Announcing its financial results for the fourth quarter and full year, Gildan Activewear Inc. said strong performance in the fourth quarter reflected an increase of 16 percent in GAAP diluted EPS and an increase of 39 percent in adjusted diluted EPS, driven by sales growth of approximately 14 percent […]

Tapestry, Inc. has declared a quarterly cash dividend of 3375 cents per common share. The company said in a statement that this dividend is payable on April 1, 2019 to shareholders of record as of the close of business on March 8, 2019. Announcing its second quarter results at the beginning of this […]

PVH Corp. has entered into a definitive agreement to acquire Gazal Corporation Limited that it does not already own for 6 Australian dollars per share. The company said, Gazal has been PVH’s long term partner in Australia and if the acquisition is consummated, PVH will acquire its joint venture with […]

Wolverine Worldwide, Inc. said reported revenue of 579.6 million dollars increased 0.2 percent during the fourth quarter, while underlying revenue increased 3.8 percent and further adjusting for currency, increased 4.6 percent. Reported revenue of 2,239.2 million dollars decreased 4.7 percent for the […]

The death of legendary designer Karl Lagerfeld leaves a huge hole at the head of Chanel, but the fashion juggernaut is in such rude health it is likely to power on without him, analysts say. The workaholic German turned around the fading fortunes of Coco Chanel's iconic house in his 36 years in charge, […]

INTERVIEWCompanies looking to future-proof their existence can no longer turn a blind eye to social and environmental issues, as the ones which are not perceived as having a positive impact in the world are likely to go out of fashion. A 2018 survey of 10,000 millennials (people aged 25-35) and 1,844 […]

The UK’s competitive regulator, the Competition and Markets Authority (CMA), has said that the proposed Sainsbury's-Asda merger would push up prices and reduce competition in the industry, leaving the deal in doubt. In its Phase 2 investigation, the CMA said it found that the proposed deal “could lead […]

For the 26 weeks to December 31, 2018, total sales at Laura Ashley Holdings Plc were 122.9 million pounds (160.3 million dollars), a fall of 8.7 percent, which the company said was primarily due to the closure of four stores during the period, like-for-like retail sales drop of 4.2 percent and the termination […]

Adler Modemärkte Ag has reported EBITDA of 20.7 million euros (23.4 million dollars) compared to 32 million euros (36.3 million dollars) in its preliminary results statement. The company said, it succeeded in meeting the forecast figures, which had been adjusted in November 2018, despite the persistently […]

American Eagle Outfitters, Inc. has inked a multi-year license agreement with AEO EU, a partnership of European brand builders, led by Sunil Shah, to expand its American Eagle and Aerie brands throughout Europe. The company said, AEO EU team has more than 30 years of experience launching and growing […]

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