Two former senior executives of Tesco abused their positions to encourage practices that resulted in a 250 million pounds overstatement of expected profits and misled the stock market, a London court heard on Monday.
A travelling exhibition exploring the designer’s work, and an documentary giving fans an inside look into his creative process have contributed to pre-tax profits falling by almost 30% at the company in 2017.
The luxury end of the market is outperforming the UK fashion market and while sales to international shoppers have been in decline after the boost that they gained from the Brexit vote, that declined eased in August.
H&M is acquiring a stake in Swedish fintech company Klarna, the Financial Times reported. The world's second-largest clothes retailer is paying SEK 185 million (15.6 million pounds) for a stake of less than 1 percent.
In a short statement on Monday, French Connection confirmed what had been rumoured for some time with the company saying that it’s looking at its strategy options and one of those could include a sale.
A recent study from the NDP Group has highlighted the growing importance of sustainability to apparel consumers but has also found that the majority of shoppers refuse to pay more for sustainable products.
The Paris Commercial Court will deliver its decision on 12 October, but Carven seems to have found its savior in the Chinese group Icicle, with all in favour of a total takeover, FashionNetwork.com has learned.