The French multibrand fashion e-tailer, which filed for receivership, has been sold to BrandAlley UK, which split from its parent company in 2013. Half of BrandAlley’s 80 French employees will keep their jobs.
The NYC-based fashion brand reported $8.0 million in third-quarter net income on Thursday, as increased sales and improved margins offset the effect of costs related to the company’s recent acquisitions.
The chief executive officer of the Spanish brand is expecting to see “positive results” this year, and reveals the key elements of his growth strategy: a logistics upgrade, bigger stores and omnichannel.
Emanuel Ungaro has partnered with manufacturer GST, part of the Toma Italian Brands group to expand its menswear segment, still led by Philippe Paubert, and also has new licensees for footwear and leather goods.
Superdry delivered plenty of negative numbers with its half-year results on Thursday but they'd largely been expected as the company is deep in a reset strategy and it said this is showing early signs of working.
Paris' commercial court has rejected appeals from the luxury group in two sets of proceedings pitting it against Hedi Slimane, the former creative director of Yves Saint Laurent, in a dispute that dates back to 2016.
Lululemon Athletica Inc forecast holiday quarter profit largely below analysts’ expectations on Wednesday, as the athleisure pioneer invests heavily to launch new products to fend off intensifying competition.