Pre-tax profits at Gems TV plunged by 92% in the year to March 2017, reflecting the “disastrous” attempt to open a US-based TV shopping channel in June.
Swedish fashion e-tailer NA-KD is planning to boost its global expansion after a funding round saw it raising $45 million. This will now be used to help it grow in the UK, US and major European markets
Luxury goods group Richemont is committed to keeping its Lancel and Dunhill fashion brands, both of which have undergone intense restructuring, a source close to the company said on Monday.
New Look’s problems are continuing with the latest reports saying that the stricken fashion chain is now in the sights of potential bidders as the value of its bonds collapses.
Luxury goods group LVMH’s watch and jewellery sales rose more than 10 percent last year, the head of the group’s Hublot brand said on Sunday.
German clothing retailer C&A is examining partnerships and other types of outside investment as it develops a turnaround plan focusing on China and other emerging markets, its owner said on Sunday.
Protesters angered by a "racist" H&M advertisement ransacked several of the Swedish fashion group's South African stores on Saturday and the firm temporarily closed a number of stores as a result.
Puma shares tumbled on Friday after French parent Kering said it would spin-off the German sportswear group to its shareholders and focus solely on its luxury fashion and jewellery labels.
John Lewis was boosted by its expanded fashion operations over the Christmas period and its participation in Black Friday added to its sales too. But it admitted that the market is tough.
Boohoo continued its impressive run in the last months of 2017 with its main brand, as well as PrettyLittleThing and Nasty Gal, all powering ahead globally. Can surging growth continue? The company thinks it can.
Cartier maker Richemont said on Thursday solid sales growth in the quarter to Dec. 31 was driven by the Asia Pacific region and buoyant jewellery demand, kicking off the luxury goods reporting season on a positive note.
Ted Baker enjoyed a “good retail performance” over the tough Christmas trading period with the company saying on Wednesday that the eight weeks to January saw retail sales rising 9%, or 10.5% at constant exchange rates.
China's Shandong Ruyi Group is said to be in advanced takeover talks with luxury shoe retailer Bally International’s parent company Jab Holding, according to reports.
Upmarket beauty retailer Space NK enjoyed strong trading in the year to 25 March 2017, with turnover rising 11.4% to £96.4 million as a result of continued consumer interest in luxury skincare, beauty and fragrance.
Lingerie tycoon Michelle Mone’s latest venture will launch in November this year and will be called ‘Michelle Mone Intimates’, she announced on social media on Monday.