After all the speculation over just how good the Asos final results would be, on Tuesday we found out. They were good, really good. Revenues up 33% and pre-tax profit up 145% certainly lived up to expectations and more.
Procter & Gamble Co said on Monday that activist hedge fund manager Nelson Peltz had lost his bid to win a seat on the consumer goods company’s board by 6.15 million votes, according to its preliminary tally.
Nordstrom Inc said on Monday its founding family had suspended attempts to take the upscale retailer private for the rest of the year due to difficulties in arranging funds for the deal ahead of the holiday season.
Troubled high-end hosiery and bodywear specialist Wolford has revealed that it’s cutting more jobs as the Austrian firm continues to work on its turnaround programme with cost cuts a key part of that plan.
Sports shoe and clothing retailer Footasylum has confirmed its float plans with the company saying Monday that it will list its shares on the London Stock Exchange’s Alternative Investment Market (AIM).
Luxury may have its ups and downs but Harrods makes money regardless. The Qatar Holding-owned London landmark has turned in an eighth successive year of record profits on the back of eight years of record sales.
The Italian luxury brand achieved a turnover of 1.3 billion euros for the financial year 2016/2017, quadrupling its net profit, which soared from approximately 18 million in 2015 to 80 million a year later.
The complicated unravelling of the Surfstitch empire continues with news that UK-based Surfdome, which it has just sold, is now exclusive global e-tail provider for another ex-Surfstitch property, Magicseaweed.
British designer brand Orla Kiely saw sales jump 15.8% to £8.3 million in the year to end of March, with continued success in the Far East, the US market and its handbag range contributing to the growth.