U.S. fashion group Michael Kors Holdings has sealed an agreement to take control of Italy's Versace, three sources familiar with the matter said on Monday, adding that an official announcement would be made this week.
A major credit insurer has cut the cover it will give for Arcadia suppliers with Euler Hermes reportedly writing to clients in the past fortnight as the fashion sector sees a wave of credit insurance cuts.
HoF's new owner Sports Direct is continuing to blame “greedy landlords” after it said three of the chain’s 59 department stores will definitely close. They include Hull and Swindon, plus Frasers in Edinburgh.
Investment and changing business conditions dented River Island profits last year, a report said on Monday. While the results aren’t due until later this month, The Telegraph said operating profit fell by over £55m.
Spending on digital marketing grew by 44 percent last year in the United States and Britain to $52 billion, a study has found, estimating that global outlays on such tactics are approaching $100 billion.
The rapid spread of e-commerce and digital technologies is binding together the economies of the ten members of the Association of Southeast Asian Nations into one of the world’s largest emerging consumer markets.