Under Armour Inc's shares hit a record low after it trimmed its full-year sales forecast, and said it would cut 2 percent of its workforce and shutter facilities amid fierce competition in North America.
U.S. retailer Michael Kors is betting that its acquisition of storied shoemaker Jimmy Choo will give sales a much-needed boost, but lingering problems at Kors' core bag business could delay potential benefits.
Fast-growing UK fashion retailer Quiz Clothing is now a listed company with the firm making its stock exchange debut on Friday July 28 on London’s Alternative Investment Market and seeing its share price rising.
Sports Direct now owns 27% of beleaguered fashion retailer French Connection with the stake making it the second largest shareholder in the firm and just 3% below the threshold at which it must launch a takeover bid.
It’s all about Gucci at Kering these days, as the French-controlled conglomerate posted a brilliant set of first half results Thursday night, the majority of the good news very much due to the Florentine marque.