American Apparel, a vertically integrated retailer of branded fashion basic apparel, reported Friday its comparable store sales increased 3% for its third quarter ended when compared to the third quarter last year.
French handbag maker Hermes said on Thursday its watch unit was taking a 32.5 percent stake in family-owned Swiss watch case maker Joseph Erard, in the latest sign that big luxury groups are keen to snap up watch part makers.
Shares of Europe-focused fashion retailer Esprit Holdings Ltd , which plunged 19 percent on Friday, repeated the dive and dropped another 19 percent on Monday to their lowest level in nine years as investors dumped the stock following a weak earnings outlook.
Shares of Europe-focused fashion retailer Esprit Holdings Ltd (0330.HK) fell more than 20 percent on Friday morning after Asia's No.6 apparel and accessories retailer reported a worse-than-expected plunge in full-year profit.
Hermes won a major victory in its battle to torpedo a potential takeover by larger rival LVMH after a court cleared the French luxury group's plans to create a holding company that will lock in descendants of the founding family for 20 years.
Europe-focused retailer Esprit Holdings said it decided to sell its North American operations, after posting a worse-than-expected 98 percent drop in full-year profit that sent its shares down more than 15 percent.
Luxury goods group Hermes can create a controlling family holding to ward off advances from rival LVMH and hinder share sales to outsiders by descendants of the founding family, a French court ruled on Thursday.
The American group owned by PVH Corp has just completed a transaction which includes the buyout of the Murjani Group’s licence for the Tommy Hilfiger trademarks in India, as well as the acquisition of a 50% stake in Arvind Murjani Brands. The latter has been the apparel sub-licensee of the Tommy Hilfiger brand since its introduction in the Indian market.