In its first quarter, LVMH Moët Hennessy Louis Vuitton, reported revenue of 12.5 billion euros (14.1 billion dollars), an increase of 16 percent, while the company said, organic growth was 11 percent compared to the same period of 2018. The group’s fashion & leather goods business group achieved organic […]

Maximalism has been trending for close to a decade now. In 2010 as the world began to pull itself out of the worst global economic crisis since the Great Recession, designers began returning to a maximalist aesthetic. Embellishments, bright colors, patterns, and the idea of wealth was celebrated again. […]

ANALYSIS New York – Hours before Debenhams made public its ‘pre-packed administration’ deal, Mike Ashley, founder and owner of Sports Direct, made a last-minute offer to the ailing retailer. So why did Debenhams’ management turn down that eleventh-hour lifeline? Sources close to the matter have unveiled […]

ANALYSIS New York – Earlier this week the British department store chain entered administration after struggling for years with shrinking margins, rising costs and a loss of consumers’ interest in their offering. Now, lenders have taken control and this is what the market says. This Tuesday Debenhams […]

British e-commerce giant Asos has seen its pre-tax profits slide 87 percent for the six months period ending 28 February. The company stated its sales have since stabilised but dropped in Google and search rankings when it adjusted its navigation resulting in a drop in website visits. Asos Chief executive […]

Revenues in the first three months of fiscal 2018/19, Ahelrs Ag said exceeded the expected decline at medium single-digit percentage rate. The company added that though sales of suits and jackets continued to stabilise as in the fourth quarter of the previous year, they were down by 1.6 million euros […]

Ted Baker has entered into an agreement with Shanghai LongShang Trading Company Ltd. (LS) to create a joint venture in Mainland China, Hong Kong and Macau. The company said, LS will assign its rights under the JV to a newly incorporated Hong Kong investment vehicle to be wholly owned and formed by LongGoal […]

Levi Strauss & Co. in its statement for the first quarter ended February 24, 2019 said net revenues grew 7 percent on a reported basis and 11 percent on a constant-currency basis, excluding 48 million dollars in unfavourable currency translation effects. The company added that diluted earnings per common […]

British department store chain Debenhams has entered into administration today, April 9, following the rejection of Sports Direct boss Mike Ashley’s 200 million pound rescue plan. The retailer’s 165 department stores will initially continue to trade, stated Chad Griffin, Simon Kirkhope and Andrew Johnson […]

iOS users can now use WhatsApp’s Business app too. The messaging service, whose business version was previously only available for Android, announced on its blog that WhatsApp Business for iOS is now available to download from the App Store in the UK, US, Brazil, Germany, Indonesia, India and Mexico, […]

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