The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — French Connection Group's cost-cutting drive helped reduce losses slightly in the first half of 2018 and put it on track to turn profitable by the end of the year, interim results from the British fashion retailer showed on Thursday.
The owner of French Connection, Great Plains and YMC brands reported an underlying pretax operating loss of 5.5 million pounds ($7.2 million) for the six months ended July 31, down from 5.9 million pounds a year earlier.
By Shashwat Awasthi
The World Economic Forum in Davos, a retail convention in New York and menswear shows in Paris will command the industry’s attention. Plus, what else to watch for this week.
The owner of Lanvin, Sergio Rossi and other brands is the first fashion company to list on a US exchange in a year. But the tough economy and investor skepticism about money-losing start-ups is likely to keep others from following suit.
Kanye and Adidas, Johnny Depp and Dior: celebrity marketing can be a minefield as well as a goldmine — and social media has raised the stakes.
High-end brands continue to report record sales and profits, even as mass retailers trim their outlooks for the autumn and winter. Can it last?