JD Sports issued a stock exchange statement on Monday after a weekend report said that its executive chairman had held meetings with his opposite number at Footasylum, possibly breaching competition rules.
There’s speculation that THG founder and CEO Matt Moulding could take the listed company private after he said he regrets listing the firm around a year ago. Its shares rose over 5% in early trading Monday as a result.
The European business of US group HanesBrands, notably the owner of French underwear brand Dim since 2014, has been sold to a subsidiary of US private equity firm Regent L.P. for the symbolic sum of €1.
The strong results that Versace, Jimmy Choo and Michael Kors' owner reported this week were driven by consumers buying into the brands’ glamour positioning and their Signature branding, plus the athleisure offer at Kors.
Puma is offering U.S. staff flexibility over when they work and a pandemic-driven redesign of its new North American headquarters, hoping to attract the people the sportswear company needs to keep up its rapid expansion.
The sportswear brand posted a year-over-year increase of 33% in its sales in the third quarter, driving growth at its Winston-Salem, North Carolina-based parent company, which reported total revenues of $1.79 billion.
French luxury group Chanel has hiked prices of some of its most sought after handbags at a time when strong consumer demand and low stocks in the run-up to the holiday shopping season are boosting their exclusivity.
Pinterest Inc forecast fourth-quarter revenue growth in the high-teens percentage range, after online retailers splurging on ads before the holiday season helped the image-sharing company beat quarterly estimates.