Your best friends have hired a yacht somewhere in the Pacific, and you have to pack a capsule wardrobe that will see you through sun-filled days on deck, chilly evenings under the stars, potential stormy weather, and high-octane glamour when at port. You are limited for space (the cabins on board simply cannot cater to […]
In a bid to boost overseas attendance at their fashion and accessories tradeshow, Pure Womenswear is moving its SS06 show earlier.Louise Young, Pure’s Group exhibition director, said the event will be held from August 6-8 2006 so that it will not cause interference with peak holiday periods in Europe. The dates for next season’s tradeshow […]
There’s no arguing that Versace has had a tough start to the decade. The struggling fashion house, since the death of its founder, has seen financial turmoil, familial clashes and an epic cocaine habit by Donatella Versace, the successor to the design throne. Collections of the past few seasons were out of sync with the […]
The Polo Ralph Lauren Corporation has completed the acquisition of Ralph Lauren Footwear Co Inc from sporting goods giant Reebok International Ltd, in a bid to take moe direct control of its core brands. Ralph Lauren footwear is the company’s global licensee for men’s, women’s and children’s footwear. The deal, which is valued at $110 […]
Gucci Group owner PPR SA, said sales advanced 4 percent in the second quarter, buoyed by demand for the most expensive fashions and accessories in Asia . Sales rose to 3.99 billion euros from 3.83 billion euros a year earlier, the Paris-based company said today. Seven analysts surveyed by Bloomberg sales of 3.92 billion euros, […]
Tommy Hilfiger Corp. said Wednesday that fiscal 2005 preliminary pretax income dropped 45.9 percent on a revenue decrease of 4.9 percent. The company revised its fiscal 2006 earnings and sales outlooks, citing in part a decline in orders from U.S. department stores. In the 12 months ended March 31, the company said net income totaled […]
C&C California, the barely three-year-old T-shirt company, is thinking big and bigger. Its first shop-in-shop bowed last Friday at Bloomingdale’s Manhattan flagship, the second is to launch today at the retailer’s SoHo store and four more are set to open next week in Southern California. The Los Feliz, Calif.-based company, whose brightly colored, layerable T-shirts […]
Tommy Hilfiger Corp. has reported a 23.3 percent plunge in third quarter profits as its wholesale business suffered a decline due to reduced department store orders. Furthermore it announced that its sale to Apax Partners is on track, despite the objection of major shareholder Sowood Capital. Sowood, which holds almost 5.8 million of the Hong […]
According to media reports, the Bank of Scotland is planning to back the £42 million management buyout of shoe chain Stead & Simpson. The chain is said to be in talks with its management about a potential buyout backed by the Bank of Scotland’s finance division. The company operates approximately 400 stores under the brands […]
Luxury goods group Polo Ralph Lauren has surpassed expectations, reporting a 21 percent rise in third quarter earnings, thanks to strong European demand for its fashion lines. Net income for the quarter rose from $75 million (£43 million) last year to $90.7 million. Net sales rose 10 percent to $995 million. The first nine months […]