Italian fashion house Valentino said on Monday it had reorganised its finance and operations structure into two distinct units to separate its business and control divisions.
The bid for GSK's assets, including Sensodyne toothpaste and Advil painkillers, comes as Unilever is dealing with steep inflation and sluggish growth in emerging markets, where it derives 60% of its revenues.
ASOS is big and the online fashion retailer is expected to get much bigger in the next three-to-four years. That’s according to the firm’s first-ever economic impact report complied by Oxford Economics.
French leather goods label Lancel, owned by the Piquadro group, recorded sales worth €21.4 million in Q3, equivalent to a 28.8% rise, and accounting for a 46.9% share of the Italian group's total sales.
Covid-19 is still an issue for Leeds Group. The UK-based fabrics and haberdashery wholesaler and retailer’s half-year to 23 November 2021 saw it continuing to struggle.
JD Sports Fashion is turning its attention to esports, the booming international video games competition arena. The UK’s biggest athletic sportswear retailer has signed a commercial partnership deal with Excel Esports.
Fortnum & Mason had a strong Christmas period, but its latest accounts for the year to last July also showed it swinging to a pre-tax loss for the first time since 2009.
SMCP’s shareholders met in a general meeting on Friday and dismissed the Chinese group’s representatives from the board. Christophe Chenut, Xavier Veret and Natalia Nicolaidis have been named in their place.
Swedish fashion house Filippa K has named Liisa Kessler as its new Creative Director. It’s a big move for the label as she succeeds brand founder Filippa Knutsson, who stepped away from the role as far back as 2019.
Eyewear giant Safilo has further extend its control of Privé Revaux, adding to its existing 64.2% stake so that it now owns 81.9% of the company.
Speculation is intensifying over who might buy Boots from its current owner Walgreen Boots Alliance, and the latest names in the frame are the Issa brothers, the retail tycoons who recently took control of Asda.
Former Farfetch COO Andrew Robb is in the running to be the next CEO of ASOS, a report has claimed. There had been speculation in recent weeks that Robb was a contender for one of global fashion's top leadership posts.
Burberry is the latest big name in fashion to link its finances to its drive to operate a greener and more ethical business. It has refinanced its revolving credit facility to a £300m sustainability-linked loan.
Fast fashion giant Boohoo has handed shares to almost 5,000 of its workers as part of its commitment to “encouraging all employees to be shareholders in the business”.
Aditya Birla Fashion and Retail said on Friday it would buy a 51% stake in House of Masaba Lifestyle for about 900 million rupees ($12.14 million), as it seeks to strengthen its presence in the fast growing segment.
