After news this month that it will buy Bally, Shandong Ruyi could be on the verge of making an even bigger impact on the fashion sector with a report on Sunday that it’s mulling a bid for Topshop owner Arcadia.
The company saw revenues rise by 20% in the fourth quarter and 7% for the full year 2017. The group also decided to sell Nautica during the fourth quarter and has classified it as a discontinued business.
The next London Fashion Week five-day season kicks off Friday morning; with a major drive to turns things ever more ecological; alongside a bittersweet farewell to the country’s most successful designer this century.
Dutch fashion retailers are showing better results after a number of hard years. Chains are benefitting from the Netherlands’ economic recovery and reaping the rewards of adapting to changing consumer behaviour.
Fossil Group shares soared 79 percent in early trading on Wednesday as short sellers rushed to cover their positions, a day after the watchmaker posted a better-than-expected increase in sales in the holiday quarter.
Marking the biggest sales dip in 11 months, US consumer spending cooled off in the first quarter, following the holiday season's strong showing. Year-over-year data, however, shows a healthy uptick of 5.4 percent.