
France accounts for over one quarter of the total sales of the top 100 luxury corporations worldwide according to Deloitte’s 2019 report, with 9 groups listed and LVMH, L'Oréal, Kering and Chanel in the top 10.
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France accounts for over one quarter of the total sales of the top 100 luxury corporations worldwide according to Deloitte’s 2019 report, with 9 groups listed and LVMH, L'Oréal, Kering and Chanel in the top 10.
The start of another week and news of another UK fashion retail chain seeking a CVA and planning to close a raft of stores with Monsoon Accessorize having struggled for some time against a weak retail environment.
A huge black hole in Arcadia's pension schemes could prevent approval of a CVA, unless the company pays extra money into the schemes, but that would dent its profits still further.
Links of London, the jewellery chain owned by scandal-hit Greek retailer Folli Follie, is on the brink of collapse, putting 500 employees at risk of redundancy.
Reliance Industries Ltd plans to grow the number of low-cost Reliance Trends fashion stores across India to 2,500 from 557 over the next five years and integrate them with its online business, sources said.
Turkey will take steps against international digital commerce packages that avoid taxes, Finance Minister Berat Albayrak said on Wednesday, in a move to support local manufacturers.
Suppliers who deal with UK fashion retail giant Arcadia have reportedly seen their credit insurance being cut further as trading in Britain's fashion market remains challenging.
Josep Barberà arrives from Privalia and will join the brand's team on March 4, replacing Toni Ruiz, who was promoted to managing director of Mango in October.
Discounting is at record levels in the UK ahead of Christmas as retailers are desperate to shift more autumn and party season inventory ahead of new product arriving next month.
The Thanksgiving Day and Black Friday kickoff of the U.S. holiday shopping season showed the increasing preference for online purchases, as more Americans opted to stay home and use their smartphones.