In the second quarter of 2019, SMCP, the parent company of Sandro, Maje and Claudie Pierlot said consolidated sales reached 265.7 million euros (295.7 million dollars), up 8.9 percent at constant currency, while the company said, reported sales stood at 10.1 percent, including a positive currency impact of 1.2pts. For the full year, the group is targeting a sales growth of between 9 percent and 11 percent at constant currency and a stable adjusted EBITDA margin compared to 2018, excluding the ac

Carter’s, Inc. said for its second quarter net sales increased 38.2 million dollars or 5.5 percent to 734.4 million dollars, driven by growth in the company’s U.S. Retail and U.S. Wholesale segments, partially offset by a decline in net sales in the international segment. The company added that changes in foreign currency exchange rates adversely affected net sales by 2.1 million dollars or 0.3 percent, while on a constant currency basis, consolidated net sales increased 5.8 percent during the q

VF Corporation, for its first quarter ended June 29, 2019 reported revenue increase of 6 percent or 9 percent in constant dollars to 2.3 billion dollars.Adjusted revenue increased 6 percent or 8 percent in constant dollars to 2.3 billion dollars. Earnings per share were 24 cents on a reported basis, while on an adjusted basis, earnings per share increased 61 percent or 67 percent in constant dollars to 30 cents. Following strong first quarter results, the company has raised its sales and profit

River Island Global Holdings is to launch a new online womenswear brand, Harpenne targeting older women, a customer group that the fashion brand states has been “predominantly been ignored on the high street”.Due to launch in September, Harpenne will offer affordable womenswear pieces inspired by “European flair and femininity” as it looks to create a fashion line with a unique “point of difference” targeting women who are “rediscovering themselves and are embracing their sense of style”.In a st

German fashion retailer Gerry Weber plans to close all its UK stores by October as part of an ongoing restructuring plan.Gerry Weber International's most recent financial report for the 2016/17 year stated the retailer had 26 stores in UK and Ireland.“In the UK, Gerry Weber will concentrate its operations on its wholesale business, to perspectively grow with its business partners. Consequently, Gerry Weber will close all its retail stores,” a company spokesperson said in a statement. All the

French billionaire and owner of luxuryLMVH Bernard Arnault, 70, has pushed Microsoft co-founder Bill Gates down one slot for the first time in the seven-year history of the Bloomberg Billionaires Index to take the second rank. LVMH shares advanced on July 16, pushing Arnault’s net worth to $107.6 billion, ahead of Gates by more than $200 million.Bernard Arnault (left) and a Dior store. Pic: LVMH/ShutterstockArnault added about $39 billion to his fortune in 2019 alone, the biggest individual gain

Gerry Weber International Ag has announced that in the ongoing insolvency proceedings under self-administration, the company has received 49.2 million euros (55 million dollars) in funding from Robus Capital Management Ltd. and Whitebox Advisors LLP.Commenting on the development, Johannes Ehling, spokesman of the managing board of Gerry Weber International AG, said in a statement: "We are delighted to have found Robus and Whitebox as strong partners with great experience and standing in the

LA CORUNA – At its AGM today in Spain, Inditex says that by 2025, 100 per cent of the cotton, linen and polyester used by its eight clothing brands will be made from either organic, ‘sustainable’ or recycled fibres.It also revealed that its ‘Join Life’ labelled garments will account for 25 per cent of the total number of garments that it sells by the same date.With annual revenues in the region of €26.14 billion, the owner of Zara, Pull & Bear and Massimo Dutti says that its strategy to inte

AccentEmphasis given to a distinctive characteristic of a garmentAccessoriesIn fashion accessories refers to items with a useful or decorative purpose used in conjunction with one’s outfit. They complement and enhance the clothes worn. Include Belts & Suspenders, Bridal Veils, Eyewear, Footwear, Gloves & Mittens, Handbags, Handkerchiefs, Headwear, Jewelry, Legwear, Neckwear, Shawls & Wraps, Umbrellas, WatchesAcid washTreatment done on fabric to fade the colour with bleach solution. C

Reflecting changing times and a shifting world, Prada launches a new projectRe-Nylon, introducing a sustainable line of iconic Prada bag silhouettes executed in a unique new regenerated nylonEconylmade by Aquafil.Prada bag silhouettes are executed in Econyl made by Aquafil. © Prada/AquafilThe product of a partnership between Prada and the textile yarn producer Aquafil, Econyl nylon is obtained through the recycling and purification process of plastic waste. Aquafil brings new purpose to waste ma