REPORTThe Fast Retailing Group reported a rise in revenue but a fall in profit in the first half of fiscal 2016, or the six months from September 1, 2015 to February 29, 2016. Consolidated revenue increased 6.5 percent year-on-year, while consolidated operating profit totalled 99.3 billion yen (914.4 […]

REPORTH&M sales including VAT, for the first quarter from December 1, 2015 to February 29, 2016, increased by 9 percent in local currencies. Converted into SEK, sales including VAT increased by 8 percent to 50,624 million Swedish krona (6,214 million dollars). Sales excluding VAT amounted to 43,691 […]

REPORTErmenegildo Zegna Group has reported a 36.6 percent decline in its profits for the last year on the back of low demand in Greater China coupled with investments in retail expansion in growth markets such as Japan and UAE. The company said that its net profit to December 31, 2015 decreased to 45 […]

London - The industry was on edge for the better part of Monday, awaiting confirmation that Belgian designer Anthony Vaccarello was the one to take up the creative reins at French fashion house Yves Saint Laurent, following the exit of Hedi Slimane on Friday. Although rumours have been circulating for […]

REPORTMoss Bros reported improvement across business in 2015/16 with strong like-for-like sales growth and continued control over costs. Underlying profit before taxation on continuing operations was 5.9 million pounds (8.3 million dollars), compared with a profit of 4.8 million pounds (6.8 million […]

UPDATE London - Luxury conglomerate Kering has decided to end the wait by confirming the appointment of Belgian designer, Anthony Vaccarello, as creative director of Yves Saint Laurent. The new appointment comes three days after the exit of the fashion house former creative and image leader, Hedi Slimane […]

UPDATE Shandong Ruyi has signed a deal which would see the Chinese textile company acquire a controlling stake in fashion group Sandro, Maje and Claudie Pierlot (SMCP), valued at an estimated 1.3 billion euros. Shandong Ruyi confirms acquisition of SMCP News of the impending deal broke earlier this […]

At the end of a four-year mission, which has led to the complete repositioning of the brand, Yves Saint Laurent has announced the departure of Hedi Slimane as its Creative and Image Director. Since March 2012, under the creative helm of Slimane, the House enjoyed a holistic reform that has brought back […]

REPORTAfter Italian PE firm Clessidra SGR gained a controlling stake in the Roberto Cavalli group last year, the company said that its net profit stood at 32.7 million euros (37.2 million dollars) at the end of December 31, 2015. Revenues decline 14.2 percent Returning to profitability after reporting […]

REPORTLululemon Athletica net revenue for the fourth quarter ended January 31, 2016 increased 17 percent to 704.3 million dollars from 602.5 million dollars in the same quarter, last year. Net revenue for the fiscal year increased 15 percent to 2.1 billion dollars from 1.8 billion dollars in fiscal […]