The art of reviving an esteemed but almost moribund brand – a skill in which the French have few equals – is one very much in evidence at Vuarnet, as it opens a brand-new flagship in New York's Nolita on Bastille Day.
Asos powered ahead in SS18 as the UK, US and EU markets all bought into its offer in large numbers. And full-price trading has continued strongly during July, apparently with no negative impact from the heatwave.
Perry Ellis International Inc is moving forward with its buyout deal with founder George Feldenkreis and is one step closer to closing the deal, despite a higher competing offer from Randa Accessories Leather Goods.
Potential buyers had until July 9th to come forward and FashionNetwork.com has learned that three offers have been made, including one by Carven perfume licensee Bogart. The brand, however, is keeping its options open.
South African retailer Steinhoff, said on Wednesday it had begun a process with creditors for a “lock-up agreement”, which once completed could allow the restructuring of huge debts within three months.
Cosmetics firm Swallowfield has had a generally good year, despite a few challenges, with its trading “broadly in line with expectations” and revenues set to be similar to those reported in the prior year.
Levi Strauss Co said on Tuesday that revenues continued to rise in the second quarter, roaring forward 17%, while quadrupling net income for the three months. The U.S. brand lifted its full-year guidance.
M&S shareholders shouldn't be too concerned about its financial results in the next two years as those numbers aren't that important to the clothing and food retailer's future, its new chairman told them on Tuesday.
The St. Louis, Missouri-based footwear group announced on Tuesday that it has acquired a controlling interest in Californian casual shoe brand Blowfish Malibu, which has a trailing 12-month revenue of some $27 million.