LVMH Moët Hennessy Louis Vuitton recorded revenue of 10.9 billion euros (13.4 billion dollars) for the first quarter 2018, an increase of 10 percent. The company said, organic growth was 13 percent compared to the same period of 2017, an increase to which all business groups contributed. It was 15 percent […]

London - French Connection Group PLC has sold its majority stake in fashion and homeware label Toast Limited, together with the stake held by the brand's founders, to Danish fashion group Bestseller United for 23.3 million pounds. The deal sees Jamies and Jessica Seaton, founders of womenswear and accessories […]

London - French luxury conglomerate Kering has confirmed it has begun to take the steps needs to sell skatewear brand Volcom, its final non-luxury label, as the group turns its full attention to strengthening its luxury labels. "In accordance with Kering’s strategy to fully dedicate itself to the development […]

UPDATE London - Struggling maternity and baby specialist Mothercare is said to be considering closing a number of its loss-making stores and seeking rent cuts in others as it continues to face difficult trading conditions. The high street retailer, which named industry veteran David Wood as its new […]

JoJo Maman Bébé’s total sales for the year ending June 30, 2017 increased by 9.7 million pounds (13.6 million dollars) or 20.3 percent to 57.5 million pounds (81 million dollars), which includes like-for-like sales rise of 14.5 percent. The company said in the accounts filed with the Companies House […]

The British online fashion retailer has seen its share price drop substantially, reaching a13-month low. The dip was triggered by RBC Markets doubts over the company’s future growth. “We do not think Boohoo’s customer proposition is competitive enough to sustain higher levels of growth, not least without […]

Marks & Spencer’s has experienced a 40 percent jump in sales of its lingerie collection in India over financial years 2015 and 2017. As a result, the British retailer is planning to increase the number of its standalone lingerie stores in the country. India is Marks & Spencer’s largest market outside […]

The Southeast Asian fashion startup has announced it has closed a 54 million dollars Series C funding round, what takes the total amount raised from investors to date to 82 million dollars. The round was led by new investor Sofina — an investor in Flipkart-owned fashion site Myntra among others — and […]

ANALYSIS Nine West Holdings will divest from its footwear business – the brand’s best known range- after filing for bankruptcy. The New York-based company said it would focus instead on its jewelry and clothing lines, which include Anne Klein, Kasper Group, and One Jeanswear Group. “This is a brand […]

The Spanish accessories brand Dayaday, owned by Tous, has increased its sales by 8 percent in 2017 reaching 19.6 million euros in annual turnover. The accessories brand, owned by the Tous family since 2013, has increased its sales by 8 percent in 2017, which allows it to triple its sales in four years, […]

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