Italian eyewear group Luxottica is on track to meet full-year targets and win regulatory approval for its planned merger with France's Essilor, it said on Monday, after its first-half underlying operating profit came in just ahead of forecasts.
A majority of retail executives are optimistic about the 5-year outlook for the US fashion industry, however, the percentage has fallen from 92.3 per cent in 2016 to 71 per cent in 2017, as per a recent study.
It seems to be the season for speculating about who is (or isn’t) bidding for which company and the latest rumour to emerge is that Investindustrial is on the shortlist to buy cycling specialist Rapha.
Bravissimo is seeking a suitable store site on the US East Coast with plans to open in 2018. And it also wants to open more London/South UK stores, despite profits taking a hit from its expansion spend.