Amer Sports Corporation announced through a statement that it has completed the acquisition of Peak Performance from IC Group. The company said, Peak Performance business will be consolidated into Amer Sports as of July 2, 2018 and that the acquisition will have a minor positive impact on Amer Sports' […]

INTERACTIVE Sportswear player Nike, Inc. recorded a revenue increase of 13 percent to 9.8 billion dollars in its fourth quarter, which the company said, was driven by strong double-digit revenue growth in international markets and Nike Direct globally, and a return to growth in North America. Diluted […]

Online marketplace for second-hand designer fashion, has announced through a statement that it has raised a multi-million-euro investment from Italy’s largest media group Mediaset. “With this long term partnership we can push the international roll-out of Rebelle and grow our brand awareness […]

Sales including VAT increased by 2 percent to 60,463 million Swedish krona (6,738.6 million dollars) in the second quarter. Sales including VAT in the six-month period amounted to 114,017 million Swedish krona (12,707 million dollars) against 113,907 million Swedish krona (12,695 million dollars). In […]

Austrian real estate company SIGNA Group announced in a press release that it has signed the contracts for the acquisition of kika/Leiner, Austria’s second largest furniture chain. In the news release, SIGNA detailed that the acquisition includes the operative retail business, with its approximately […]

American ice cream company Häagen-Dazs is stepping into the realm of fashion with its House of Häagen-Dazs 48 Hour Collection. It will be designed by fashion students and presented at Berlin Style Week from July 4 to 5. The collection will be conceived by three fashion apprentices from the College […]

Global Brands Group’s revenue for the year to March 31, 2018, increased by 3.4 percent to 4,023 million dollars, compared to last year. The company said , this increase was offset, by Coach taking their footwear business in-house when their license expired in June 2017, and the cessation of the Quiksilver […]

Differential Brands Group Inc. has entered into a definitive purchase agreement with Global Brands Group Holding Limited (GBG), to acquire a significant part of GBG’s North American licensing business, for a purchase price of 1.38 billion dollars. GBG's North America business is comprised of licensed […]

The John Lewis Partnership has said in a statement that its half year profits before exceptional items to be close to zero this year. For the full year, the company added, there are a wide range of possible outcomes, given the market uncertainty, but it is currently assuming that profits before exceptional […]

Meadowhall saw successful response to Eid al-Fitr marketing campaign to date, with sales and footfall during the Eid weekend rising by 8 percent and 4.9 percent respectively. The rise in sales, the company said, is the strongest year-on-year growth of 2018. Commenting on the positive trading, Jonathan […]

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