The North American division of Global Brands Group has filed for chapter 11 affecting both its wholesale business and certain subsidiaries and affiliates.
Rihanna’s Fenty brand is diving into a new category with the launch of its first fragrance, set to drop on August 10 at Fentybeauty.com.
Amazon.com Inc's forecast for third-quarter sales missed Wall Street expectations on Thursday, as consumers return to brick-and-mortar stores after shopping more online for the past year due to the pandemic.
Pinterest Inc on Thursday reported second-quarter revenue above Wall Street estimates, as ad spending by online retailers picked up with the economy bouncing back from pandemic lows.
Revenues at the Goleta, California-based footwear, accessories and apparel group totaled $504.7 million in the first quarter, up 78.2% year over year, as the company experienced strong growth across its brand portfolio.
The Rockford, Michigan-based owner of the Wolverine, Saucony and Merrel brands reported record Q2 revenue of $631.9 million on Thursday, progress which drove the company’s return to profit in the quarter.
The Denton, Texas-based professional hair and beauty supply company reported total Q3 sales of $1.02 billion on Thursday, an increase of 45.0% compared to $705.3 million in the prior-year period.
Italian fashion group Prada sees sales rising further in the second half of the year after revenues beat market expectations in the first six months, extending a recovery from the worst of the Covid-19 crisis.
German sportswear company Puma said on Thursday it remained concerned about the strain the coronavirus pandemic is putting on its supply chain, but reiterated its mid-term outlook remained positive.
Maybelline owner L'Oreal on Thursday said sales growth had accelerated in the second quarter partly due to resurging make-up sales in the United States as Covid-19 lockdowns ease.
Yet more positive news on UK retail rent collections. This time it comes from Midlands-based Mailbox REIT, which recorded a “strong” 92% collection rate for the 24 June-28 September period.
True to its word, Creightons has been on the acquisition trail. The personal care, beauty, and fragrance products maker has bought the Emma Hardie business, including its signature skincare brand, for £6.26 million.
City Chic Collective has continued its acquisition spree, buying Germany-based Navabi, the plus-size label that’s sold in its domestic market as well as in the UK and France.
Unibail Rodamco Westfield has reported H1 results and continued to see “significant Covid-19-related disruption” in the first six months. But it also highlighted its ongoing “resilience in tough operating conditions”.
Mothercare’s return to health was interrupted by the pandemic in the latest year, with the company’s results for the 52 to March 27 showing a much wider loss.
