New York – Golden Goose, Permira and The Carlyle Group (NASDAQ: CG) announced Wednesday that the private equity firm will acquire Carlyle’s majority stake in the Italian luxury fashion brand. The transaction is subject to customary conditions and is expected to close in the next months. “This is really […]

Consolidated revenue at Kering amounted to 15,883.5 million euros (17,321 million dollars) in 2019, up 16.2 percent as reported and 13.3 percent on a comparable basis fuelled by growth across all regions. The company said in a statement, gross margin was 11,775 million euros (12,840 million dollars), […]

Under Armour, Inc. revenue was up 4 percent to 1.4 billion dollars, while the revenues also rose 4 percent currency neutral in the fourth quarter. The company said, gross margin increased 230 basis points to 47.3 percent , while net loss was 15 million dollars or 3 cents diluted loss per share “Under […]

Moncler S.p.A. said in a statement that in the 12 months ended December 31, 2019, the company’s net profit increased 9 percent to 361.5 million euros (394.4 million dollars), while revenues rose 15 percent to 1.62 billion euros (1.77 billion dollars). However, the company added that coronavirus outbreak […]

New York – Forever 21 is reported to have taken an 81 million dollars from a group of buyers led by commercial real estate developers including Simon Property Group and Brookfield Property Partners. "Once approved the agreement will allow Forever 21 to come out of bankruptcy, keeping its headquarters, […]

HanesBrands, for the fourth quarter ended December 28, 2019, reported net sales of 1.75 billion dollars, decrease of 1 percent while constant-currency organic sales increased slightly. For the full year, net sales increased 2 percent to 6.97 billion dollars. The company said in a statement that fourth-quarter […]

Columbia Sportswear Company announced through a statement that fourth quarter net sales increased 4 percent to 954.9 million dollars against the comparable period in 2018. Gross margin declined 160 basis points to 50.1 percent of net sales from 51.7 percent of net sales for the comparable period in […]

Net sales totalled 1.82 billion dollars for the second quarter at Tapestry inc., an increase of 1 percent on a reported and constant currency basis. Net income for the quarter was 299 million dollars on a reported basis, with earnings per diluted share of 1.08 dollars compared to 255 million dollars […]