Yoox Group – the Italian website for online sales of ready-to-wear clothes from major labels, which extended its activities to include design and website management for single-brand sites in 2006 – should soon be floated on the Milan Stock Exchange.
Fast Retailing, the Japanese owner of the brands Uniqlo, Comptoir des Cotonniers, Princesse Tam Tam and Theory and leading Japanese clothing group - plans to more than triple the number of its Uniqlo stores in Asia.
The British Property Federation said some of its landlord members had agreed a plan to help retailers cut costs and meet quarterly rent payments after complaints the existing system was causing cash-flow problems.
The president of the supervisory board for Chanel SAS, Françoise Montenay, stated her belief on Thursday 2 April that “bold and beautiful work” is the most appropriate response to the current crisis that it was not prepared for.
American sports brand Nike has started legal proceedings against two Chinese businesses for counterfeiting, accusing them of copying its logo illustrating celebrity basketballer Michael Jordan scoring a basket.