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Uniqlo is ready to open 1,000 stores in India
While Fast Retailing is currently looking for suppliers in India, its flagship brand Uniqlo may open a thousand stores in the country, over the next ten years. ...
Tue, 22 Jul 2014
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Yoox enters sportswear
Following the lead of Net-A-Porter, which opened its Net-A-Sporter activewear arm on July 9, the Italian e-commerce giant Yoox is now also entering sportswear. ...
Tue, 22 Jul 2014
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Ermenegildo Zegna acquires Australian farm Achill
Ermenegildo Zegna is transforming itself into a vertical company, controlling all stages of the production chain — everything from raw materials to producing the fabrics, manufacturing the clothing and selling them. ...
Tue, 22 Jul 2014
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Owner of Germany's Karstadt in sale talks
Speculation over the future of German department store chain Karstadt flared again on Friday after a newspaper reported that billionaire Nicolas Berggruen could sell out to Austrian investor Rene Benko and Israeli businessman Beny Steinmetz. Daily paper Bild said that Berggruen was in talks with Vienna-based Signa, Benko's property vehicle, ...
Tue, 22 Jul 2014
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Burberry shareholder sells $117 mln of shares
A shareholder in luxury UK fashion retailer Burberry sold 69 million pounds ($117 million) of shares in the company, equivalent to 1 percent of the firm's issued share capital, a source familiar with the matter said on Thursday. ...
Tue, 22 Jul 2014
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Eileen Ford, maverick of the modeling industry, dies at 92
Eileen Ford, the founder of the Ford Models who promoted the fresh-faced look of American women and set the stage for the phenomenon of celebrity super models, has died at the age of 92, the agency said on Thursday. ...
Mon, 21 Jul 2014
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Nestle adds skincare muscle by completing Valeant deal
Swiss food giant Nestle announced Thursday that it had bolstered its hand in the medical skin treatment market by finalising a deal with Canada's Valeant Pharmaceuticals International. ...
Mon, 21 Jul 2014
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Burberry investors vote down Bailey's pay package
Burberry Chief Executive Christopher Bailey's multimillion-pound pay package was opposed by more than half of the votes cast in a non-binding ballot at the luxury goods company's annual shareholder meeting on Friday. ...
Mon, 21 Jul 2014
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Feathery extravaganza wraps up Paris fashion
Paris fashion wrapped up on Thursday with a feathery spectacular by young Belgian couturier Serkan Cura, notable for the number of black, mixed race and Asian models on the catwalk. ...
Mon, 21 Jul 2014
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Spain's Mango cuts revenue forecasts after launching new lines
Spanish unlisted fashion chain Mango has cut its revenue forecasts after launching new clothing lines, chief executive officer Enric Casi told Reuters on Thursday. ...
Fri, 18 Jul 2014
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American Apparel strikes deal with largest shareholders
Struggling apparel and accessories retailer American Apparel Inc said on Wednesday it has reached a deal with hedge fund Standard General LP and founder Dov Charney to remake its board and bolster its finances. ...
Fri, 18 Jul 2014
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Supergroup approaches 20% growth in 2014
Over its last fiscal year, Superdry surpassed 200 franchises and license stores around the world with 46 new openings. Additionally, Supergroup, its parent company, opened more than 650,000 square feet of directly operated floor space (+18%) with a total of 139 new stores. ...
Fri, 18 Jul 2014
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Metro keen to hold on to Media-Saturn despite fight with founder
German retailer Metro AG said it wants to hold on to Europe's biggest electronics chain Media-Saturn despite a fight for control with Erich Kellerhals, the founder and minority owner. ...
Fri, 18 Jul 2014
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Burberry beats sales forecasts, warns of forex hit
British luxury brand Burberry reported faster than expected sales growth in its financial first quarter but warned a strong pound would hit this year's profits. ...
Fri, 18 Jul 2014
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AB Foods raises annual earnings guidance
Associated British Foods raised its annual earnings guidance after a strong third-quarter performance from its Primark discount fashion chain more than offset continued weakness in its sugar operations. ...
Fri, 18 Jul 2014
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Bangladesh exports up 11 pct in 2013/14 as garment sales surge
Bangladesh's exports in the 2013/14 financial year that ended in June rose 11.65 percent from a year earlier to nearly $30.18 billion, boosted by stronger clothing sales, the Export Promotion Bureau said on Thursday. ...
Fri, 18 Jul 2014
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Fast Retailing 9-month op profit rises 10 pct
Japan's Fast Retailing Co, operator of the Uniqlo casualwear brand, on Thursday posted a 9.9 percent rise in operating profit in the nine months through May, as its overseas Uniqlo sales showed strong growth. ...
Fri, 18 Jul 2014
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Mothercare's interim CEO named permanent boss
Struggling British baby products retailer Mothercare, fighting off a takeover bid from U.S. group Destination Maternity, named its interim chief executive as its permanent CEO on Thursday. ...
Fri, 18 Jul 2014
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