Discount fashion retailer Primark said on Tuesday 21 April its operating margins may fall further in its second-half after sliding in its first-half due to the extras costs from a new distribution centre.
On March 17 we announced that an agreement had been reached between Uniqlo and Jil Sander. In fact, the partnership that Uniqlo has entered into is with Heidemarie Jiline Sander, founder of Jil Sander and not the label itself.
Louis Vuitton and Takashi Murakami have come together again. This time a tangy portfolio has been put together by the fashion house along with an unusual video from the multi-talented Japanese artist (discover the video in the article).
Italian brand Stefanel has used its Spring-Summer collection 2009 to launch its first line of jewellery. This expansion has been entrusted to Vicky Sarge, co-founder of the brand Erickson Beamon which has previously developed ranges for Givenchy, Dior and Chanel.
The Italian label Hogan is organizing a number of charitable events for the benefit of Best Buddies International, an association founded in 1989 which helps people with mental disabilities to improve their quality of life by forming friendships and finding a job.
Prada could be in the process of restructuring its debt. This would allow the fashion house to free up funds to open new stores and continue to take advantage of new opportunities in the recession; in effect, a crisis strategy.
Taken into receivership in October, Sixty UK has been saved. According to Drapers, the group which owns the Miss Sixty and Energie labels and its stores in the UK have been secured thanks to a Company Voluntary Arrangement.
In 2002, Falic Group bought Urban Decay from LVMH. Seven years later the American cosmetic brand, with headquarters in Newport Beach, has changed hands again and gone to Castanea Partners. The sum of the transaction has not been revealed.
Liu Jo is putting the finishing touches on his deployment to the Far East. At the end of 2008 the Italian brand joined with Hong Kong Liu Jo Asia-Pacific, a subsidiary that heads up the labels commercial arm throughout the area.
In the next few months India should see the arrival of collections from DKNY and Donna Karan New York. DLF Retail Brands, promoter of multiple international brands in India, has signed a contract with Donna Karan Studio.
British fashion label Ted Baker on Wednesday March 25 reported an 11.4 percent fall in full-year profit and said profit in 2009 would likely be lower due to the uncertain economic environment. Ted Baker posted an underlying pretax profit of 19.
Symrise, has received the U.S. Department of Agriculture Organic Certification. The German company know that they can rely on rapidly commercialising freshly labeled ‘organic’ perfumes, especially as the organic market in America is growing fast.