French luxury goods group LVMH on Monday posted a surge in first quarter sales, beating analysts' growth forecasts and boosted by Asian demand for its labels ranging from Louis Vuitton to Christian Dior.
Sainsbury’s has been mulling a takeover bid for embattled Mothercare, and while analysts think a deal unlikely, they see it as a prime target given its plunging share price and well-publicised cash flow problems..
The fashion retailer selling cult menswear brands has been named as one of the fastest-growing companies in the UK after seeing profits soar by 139%. It is planning to open a flagship store in London’s Soho this year.
The house of Hermès has opened a major new manufacturing plant in Franche-Comté, the eastern French region bordering Switzerland. Named the Manufacture of Allan, it will employ 260 leather goods artisans.
New Zealand-based fashion retailer Hallenstein Glasson had a good first half with net profit surging 65% as it opened new stores in Australia, ramped up its digital efforts and avoided heavy markdowns.
U.S. fashion footwear company Nine West Holdings Inc intends to file for bankruptcy as soon as this week with a plan to sell the intellectual property of its flagship brand to Authentic Brands Group LLC, sources said.