There's only so many independent brands left up for grabs. With Versace recently being acquired by Tapestry Inc. (formerly Michael Kors Ltd.), luxury brands left up for potential acquisitions are few and far between. Roberto Cavalli is a jewel that no one has acquired yet though, but Diesel founder […]

TFG London, the owner of premium British brands Phase Eight, Hobbs, Whistles, Damsel in a Dress and Studio 8 said in its interim financial results for the six months to September 30, 2018, that the company reported sales of 200.4million pounds (252 million dollars) compared to 133 million pounds in […]

British business magnate and founder of Virgin Group, Sir Richard Branson, has said that a hard Brexit would be disastrous for the UK and would force many british business to close, leaving the country “near bankrupt”. “I think that Theresa May just needs to be 100 percent honest with the public,” Branson […]

For the year to March 25, 2018, EBITDA losses at Cath Kidston reached 10.5 million pounds compared to 8.4 million pounds, last year due to currency fluctuations, reports Retail Gazette. However, the company posted a 1.2 percent increase in revenues to 130.7 million pounds for the year under review. […]

French luxury giant LVMH said Friday that it had reached agreement to buy hotel group Belmond, whose properties include the Copacabana Palace in Rio de Janeiro and Cipriani in Venice, in a transaction worth 3.2 billion USD (2.8 billion euros). LVMH said it would acquire Belmond for 25.00 USD per class […]

Souler, the influencer commerce platform and community has announced that “selected influencers” will receive stock options in the company as part of its new “Chosen Influencer” programme. The platform, which is free for approved influencers and brands, enables influencers to sell products from premium […]

For its first half to September 30, 2018, Indian online fashion retailer Koovs Plc said that revenues were down by 40 percent at 195.9 million Indian rupees (2.7 million dollars), due to reduced gross order value and an increase in sales tax. However the company’s pre-tax loss reduced by 10 percent […]

Tom Tailor Holding SE has reaffirmed its medium-term growth targets in a continuously challenging market environment and said that it will focus on continuing the successful growth strategy of the Tom Tailor core brand. The company added that weaker than expected operational performance of Bonita will […]

L Brands, Inc., has announced that following its previously disclosed comprehensive review process, it has signed a definitive agreement to transfer ownership and operating control of La Senza – inclusive of the home office organization, North American stores and e-commerce and international partnerships […]

Third quarter revenues at Cherokee Global Brands decreased 25 percent to 5.8 million dollars in the third quarter, as the company said, it continues to transition from its DTR licenses to new wholesale licensing partners in the United States, which was partially offset by revenues from the company’s […]

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