Kappahl’s net sales for the fourth quarter amounted to 1,239 million Swedish krona (137 million dollars), a decrease of 0.7 percent affected by 1.6 percent drop in comparable store sales, 1.9 percent negative impact of new and closed stores, and currency translation differences totalling 2.8 percent. […]

Everyday we see more global brands, like H&M, Inditex, or Nike, present new lines created with organic cotton. However, the product has yet to expand in terms of an increase in demand, global production, and awareness from consumers about clothes with sustainable production. The concept of organic cotton […]

N Brown plc said that its revenue in the first half increased by 1 percent to 457.8 million pounds (604.5 million dollars), with Q2 revenues up by 1.5 percent compared to an increase in Q1 of 0.4 percent, driven primarily by a strong performance in financial services. Product revenue excluding stores, […]

Zumiez Inc. reported 8 percent decrease in total net sales for the five-week period ended October 6, 2018 to 77.7 million dollars, compared to 84.4 million dollars for the five-week period ended September 30, 2017. The company's comparable sales increased 1.2 percent for the period under review compared […]

As a part of its turnaround strategy, Gerry Weber International AG signed an agreement to sell the showroom centre “Halle 29” in Düsseldorf to Bremen, a subsidiary of Zech Group for around 36 million euros. The company said that divestiture of the non-core property will result in extraordinary income […]

London - Premium British cycling apparel brand Le Col has raised 2.35 million pounds from Puma Private Equity to fuel further growth, with the opportunity to increase the investment to 3.5 million pounds. Founded in 2011 by ex-professional cyclist Yanto Barker, the London-based Le Col has become known […]

Ariel Chaus, current CEO of Bernard Chaus Inc. (BCI) is repurchasing 100 percent of BCI's shares from Camuto Group to reclaim full ownership of the brand. In addition, the company said, Bernard Chaus is partnering with Authentic Brands Group (ABG) on a shared ownership interest in the intellectual property […]

DSW Inc. has announced the acquisition of operations of Camuto Group, known for its Vince Camuto brand and the footwear licenses of Jessica Simpson and Lucky Brand. Additionally, the company said, DSW along with Authentic Brands Group LLC (ABG), have jointly acquired several intellectual property rights […]

British luxury goods brand Alfred Dunhill has announced today that it has won a major victory in a long-running trademark battle in China. The brand has been awarded 10 million CNY (1.01 million pounds or 1.47 million US dollars) following the Foshan Intermediate People’s Court’s decision that rival […]

China's ultra wealthy saw their ranks thinned this year as the trade war with the US pummelled stocks and shredded billions of dollars of paper wealth, a survey showed Wednesday. The number of Chinese, or China-based magnates, with a net worth over 2 billion yuan (290 million USD) fell by 237 to 1,893 […]

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