The retail environment may be tough but Dr Martens seems to be prospering with it saying Monday that revenue soared 25% to just over £290m in the year to March. Underlying profit rose an even bigger 27% to £37.5m.
WiggleCRC looks set to take over its German peer Bike24 in a deal reported to be worth more than £100m.Wiggle is a bikes-to-clothing-and-accessories specialist and is believed to be in advanced talks with Bike24.
Debenhams CEO Sergio Bucher is planning to bring more ‘excitement’ into its stores by reducing clutter on the shop floor, as the company faces backlash for reportedly asking for unreasonable supplier discounts.
Hobbs seems to be progressing with its turnaround as the womenswear chain’s sales and profits move upwards.In the year to January, its sales rose 9% to £119.5m, which just beat the 8.7% rise in gross profit to £76.2m.
Designer Giorgio Armani said that under his succession plans part of his fashion empire will be transferred to a recently created foundation in his name and that his heirs will hold the remaining stakes of the group.
Dozens of U.S. and Canadian cities submitted proposals by the Oct. 19 deadline to host Amazon.com Inc’s second headquarters, which carries the promise of up to 50,000 high-paying jobs and $5 billion worth of investment.
Procter & Gamble disappointed with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz’s move to muscle onto the board.
L‘Oreal Chief Executive Jean-Paul Agon said on Friday he did not foresee changes in the shareholding structure of the French cosmetics group following the death of major shareholder Lillian Bettencourt last month.