Danish jewellery maker Pandora has gained full control over the distribution of its products in Spain, Andorra and Gibraltar after acquiring the distribution rights from City Time for 110 million euros.
In 2016, the fashion company reported a loss for the first time in its history, with a 2.9 percent drop in sales compared to the previous year. Mango expects to get back on a trajectory towards growth for 2017.
Sweden’s New Wave Group reported a 12th consecutive quarter of growth in Q2 as the owner of a basket of sports ranges said sales rose 9% and profit rose a stronger 10%, even with the impact of a negative calendar shift.
All the biggest makeup brands are succumbing one by one to the temptation of collaborating with the hottest online beauty influencers to boost their star count, and August has been full of surprise announcements.
New Look’s large debt pile is increasingly attractive to distressed debt investors with a report at the weekend that Anchorage Capital and HPS Investment Partners have been trying to buy part of its £1.2bn debt load.