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Moschino, Ferretti parent sees lower sales, swings to net loss

Moschino, Ferretti parent sees lower sales, swings to net loss

Aeffe SpA reported 31.4 per cent sales decline to €118.9 million in its first half ended on June 30, 2020 compared to sales of €173.3 million in the same period last year.
Люкс
Richemont to ask shareholders permission for conditional share capital increase

Richemont to ask shareholders permission for conditional share capital increase

Richemont, the owner of Cartier and Chloé, gave details of its proposed shareholders' loyalty scheme on Friday, where it will give warrants to investors which later can be converted into newly created stock.
Люкс
Fashion struggled in July says latest BDO sales tracker

Fashion struggled in July says latest BDO sales tracker

July was a disappointing month for UK physical shops and fashion really struggled with online sales unable to make up for spending that wasn't happening on the high street.
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Alicia Keys links with E.l.f. for new beauty brand

Alicia Keys links with E.l.f. for new beauty brand

The American singer, actor and producer is joining the ranks of celebrities who've brought out their own line of make-up or skincare. The singer has teamed with E.l.f. on the project.
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UK shops see more visits in July but numbers still low - BRC survey

UK shops see more visits in July but numbers still low - BRC survey

More British shoppers returned to the high street in July, helped by the reopening of pubs and restaurants, but numbers were still much lower than normal for the time of year, an industry survey showed on Friday.
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Trump issues bans on China's TikTok, WeChat, stoking tension with Beijing

Trump issues bans on China's TikTok, WeChat, stoking tension with Beijing

U.S. President Donald Trump on Thursday unveiled sweeping bans on U.S. transactions with China's ByteDance, owner of video-sharing app TikTok, and Tencent, operator of messenger app WeChat.
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Henkel shampoo sales slide but cleaning products soar

Henkel shampoo sales slide but cleaning products soar

German consumer goods group Henkel reported a big drop in sales of its beauty care business on Thursday on the closure of hair salons due to the coronavirus.
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Hammerson to raise £825m, reboot lease terms with retailers, sell VIA stake

Hammerson to raise £825m, reboot lease terms with retailers, sell VIA stake

UK shopping centre operator Hammerson announced moves to raise a combined £825m on Thursday and said it would reboot the terms of its leases with retailers as it faced a slump in rent collections and footfall.
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Eurozone retail sales back to pre-crisis levels, fashion up but e-tail slips back

Eurozone retail sales back to pre-crisis levels, fashion up but e-tail slips back

Retail sales volumes in the eurozone rebounded in June to levels seen in February before lockdowns, official estimates showed on Wednesday, completing a recovery that began in May after record drops in March and April.
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Capri beats sales estimates on e-tail surge, China strength

Capri beats sales estimates on e-tail surge, China strength

Capri Holdings Ltd reported a smaller-than-expected quarterly loss on Wednesday, helped by a recovery in demand for its Versace and Jimmy Choo brands in China and a surge in online shopping.
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​Footballer who tackled poverty stars in British Vogue's Black 'hope' issue

​Footballer who tackled poverty stars in British Vogue's Black 'hope' issue

Marcus Rashford, whose campaigning pushed the government to change policy on free school meals, has won further recognition for his poverty-fighting efforts - on the cover of British Vogue celebrating black leaders.
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Amazon starts preparations to launch in Sweden

Amazon starts preparations to launch in Sweden

Amazon.com Inc has started preparations to launch in Sweden, marking its first step to establish a local presence in a Nordic country.
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Ralph Lauren revenue sinks as pandemic hammers demand

Ralph Lauren revenue sinks as pandemic hammers demand

Ralph Lauren Corp said on Tuesday its quarterly revenue plunged by nearly $1 billion, as it struggled with coronavirus-led store closures and a slowdown in demand for luxury goods across the world.
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Google Cloud prepares for Black Friday 'peak on top of peak'

Google Cloud prepares for Black Friday 'peak on top of peak'

Alphabet Inc's Google Cloud unit is poised for a surge in fourth-quarter sales from U.S. retailers, as they brace for record online shopping during the holidays because of COVID-19 lockdowns.
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John Lewis makes major move on supplier engagement

John Lewis makes major move on supplier engagement

​Department stores chain John Lewis has announced that, “following a successful trial”, it’s rolling out a new “progressive supplier engagement programme” called Better Jobs to all of its 120 UK manufacturing suppliers. 
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Hugo Boss returned to growth in China in June, but repots Q2 loss

Hugo Boss returned to growth in China in June, but repots Q2 loss

Hugo Boss said on Tuesday it had returned to strong growth in China in June and online sales jumped 74% in the second quarter even as it reported an overall 59% fall in sales for the period due to lockdowns.
Люкс