The Clessidra investment fund, a shareholder in the Italian ready-to-wear label since 2014, has sold its 40% stake to a group of investors led by Riccardo Bruno, now the label’s president alongside MD Paolo Montefusco.
Swatch Group stuck to its forecast that sales would rise at a double-digit rate this year after reporting on Thursday increasing first-half profit and sales, helped by the success of its MoonSwatch watch.
MCC, owner of Notshy and Absolut Cashmere, has been reporting double-digit growth for the past two years. This positive trend is encouraging its founders to look towards new commercial and financial horizons.
Its key pillars "bigger, better, simpler and cheaper" appear to be winners for pan-European variety budget retailer Pepco Group with group sales rising "strongly" in its third quarter.
Mango has reported its first-half 2022 sales and said turnover was up 24.8% at €1.214 billion. It also beat the sales figure for the first half of 2019, the last H1 period before the pandemic.
British lifestyle brand Crew Clothing has reported sustained growth for 2021 as it continued to invest in its retail stores. The privately held company added 10 stores last year, and saw continued e-commerce strength.
Sante + Wade has signed an exclusive licensing agreement with retailer French Connection to develop, manufacture and market the latter's women's footwear collections within the UK and Europe for the next three years.
British footwear brand Dr Martens issued a trading statement ahead of its annual general meeting on Thursday and it looks like business is continuing to go well.
Nike and Fanatics have entered into a long-term partnership to design and manufacture collegiate sports apparel.
Japan's Fast Retailing is expected to report quarterly profit grew 11% on Thursday, but investors' focus will be on whether China is recovering and how domestic consumers are faring with inflation and the weak yen.
The US group, specialised in sports and outdoor activity brands, has completed the acquisition of the leading MTB and motocross brand for $540 million from Altamont Capital Partners.
The South Korean group has acquired the Italian sportswear brand for $65 million from US investment funds Twin Lakes Capital and B. Riley Principal Investments.
JD Sports has drawn up plans to build a new head office in Greater Manchester with space for 2,000 employees. Land in Pilsworth, Bury, has been earmarked for the scheme, next to its current headquarters
The sale process for upscale British heritage brand Gieves & Hawkes has begun following the earlier liquidation of its Hong Kong parent company, Trinity Group. FTI Consulting is running the process.
Designer Brands on Tuesday announced an investment in and licensing agreement with Le Tigre 360 Global, operator of Le Tigre, as the footwear firm looks to build its portfolio and double sales of 'owned brands' by 2026.
