Jaeger has reported a 20% increase in sales for its quarter ended December 28th, compared to the same period last year with performance was underpinned by 57% jump in online sales following a recent overhaul of the brand’s online store.
Upscale yogawear retailer Lululemon Athletica Inc cut its quarterly forecast as the company struggles with the lingering effects of an embarrassing recall and controversial comments by its founder, sending its shares down 15 percent.
Travelling Chinese shoppers snapping up leather goods will drive sales growth in 2014 at luxury group Salvatore Ferragamo, its chief executive said on Sunday, before it showed a menswear collection aimed at promoting its Italian heritage.
Private equity group CVC Capital Partners has sold a 19.4 percent stake in Denmark's Matas for 1.18 billion Danish crowns ($216 million), the beauty retailer said on Friday.CVC paid 5.2 billion crowns for a 66 percent percent stake in Matas in 2007.
Shares in Italian luxury shoemaker Tod's were suspended from trading on Thursday after the stock fell 4.97 percent, a drop which a Milan-based trader attributed to a downgrade by investment bank Merrill Lynch.
Hong Kong-listed Chow Tai Fook Jewellery Group Ltd, the world's most valuable jewellery retailer, said on Tuesday its revenue grew 26 percent in the third quarter of fiscal 2014, driven by sales of both gold and gem-encrusted pieces.
Italian luxury fashion house Prada SpA has missed analyst estimates by posting a 8.6 percent rise in third-quarter profit, as solid performance in the Americas and Japan made up for slowing growth in Europe and Asia.