The company saw revenues rise by 20% in the fourth quarter and 7% for the full year 2017. The group also decided to sell Nautica during the fourth quarter and has classified it as a discontinued business.
Turkish fashion giant Dido is targeting the UK menswear market with its contemporary Avva brand and is currently in talks with retail landlords that should mean it opening at least one store in Britain within a year.
Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com in Asia’s third-largest economy, two sources familiar with the matter said.
Walmart is in talks to purchase a stake of more than 40% in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com Inc in Asia's third-largest economy, two sources familiar with the matter said on Friday.
Avon on Thursday reported its first earnings beat in six quarters as it signed up more sales representatives in the EMEA region to sell its cosmetics. The firm will shutter Australia and New Zealand activity by year-end.
Fossil Group shares soared 79 percent in early trading on Wednesday as short sellers rushed to cover their positions, a day after the watchmaker posted a better-than-expected increase in sales in the holiday quarter.
Lanvin staff will grill management and Fosun at a meeting on Thursday, seeking guarantees about jobs following the Chinese group's deal to buy a controlling stake in the brand, sources have told FashionNetwork.com.