The company's revenues fell from 2.37 billion euros to 1.84 billion euros in 2020. Online sales grew 36% year over year to 766 million euros, representing 42% of total revenues, while EBITDA came to 193 million euros.
For Paris Fashion Week, the Lebanese designer has unveiled MRK, a new, more affordable ready-to-wear line revisiting the classic women’s wardrobe staples with a sophisticated, minimalistic mood.
No surprises Shoe Zone joined the lengthy list of struggling firms when the UK’s largest value footwear retailer reported its financial results for the 52 weeks ended 3 October on Monday.
Asda’s new owners are planning a radical transformation of the chain that could see new services such as nail bars and beauty salons, more third-party concessions, and the sale of its George clothing operations.
The Agnelli family's investment holding company Exor will buy a 25% stake in luxury shoemaker Louboutin for 541 million euros ($643 million), the two companies said on Monday.
Shares of Hong Kong-listed Chinese photo editing app Meitu Inc rose as much as 14.4% on Monday morning after the company said it had bought $40 million of cryptocurrencies.
Tailored Brands announced on Friday the closing of a $75 million investment, nearly three months after exiting bankruptcy.
The Birmingham, Alabama-based sportswear and equipment retailer reported a solid fourth quarter on Friday, with improvements in sales driving stronger than expected gains in the company’s bottom line.
HBC, the owner of Saks Fifth Avenue, said on Friday it would launch the luxury department store’s e-commerce segment as a separate business following a $500 million infusion from a U.S. private equity firm.
The Body Shop, Avon and Aesop owner Natura & Co reported a sales surge and net profits up 200% in Q4, with the Brazilian giant saying it's continuing to outperform the wider market.
Stella McCartney was hit hard by the pandemic last year but isn't worried about Brexit and is looking forward to a gradual bounce-back under its changed ownership structure.
It’s official. Only the Brave (OTB), the key company in the fashion empire of Renzo Rosso, has acquired Jil Sander, the Hamburg-born label known as the highest expression of minimalism in fashion.
The New York-based beauty conglomerate has announced the creation of its new Equity and Engagement Center of Excellence. The center will be led by Nicole Monson, who has been with the company since 2014.
Apparel retailer Gap Inc on Thursday forecast a return to sales growth this year, as it expects the roll-out of vaccines to drive traffic at its Old Navy and Athleta stores.
UK fashion and homewares retailer Celtic & Co looks to be yet another company whose decision to pivot towards digital sales paid dividends during the pandemic.
