Amazon has asked India's market regulator to order withdrawal of conditional approval given to its warring partner Future Group's $3.4 bn retail assets sale, a letter showed.
Givaudan, the world’s top perfume and fragrance producer, has announced it will enlarge its production plant in Pedro Escobedo, in the state of Querétaro, Mexico, as it seeks to boost its Latin America growth.
The Italian luxury label’s H1 net revenue amounted to €313.8 million, up 7.7% at current exchange rates over June 2019. Revenue is set to grow by around 20% in the current year, and will rise by 10% in 2022.
The sportswear retailer announced net sales of $419.3 million for Q2 on Friday, down 5.1% from $441.6 million in the prior-year period, when the company was one of the few not to implement temporary store closures.
The operation will allow the Italian company to offset nearly half of its debts, which amount to approximately €100 million.
Gap Inc. announced on Thursday the acquisition of Drapr, an e-commerce startup and online application whose technology enables customers to create 3D avatars and virtually try on clothing.
The Grammy award-winning singer has launched LITA by Ciara, a sustainable women’s fashion label seeking to provide affordable luxury.
The American fashion retailer reported Q2 sales of $865 million on Thursday, disappointing analysts as extended manufacturing facility closures continue to take their toll on the company’s top line.
Gap Inc on Thursday raised its full-year net sales forecast for the second time, betting on hot demand for its Old Navy and Athleta clothing brands as socializing makes a comeback with easing pandemic curbs.
Coty Inc said on Thursday it expects to post full-year sales growth for the first time in at least three years, as people splurge on fragrances and cosmetics following the easing of coronavirus curbs.
Big job. Big, big bonus. Michael Murray, who’s set to become chief executive of future-father-in-law Mike Ashley's Frasers Group, could be in line for a £100 million share windfall under a proposed pay package.
British Land has been busy over the summer reshaping its property portfolio, selling off “mature assets” to finance acquisition “opportunities”, with a focus on Campuses and Retail & Fulfilment.
PrettyLittleThing has announced that Molly-Mae Hague has been appointed as its creative director for the UK and the EU in a year-long “partnership” working alongside its Creative and Brand team throughout 2021/22.
Asics continues to progress in the EMEA region with consolidated revenue up 44% across all channels in the year to date (to the end of Q2 in June). It also said operating income increased “significantly” to €70.5m.
Swedish payments firm Klarna said on Wednesday it would continue to enter new markets, as it reported a jump in transactions using its platform in the second quarter.
