The parent company of the Superdry brand announced that its operations were disrupted because of some issues encountered in the transition of its warehouse management system upgrade. The group estimates that the event will have a negative impact on this year’s profitability by 6-9 million pounds.
American Apparel, a vertically integrated retailer of branded fashion basic apparel, reported Friday its comparable store sales increased 3% for its third quarter ended when compared to the third quarter last year.
French handbag maker Hermes said on Thursday its watch unit was taking a 32.5 percent stake in family-owned Swiss watch case maker Joseph Erard, in the latest sign that big luxury groups are keen to snap up watch part makers.
Shares of Europe-focused fashion retailer Esprit Holdings Ltd , which plunged 19 percent on Friday, repeated the dive and dropped another 19 percent on Monday to their lowest level in nine years as investors dumped the stock following a weak earnings outlook.
Shares of Europe-focused fashion retailer Esprit Holdings Ltd (0330.HK) fell more than 20 percent on Friday morning after Asia's No.6 apparel and accessories retailer reported a worse-than-expected plunge in full-year profit.
Hermes won a major victory in its battle to torpedo a potential takeover by larger rival LVMH after a court cleared the French luxury group's plans to create a holding company that will lock in descendants of the founding family for 20 years.
Europe-focused retailer Esprit Holdings said it decided to sell its North American operations, after posting a worse-than-expected 98 percent drop in full-year profit that sent its shares down more than 15 percent.
Luxury goods group Hermes can create a controlling family holding to ward off advances from rival LVMH and hinder share sales to outsiders by descendants of the founding family, a French court ruled on Thursday.
The American group owned by PVH Corp has just completed a transaction which includes the buyout of the Murjani Group’s licence for the Tommy Hilfiger trademarks in India, as well as the acquisition of a 50% stake in Arvind Murjani Brands. The latter has been the apparel sub-licensee of the Tommy Hilfiger brand since its introduction in the Indian market.