Italian firm Tod’s S.p.A., for its first half of 2019, reported consolidated sales were 454.6 million euros (509.5 million dollars), down 4.7 percent from H1 2018. At constant exchange rates, the company said, sales would have been 449.8 million euros (504.2 million dollars). The company added that […]

ANALYSIS New York –British online fashion retailer Boohoo plc. announced earlier this week it had made an offer to buy “the online business of renowned British brands Karen Millen and Coast, together with all associated intellectual property rights.” Boohoo has bought the online business and all associated […]

Capri Holdings Limited’s total revenue of 1.346 billion dollars increased 11.9 percent in the first quarter compared to last year, while on a constant currency basis, total revenue increased 13.8 percent. The company said, net income was 45 million dollars or 30 cents per diluted share compared to 186 […]

Tailored Brands, Inc. has announced the appointment of three executives reporting to Carrie Ask, Brand President, Men’s Wearhouse and Moores, to drive and advance execution of the brands’ growth strategies. The company said, joining the team are Mary Ann McGrath as Senior Vice President and Chief Marketing […]

The Lenzing Group increased revenue by 1.2 percent in the first half of 2019 to 1.09 billion euros (1.22 billion dollars). The company said, share of specialty fibers in revenue, at 48.4 percent, significantly exceeded the prior-year value of 44.1 percent. Net profit for the period decreased by 15.9 […]

UPDATENew York-based department store Barneys has filed for Chapter 11 bankruptcy protection after weeks of speculation. It has entered into an agreement with Gordon Brothers and Hilco Global, providing it with 75 million dollars of new capital to stay afloat during the proceedings. As part of the restructuring, […]

For its first half period, Safilo Group S.p.A. reported net sales from the continuing operations of 495.9 million euros (551.7 million dollars), up 6.5 percent at current exchange and 3.9 percent at constant exchange rates compared to the same period of 2018 with the wholesale business showing an improvement […]

New York – Private equity investors surveyed by Deloitte forecast major players in the personal luxury goods industry – which is inclusive the luxury apparel - to achieve 1.1 times their 2018 sales index by 2021 (which means growing by 4 percent CAGR in the period comprehended between 2018 and 2021.) […]