The new owner of the swimwear brand will focus its efforts on international expansion with plans to take the label to Europe and Asia in the medium term. Under its new owners, the brand expects to grow 8% in 2019.
American Eagle Outfitters Inc forecast holiday-quarter earnings below Wall Street expectations on Tuesday, as it spends more on advertising and employee incentives to drive sales during the busiest shopping season.
Giorgio Armani is changing show format again. After staging a co-ed signature collection in September inside Milan airport, Linate, the Italian designer will stage a joint menswear and womenswear catwalk in February.
Upscale footwear specialist Russell & Bromley saw a third consecutive year of declining sales in 2017 with revenue falling to £100.6 million while operating profit dropped by £11.6 million to only £6.7 million.