The Southern Californian activewear brand announced on Wednesday that it has received a $400 million investment from SoftBank, bringing the company’s total valuation up to $4 billion as it prepares for global expansion.
The Vancouver-based fashion retailer announced a year-over-year increase of 74.9% in its second-quarter revenues on Wednesday, as strong progress in the United States accelerated the company’s sales growth.
On Tuesday, Swiss group Givaudan, the world's leading fragrance and aroma manufacturer, reported a sales rise in the first nine months of the year, driven by fine perfumery and a renewed impetus in the catering sector.
A capital markets day is meant to boost a share price as the company concerned talks major investors through its strategy. But in the case of The Hut Group (THG) this week, it had the exact opposite effect.
Sales at French luxury group LVMH's fashion and leather goods division rose strongly in the third quarter even though overall revenue growth in Asia and the United States eased from their stellar first-half performance.
With supply chain issues to the fore, if you want to know what the footfall forecasts are for UK retail in the critical six-week period covering Black Friday, Christmas, and post-Christmas periods, read on.
Clothing spend rose last month but the UK retail sector remains on a knife-edge with consumer confidence weak and supply chain issues a big worry, the monthly Barclaycard and BRC reports showed on Tuesday.
Clarks had a tough time of it last year, as did many others in the footwear sector. Sales plummeted and its losses in the 12 months to January 2021 grew. But the firm is upbeat about the future under its new ownership.