The Federation de la Haute Couture et de la Mode has released estimates revealing that collectively all its catwalk seasons in Paris so far in 2021 scored a Media Impact Value of nearly a quarter of a billion euros.
Galeria Karstadt Kaufhof director Miguel Müllenbach has planned numerous discount campaigns for when lockdown regulations ease. Germany’s last department store chain may require additional aid from the state.
As it continues efforts to rightsize its portfolio and repay its debt, Hong Kong’s Global Brands Group has announced the sale of its Spyder business in Korea to Alpha Vista Investment Co. for $40 million.
Maintaining strong momentum since its IPO and delivering a “very good performance” for the year. That was the headline news from online women’s fashion retailer In The Style as its collab format drew in new customers.
Facebook beat Wall Street expectations for both quarterly revenue and profit on Wednesday but warned that growth later this year could "significantly" decline as new privacy policies will make it harder to target ads.
The American footwear and accessories group announced on Wednesday that its revenues for the fourth quarter ended March 31, 2021, totaled $361.0 million, an increase of 0.5% from $359.2 million in the prior-year period.
German sportswear company Puma reported a 26% jump in first quarter sales on Wednesday despite ongoing coronavirus lockdowns, congestion at U.S. ports and backlash in China over its comments on Xinjiang.