ZURICH, Switzerland — Swatch Group AG, Switzerland’s largest watchmaker, will probably fall short of double-digit revenue growth this year amid unfavorable foreign exchange rates, Chief Executive Officer Nick Hayek said.
Earlier this week, BoF’s Imran Amed went inside JW Anderson’s burgeoning fashion brand just after the designer had unveiled a new head office and studio, hired his first CEO and announced the launch of his first retail channel. Now, the full video of the exclusive interview is online.
MILAN, Italy — Prada SpA, the Italian maker of $2,950 leather handbags, reported first-quarter profit that missed analysts’ estimates, weighed down by the strength of the euro and falling sales in Europe and Asia.
COLUMBUS, United States — L Brands, owner of Victoria's Secret and Bath & Body Works, said Thursday that sales at stores open at least a year rose 3 percent in May, which is better than most projections.
NEW YORK, United States — J. Crew Group Inc., the retail chain that may be considering a U.S. initial public offering, said it may record a non-cash impairment charge if its operating results continue to decline.
LONDON, United Kingdom — Asos Plc lowered its profitability forecast for the full year as the U.K.’s largest online-only fashion retailer reported slowing sales growth, with revenue abroad held back by a rising pound.
NEW DELHI, India — Prime Minister Narendra Modi's government could allow foreign direct investment in India's e-commerce sector as early as next month, paving the way for global online retailers such as Amazon to expand their business, four people with knowledge of the matter told Reuters.
NEW YORK, United States — Quiksilver Inc., the maker of surf clothing and other athletic wear, plunged the most in almost three decades after posting a wider loss and forecasting sluggish sales for the rest of the year.
JOHANNESBURG, South Africa — International retailers including Sunglass Hut International Inc. and Spanish clothing chain Mango have signed leases to open branches in Ghana, seeking to take advantage of rising consumer spending in Africa.
NEW YORK, United States — Fashion rules are made to be broken, Rihanna told a glittering crowd of fashion industry leaders on Monday, and her outfit dramatically conveyed that message: a sheer fishnet gown, sparkling with thousands of embedded crystals, that left little underneath to the imagination.
WASHINGTON, United States — U.S. antitrust officials on Friday gave the green light for the proposed merger of Men's Wearhouse Inc and Jos. A. Bank Clothiers Inc to move ahead, citing ample competition in the market for men's suits and tuxedo rentals.