The BasicNet Group has announced that BasicItalia, the group’s brand licensee for Italy, has acquired 61 percent in Sport Finance S.A.S., the holding company of Kappa brand licensee companies in France, UK, Switzerland, Spain and Portugal. The company said, BasicItalia executed this deal partly through […]

Ecommerce company eBay Inc. delivered revenue of 2.9 billion dollars, up 6 percent on both an as-reported basis and a FX-neutral basis, driven by GMV of 24.6 billion dollars, up 1 percent on as-reported basis and 2 percent on a FX-neutral basis, for the quarter ended December 31, 2018. GAAP net income […]

In its preliminary results statement for the fiscal year 2018, the Salvatore Ferragamo Group said consolidated revenues amounted to 1,347 million euros (1,541 million dollars), down 3.4 percent at current exchange and 1.7 percent at constant exchange rates. Revenues in the fourth quarter, the company […]

Leading luxury group LVMH group, recorded revenue of 46.8 billion dollars in 2018, an increase of 10 percent over the previous year. All business groups within the LVMH portfolio recorded excellent performances. 2018 brought LVMH continued growth throughout markets in Europe, the U.S. and Asia. It credits […]

New York - The underground war that the governments of China and the United States have been maintaining for months threatens to claim the first victim in the textile sector: the so-called 'fast fashion’, which has a large supply dependency of the Chinese giant, could be the first one to 'fall'. Increasing […]

UPDATE China’s Fosun International Ltd may obtain full control of German fashion retailer Tom Tailor, in which the company currently holds a stake of about 29 percent. Fosun informed the European Commission on December 21 that it may passively obtain “de facto control” of the Hamburg-based retailer […]

European fashion retailer Tendam, having Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands under its fold, has said, during the nine-month period, the company’s pre-tax profit reached 43.4 million euros (49.5 million dollars) against losses of 13 million euros between March and […]

Total sales at John Lewis for the week to January 26, 2019, were down 3.5 percent on the same week last year, while fashion sales were up 5 percent driven by demand for the company-owned brand fashion. The company said in a statement that sales of the company-owned brand womenswear brand Modern Rarity […]

A company owned by Sports Direct’s Mike Ashley is facing a fine for filing accounts six months late. Mash Holdings was supposed to file its accounts on 23 July 2018, but has not yet done so, meaning the company could face fines of up to 1500 pounds by Company House, according to the BBC. Mike Ashley […]

INTERVIEW Name: Trapeze Kids Location: SheffieldOwner: Donna Powell Established: 2016Product categories: Childrenswear, toys, accessories, homeware and gifts Brands: Bobo Choses, Indikidual, Monkind, Nadadelazos, Grimms Wooden Toys, Wee Gallery, Plan Toys and Design Letters Having spent 10+ years working […]

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