Pal Zileri aims high, says UK is key
Pal Zileri has seen a strong revival post-pandemic and it has plans for an even stronger one with the Mayhoola-owned company targeting a doubling of its turnover in just a…
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Australia’s Dion Lee to wind up on failure to find buyer
Dion Lee is set to wind up after the Australian luxury brand failed to attract a buyer, three months after entering voluntary administration, with major investor Cue withdrawing its stake in the…
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The Independents further extends reach by acquiring Bureau Béatrice
Translated by Nicola Mira Published Aug 30, 2024 The Independents continues to extend its range of brand communication expertise in the luxury, fashion, beauty and lifestyle sectors. The group, which…
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Strathberry names new MD with ambitious sales target
As rapidly-expanding Strathberry targets £100 million in annual revenues, the Scottish luxury accessories brand has appointment of Martin Byrne as its new managing director to lead the charge. The highly-experience…
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American Eagle sales up 8 percent, increases profitability during the quarter
American Eagle Outfitters, Inc. announced on Thursday revenues rose 8 percent to $1.3 billion in the second quarter, thanks to solid gains in the U.S. retailer’s online and offline revenues. American…
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Birkenstock misses quarterly profit estimates as expansion plan hits margins
By Reuters Published Aug 30, 2024 Birkenstock missed quarterly profit expectations on Thursday as the German sandal maker’s global expansion drive and production ramp-up compressed its margins, sending its shares…
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Lululemon cuts annual forecasts on tepid US demand, slower product refresh
By Reuters Published Aug 30, 2024 Lululemon Athletica cut its annual sales and profit forecasts on Thursday, as demand for its pricey leggings and tank tops slowed in North America…
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Cucinelli’s operating profit rises 19% in first half
By Reuters Published Aug 30, 2024 Italian luxury group Brunello Cucinelli posted a 19.3% increase in first-half operating profit on Wednesday, reaching 104.6 million euros ($116.4 million), and confirmed its…
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Gap’s turnaround efforts drive quarterly beat in surprise early announcement
By Reuters Published Aug 30, 2024 Gap on Thursday surpassed Wall Street expectations for the second quarter, as an early announcement of its results showed shoppers turned to its Old…
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Ettos secures funding to develop textile traceability platform
Pioneering tech start-up Ettos has secured funding to accelerate the development of its textile traceability platform as part of Innovate UK’s Creative Catalyst programme. The platform aims to “revolutionise transparency…
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