For the year ending February 3, 2018, Selfridges recorded sales of over 1.75 billion pounds (2.28 billion dollars), up 11.5 percent and increase in operating profit to 181 million pounds (235.7 million dollars). The company said, sales and operating profit growth were delivered against a challenging […]

Shaftesbury PLC, the Real Estate Investment Trust that owns a 15-acre portfolio in London's West End, has reported that while the retail sector remains challenging, it had “robust trading” and footfall across its portfolio this summer. In its trading update for the six months to September 27, it states […]

Max Capital Management Holding Ltd is now officially becoming one of the angel investors of Global Brand Partners Pte Ltd. A signing ceremony was held at Hilton Hotel, Petaling Jaya on September 13, attended by more than 100 participants. Present at the signing ceremony were Adj. Prof. Maxshangkar, […]

ANALYSISNew York. - Michael Kors’ acquisition of Versace and the posterior corporate overhaul to launch Capri Holdings has shacked the luxury world as we understood it until today. This new luxury fashion conglomerate is the first for the U.S., in a world where France, Italy, and Switzerland have traditionally […]

ANALYSIS New York.- Barely hours before Michael Kors confirmed its acquisition of Italian fashion powerhouse Versace, the American company’s shares dipped, and closing down by over 8 percent. Citi analyst Paul Lejuez described the movement as an "overreaction" with some considering the stock to be oversold. […]

The online shop for luxury shoes, Martha Louisa, is giving up its business after only six months. The latest venture of MyTheresa founders Susanne and Christoph Botschen will stop operations at the end of the year. Martha Louisa has already cancelled its orders for Spring/Summer 2019 and is still in […]

Chanel has announced the acquisition of Orlebar Brown, the British luxury swimwear brand. The label was purchased from a series of shareholders, including investor Piper and the company’s founder Adam Brown. The terms of the transaction were not disclosed. “We are delighted to welcome Orlebar Brown […]

TIMELINE Berlin-based online retailer Zalando celebrates its tenth anniversary this year. A lot has happened since founders Robert Gentz and David Schneider brought parcels themselves to the post office from a shared flat cum office in Berlin Mitte. In 2017, the fashion platform offered nearly 2,000 […]

Swedish ready-to-wear giant H&M on Thursday said it saw a major boost in online sales in the third quarter, even as a cumbersome shift to faster logistics weighed down on profits. Hennes and Mauritz and other global high street chains have been pressing a drive to better integrate online markets, but […]

Second quarter net sales at Hema B.V. decreased by 0.5 million euros (0.59 million dollars) or 0.2 percent to 286.5 million euros (335.6 million dollars), which the company said was due to long period of exceptionally warm weather in Northern Europe and public transport strikes in France that led to […]

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