New York - Lojas Renner SA reported on Thursday a quarterly net profit that was 45 percent higher year-on-year and greatly exceeded market expectations, helped by double-digit sales growth. Brazil's largest fashion retailer issued a securities filing, indicating first-quarter net profit came in at 161.6 […]

It looks like Kering is about to settle its tax dispute in Italy. The luxury conglomerate is close to signing a deal with the Italian tax authorities, agreeing to pay between 1.3 billion and 1.4 billion euros (approximately 1.5-1.6 billion US dollars), according to Italian newspaper Il Sole 24 Ore and […]

Luxury footwear label Donald Pliner has announced a new ownership. Previously owned by Castanea Partners, Donald Pliner, DJP Holdings, LLC was sold to Studion H 33. Inc, which is owned by John Hanna. This transaction took place at the end of last year. In addition, Hanna assumed the role of CEO of the […]

After five months, Off-White has settled its trademark infringement case against Brooklyn-based childrenswear label Brooklyn Lighthouse. The luxury brand initially filed its lawsuit against the kids' brand in a New York federal court in December, stating that the latter was infringing on its federally […]

Net sales at Steve Madden increased 5.6 percent to 410.9 million dollars for the first quarter to March 31, 2019. The company said, gross margin was 38.2 percent compared to 36.2 percent in the same period last year, an increase of 200 basis points, while net income attributable to Steven Madden, Ltd. […]

Coty, the American beauty company behind brands Cover Girl, Rimmel and Max Factor, has been producing fragrances for Marc Jacobs for the last ten years. In fact, the partnership is so successful that the two parties decided to renew their long-term fragrance license agreement. “The renewal of our long-term […]

Canadian sportswear label Lululemon, best known for its yoga pants, has announced plans to venture into the footwear market, following a successful partnership with Athletic Propulsion Labs (APL) in 2017, when 23 Lululemon stores across North America offered an assortment of male and female footwear […]

A proposed merger of British supermarket powerhouses Sainsbury’s and Asda has been blocked by the UK’s competitive regulator due to concerns the deal would hike up prices and reduce the quality and range of products available. In its final report published Thursday, the Competition and Markets Authority […]

In the first quarter of 2019, Hermès Group said that consolidated revenue amounted to 1,610 million euros (1,795.5 million dollars), up 16 percent at current exchange and 12 percent at constant exchange, driven by 13 percent sales growth in the group stores at constant exchange rates. Commenting on […]

To transform the fashion industry, global fashion retailer C&A together with its corporate foundation, the C&A Foundation, launched the Style for Good Centre in Amsterdam two years ago, with the aim of transforming the fashion industry, driving its transition to a circular economy and bringing industry […]

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