Shareholders sue over accusations of fraud
After the collapse of Farfetch and its rescue by Coupang at the end of 2023, several shareholders felt they had been wronged. Two of them are now suing the company,…
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Asics boosts profit estimate on return of the dad sneaker
By Bloomberg Published Jul 12, 2024 Asics Corp. raised its full-year operating profit forecast by 64% on rising demand for its practical running shoes in Japan and abroad. Asics The…
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Fila reinvents itself for new era via elevated collection and campaign
AW24 is a big season for Fila as it has launched a new campaign and collection that it says “celebrate the brand’s Italian heritage and underscore its refreshed focus on…
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David Beckham invests in wellness firm Prenetics, will launch IM8 brand
The David Beckham business empire continues to expand with news that the star footballer-turned-entrepreneur has invested in stock exchange-listed health sciences company Prenetics. Danny Yeung and David Beckham He’s become…
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BCBG inks licensing deals with G-III Apparel, JS International
Marquee Brands-owned BCBG announced on Thursday two new strategic partnerships for its brands BCBGMaxAzria, BCBG and BCBG Generation, with Group JS International , and G-III Apparel, respectively. Courtesy New York-based manufacturer G-III Apparel,…
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Paule Ka closes its website and all its shops
Paule Ka employees have been dealt a harsh blow. Placed in receivership in April 2024, the women’s fashion label is on the verge of winding down its operations ahead of…
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Hoka parent’s share slump is a chance to buy trendy brands, Wedbush says
By Bloomberg Published Jul 12, 2024 With Hoka and Ugg parent Deckers Outdoor Corp. peeling back from all-time highs, it’s the right time to buy, according to one Wedbush analyst….
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Decathlon launches investment subsidiary to drive diversification
Translated by Nicola Mira Published Jul 12, 2024 French sporting goods retailer Decathlon unveiled its new strategic plan and revamped visual identity earlier this year, and has now announced the…
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Uniqlo owner posts 29% jump in Q3 operating profit, raises forecast
By Reuters Published Jul 12, 2024 Japan’s Fast Retailing, the owner of clothing brand Uniqlo, said on Thursday its third-quarter operating profit surged 29%, buoyed by strong sales at home….
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Cucinelli sales up 14.7% in first half, 2024 sales guidance confirmed
By Reuters Published Jul 11, 2024 Italian luxury group Brunello Cucinelli on Thursday posted a 14.7% increase at constant exchange rates in first half revenues, thanks to double-digit growth in…
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