6 billion dollars compared to the prior year. According to Reuters, after the company raised its annual profit forecast, its shares rallied up 8 percent premarket. Diluted earnings per share are now expected to be in the range of 71 cents to 75 cents....


Capri Holdings posts drop in revenue and earnings

Capri Holdings Limited’s third quarter revenue decreased 6 percent on a reported basis and 0.5 percent in constant currency to 1.51 billion dollars. Gross profit was 1.01 billion dollars and gross margin was 66.5 percent compared to 1.05 billion dollars and 65.1 percent in the prior year. Adjusted gross profit was 1 billion dollars and adjusted...


Designer Brands acquires Keds brand from Wolverine Worldwide

Designer Brands Inc. has completed the acquisition of Keds from Wolverine Worldwide. "Our growing strength in owned Brands is evident, given that just twelve months ago, the athleisure category was a massive white space opportunity for us, and we now control high-quality brands across multiple price points," said Doug Howe, incoming chief...

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