VF just announced that it has signed an agreement to sell the majority ownership interest in the John Varvatos brand to Lion Capital, a private equity group which already owns other companies such as All Saints and American Apparel.
German sportswear group Adidas stuck to forecasts for a slowdown in sales growth in 2012, disappointing investors who had hoped for more in a big year for sports events like the Olympics and European soccer championships.
In fiscal 2011, the American group, which owns the license for Calvin Klein, reported a full-year sales turnover of 2.5 billion dollars – an increase of over 9% in comparison to 2010. This year, the group sees a lot of potential in its Calvin Klein Jeans and Underwear businesses.
The Italian group posted a sales increase of 13.7%, for a total turnover of nearly 894 million euros (versus 787 million in 2010). This strong performance was first enjoyed by its flagship brand, Tod's, which represents more than half of its sales in 2011 and closed with an increase of nearly 20%.
Collective Brands Inc posted a much narrower-than-expected quarterly loss as same-store sales rose the most in more than two years, sending the footwear retailer's shares up 5 percent in trading after the bell.
French luxury group PPR posted on Thursday forecast-beating results for 2011 and issued an upbeat outlook, buoyed by strong Asian demand for high-end brands like Gucci. Net profit was up 2.3 percent to 986 million euros ($1.286 billion).
L-Capital, the private equity arm of LVMH, the world's biggest luxury goods group, has bought out the 8 percent stake in unlisted Indian ethnic wear chain Fabindia from Wolfensohn Capital Partners, two sources with direct knowledge of the matter said.
Demand in Latin America boosted fourth-quarter sales at German sporting goods maker Puma , putting it on track to reach its 2015 top-line target of 4 billion euros ($5.25 billion), the company said on Wednesday. Sales were up 15.