New York - Spanish fashion firm Pepe Jeans has reached an agreement with its creditors to refinance 230 million euros worth of debt over the next five year. The agreement with its creditors, 14 in total among which are banks such as BBVA, Santander and Caixabank, sealed the refinancing of 230 million […]

New York – The Italian specialty fashion brand Twinset, has just announced the launch of its 'Pleasedontbuy' initiative, a series of capsule collections available only for rent. Twinset, owned by the investment firm Carlyle, will officially make available its new capsule collection next September: Pleasedontbuy, […]

Chico's FAS, Inc. has announced that Bonnie Brooks has been appointed Chief Executive Officer and President of the company and will remain a member of its board. The company added that additionally, Molly Langenstein, a 30-year retail industry veteran, has been appointed President, Apparel Group, effective […]

Second quarter sales at Skechers USA, Inc., the company said, grew 10.9 percent as a result of a 19.8 percent increase in the company’s international business and 1.5 percent in its domestic business. On a constant currency basis, sales increased 13.7 percent. Earnings from operations increased 29.7 […]

ANALYSIS New York –On Thursday, Asos Plc (ASOS.L) said in an unscheduled announcement that it expected full-year profits to be up to 45 percent lower than what the City expected. This is the third time I the year to date that the online fashion retailer has issued a profits warning. Over the past eight […]

Sales at Compagnie Financière Richemont SA for the first quarter increased by 12 percent at actual exchange and 9 percent at constant exchange to 3,740 million euros (4,202 million dollars) compared to the prior year period. The company said in a statement that excluding online distributors, sales rose […]

For its first quarter to June 29, 2019, Burberry Plc reported retail revenue of 498 million pounds compared to 479 pounds same quarter last year, representing a growth of 4 percent at reported FX and 2 percent CER. The company said, comparable store sales increased 4 percent with growth led by new product. […]

Net revenues at Brunello Cucinelli SpA for the first half of 2019 were 291.4 million euros (328.4 million dollars), a rise of 8.1 percent at current exchange and 7.2 percent at constant exchange rates compared to last year’s 269.5 million euros. Commenting on the first half trading, Brunello Cucinelli, […]