Swiss luxury goods group Compagnie Financiere Richemont AG (CFRUY.PK) Friday announced a shareholder loyalty scheme, under which tradable warrants will be issued to shareholders. This will allow them either to trade the warrant or, subject to the terms and conditions of the warrants, acquire new Richemont […]

New York – Canada’s Tristan & Iseut Inc., a fashion brand founded in 1973, filed a notice of intention on July, 21 to seek protection under the Bankruptcy and Insolvency Act. The file was made publicly available by the company’s trustee MNP Ltd. According to MNP, this notice is often the first stage […]

Adler Modemärkte AG said in a statement that after the official order to close all 171 stores for several weeks in response to the Covid-19 pandemic had a massive impact on the KPIs in the first half of the year. Revenue amounted to 138.1 million euros, over 40 percent below the prior-year period. The […]

Joules Group revenue for fiscal year ending May 31, 2020 of 190.8 million pounds was down 12.5 percent. The company said in a statement that retail sales were 145.9 million pounds with store sales down 21.4 percent and e-commerce sales up 5 percent driven by strong sales through the group’s owned ecommerce […]

Peerless Clothing International has announced its president John Tighe will be departing the role after leading the company for over two and a half years. Nonetheless, he will continue working with the Peerless team to complete open projects and ensure a smooth transition, the company said. “He is a […]

Wolverine World Wide, Inc. reported revenue of 349.1 million dollars, down 38.6 percent versus the prior year. On a constant currency basis, the company said in a statement, revenue was down 38.3 percent versus the prior year, while company-owned ecommerce revenue grew 96 percent versus the prior year. […]

Capri Holdings Limited’s total revenue of 451 million dollars decreased 66.5 percent for the first quarter, while on a constant currency basis, total revenue decreased 66.2 percent. Gross profit was 302 million dollars and gross margin was 67 percent compared to 834 million dollars and 62 percent in […]

Amazon has confirmed it is preparing to launch in Sweden as the US retail giant continues its expansion. The company said the move will provide “new opportunities” for the country’s businesses “to reach new customers”. Third-party sales currently account for around 60 percent of all physical products […]

In the first half of 2020, the Lenzing Group said that it faced a historically difficult market environment with increased pressure on prices and volumes resulting from the Covid-19 crisis. The company said in a statement that immediate effects of the Covid-19 crisis further increased price pressure […]

The Express Inc. saw a significant increase in ecommerce demand and apparent stabilization in store sales and traffic in July, as it continues to drive the transformational work of its corporate strategy - The Expressway Forward. The company estimates second quarter comparable sales to be down 24 percent […]