Fung Strategic Holdings Limited, a member of Fung Investments, has invested $35 million in ShopX, one of the leading B2B e-commerce companies in India.
Gildan Activewear reported adjusted EPS of $0.52 per share on a diluted basis for the second quarter of 2018, up 6.1 per cent, due to higher sales in activewear.
The revenue of Lenzing in the first half of fiscal 2018 declined by 6.4 per cent to €1,075.4 million, impacted by less favourable currency exchange rates.
The Indian government has stated that the representation received from trade bodies regarding the Flipkart-Walmart deal have been forwarded to the concerned departments for necessary action.
Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China's booming on-demand services market.
Europe's biggest pure online fashion retailer trimmed its sales and profit outlook for the full year after quarterly results fell short of analyst expectations even though it reported a record number of customers.
Danish jewellery maker Pandora , known for its charm bracelets, has cut its sales and profit margin guidance for this year following falls in both measures in the second quarter.
The CEO of Tod’s said on Friday results for the first half of the year confirmed the new strategy adopted by the Italian luxury group was appropriate and bearing first fruit.
Amazon, Microsoft and Alphabet are locked in a tight race to become the second publicly-listed U.S. company to reach a $1 trillion stock market value after Apple became the first to touch the 13-digit milestone.
Perry Ellis International Inc said on Friday men’s fashion accessories maker Randa had raised its offer for the company to $458.6 million that could result in a superior proposal.
Online retail giant Amazon.com Inc , whose entry into Australia last year rattled established bricks-and-mortar retailers, posted a modest loss in its earliest days in the country, corporate filings show.
Desigual CEO Thomas Meyer has acquired a 10% stake in the Spanish fashion brand, which was purchased by the Eurazeo investment firm in 2014. Meyer now becomes the sole shareholder of the Barcelona-based label.
For the second quarter of fiscal 2018, HanesBrands has reported net sales growth of 4 per cent to $1.72 billion, meeting its guidance range of $1.7 billion to $1.725 billion.
Safilo said on Thursday it expected a 3 percent decline in full-year 2018 sales at constant currencies after poor sales in Europe and ongoing weakness in North American department stores hit its second-quarter.
The US beauty supplies specialist recorded a 0.2% decline in net sales, down to $996.3 million, in the third quarter. The company is maintaining its focus on its restructuration plan, and announced the forthcoming closure of 1-2% of its stores.
