The BFC launched the organisation’s China Partnerships Strategy in Shanghai this week with Ambassadorial President David Beckham and a number of BFC luminaries on hand to guarantee maximum publicity for the initiative.
Fashion house Versace did not receive any offers from Italian investors before selling to Michael Kors but the deal with the U.S. fashion group will create jobs in Italy, said creative director Donatella Versace.
The department store chain on Tuesday unveiled EVRI, a new private-label plus-size womenswear brand set to launch in Spring 2019, as the company aims to expand its offering in the inclusive clothing segment.
Nike Inc topped first-quarter profit on Tuesday, but a small rise in gross margins and no change in its 2019 forecast despite the launch of a successful ad campaign was still saw shares down 4% after hours.
The cat was already out of the bag yesterday but that didn’t detract from the impact of the news on Tuesday that Michael Kors is acquiring Versace for around $2 billion and changing its name to Capri Holdings.
Monsoon seems to be benefiting from its latest omnichannel initiative with the fashion retailer saying on Tuesday that it has generated £1.4 million in extra revenue online due to its Ship From Store offer.
Any info about the health of the UK high-street is of interest at the moment so half-year results from Next were closely watched on Tuesday and it seems the firm "over-performed", the news driving its shares up sharply.
Clothing retailer Next reported a 0.5 percent rise in first-half profit and raised its guidance for the full year, saying it did not experience the loss of sales in August or early September it had previously expected.