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Business

UAE's Majid Al Futtaim posts modest annual growth, sees better 2020

UAE's Majid Al Futtaim posts modest annual growth, sees better 2020

Dubai-based retail developer Majid Al Futtaim said on Monday its annual EBITDA and revenue edged higher, sharply slowing from the pace of growth seen in 2018, amid challenging conditions in its key Middle East markets.
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Fashion
Retail
EU extends EssilorLuxottica, GrandVision antitrust investigation to July 6

EU extends EssilorLuxottica, GrandVision antitrust investigation to July 6

EU antitrust regulators on Tuesday extended their investigation into Ray-Ban maker EssilorLuxottica’s 7.2 billion-euro bid for Dutch opticians group GrandVision by two weeks to July 6, according to an EU filing. 
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Fashion
Industry

Tesco completes China exit with 275 million pound stake sale

Britain’s biggest retailer Tesco has completed its exit from China with the 275 million pound sale of its joint venture stake to state-run partner China Resources Holdings.
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Fashion
Business

Revolve sales boosted by Forward business

The online fashion retailer reported a 16% increase in sales in the fourth quarter on Tuesday, as the company's high-end Forward business came into its own, posting particularly strong growth.  
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Fashion
Business

Trade shows

Paris braces for coronavirus impact on Fashion Week, trade shows

Paris braces for coronavirus impact on Fashion Week, trade shows

The Paris Fashion Week, scheduled until March 3, opened on Monday against a troubled backdrop, from the reduced presence of Asian buyers to the precautionary measures taken for visitors from Milan.
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Fashion
Trade shows
Cosmoprof postpones giant Bologna trade show until June on coronavirus outbreak

Cosmoprof postpones giant Bologna trade show until June on coronavirus outbreak

Another day, another major trade show is postponed or cancelled. This time it’s Cosmoprof Worldwide Bologna, the world’s premier cosmetics industry show that takes place in the Italian city every year.
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Beauty
Trade shows

WTiN to replace ITA Asia with virtual conference

WTiN is replacing its cancelled ITA Asia event with its first-ever virtual conference. Innovate Textile & Apparel Online will be available online during May and June.
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Fashion
Trade shows

Winter sessions of Micam, Mipel trade shows end with satisfactory results

Milanese show Micam recorded a 5% visitor downturn compared to last year, due to an expected shortfall in Asian buyers. Mipel instead recorded an 11% rise in visitors over the February 2019 edition.
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Fashion
Trade shows