Kinnevik’s NAV decreased by 10 percent to 70.5 billion Swedish krona (7.6 billion dollars), or 256 Swedish krona per share, in the fourth quarter, which the company said was driven mainly by the negative share price development in Zalando. The company today also announced investment of 0.9 billion Swedish […]

One week after a groundbreaking research revealed the abuses endured by home-based garment workers in India, of whom 95 percent are female, Human Rights Watch (HRW) has published a report calling on the apparel sector to do more to combat sexual harassment against women and girls across the supply chain. […]

Iconic denim jeans company Levi Strauss & Co. Wednesday said it has filed for an initial public offering. The 145-year old company plans to list its shares on the New York Stock Exchange under the symbol "LEVI." The company said the number of shares to be offered and the price range for the proposed […]

Liberty London department store could be going up for sale after its largest shareholders hired bankers to explore a potential sale of its stake in the business, Sky News reported. Private equity firm BlueGem Capital Partners has “asked UBS to sound out prospective bidders for business” and is looking […]

Investment fund QuattroR has completed the acquisition of a 60 percent stake in the Italian fashion house Trussardi. In a statement, QuattroR said it will provide Trussardi with the economic and financial support needed to implement a new international development plan to relaunch the brand and strengthen […]

For the third quarter, group underlying operating profit at New Look reached 38.5 million pounds (49.6 million dollars) compared to underlying operating loss of 5.1 million pounds in the third quarter of FY18. Revenues were down 5 percent to 1,016.1million pounds (1,310.6 million dollars) for the third […]

VIA Outlets, the joint outlet shopping venture between Hammerson, APG, Value Retail and Meyer Bergman, has reported that total brand sales has increased to 1.07 billion euros in 2018. The strong FY 2018 results shows that the outlet shopping destinations, which are located in nine European countries, […]

Total sales at John Lewis for the week to February 9, 2019 were down 3.2 percent on the same week last year. The company said in a statement that fashion sales during the week under review were up 3 percent. The company saw strong demand for new season collections in women's accessories and menswear […]

For its fourth quarter, Under Armour, Inc. reported 2 percent or 3 percent rise in currency neutral revenue to 1.4 billion dollars. Wholesale revenue for the quarter increased 1 percent to 737 million dollars and direct-to-consumer revenue was flat at 577 million dollars, representing 41 percent of […]

Gone are the days when international fashion brands considered Brazil a promising market. Versace closed down its last store in the country in December, followed by Ralph Lauren one month later. Local real estate company JHSF, which brought the American brand to Brazil in 2015 with a shop in São Paulo’s […]

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