Following the French competition authority's approval of the group's acquisition of The Kooples, Thierry Guibert of Maus Frères, owner of Lacoste, Gant and Aigle, has confided the brand to Aigle's CEO.
The Birmingham, Alabama-based sportswear retailer reported a 25% increase in net sales for the first quarter on Friday, leading to a convincing revenue and earnings beat for the second consecutive quarter.
Sportswear retailer Foot Locker posted a net profit of $172 million (€153 million) in its first quarter of 2019, ended in early May, which is equivalent to an increase of 4.2% over the corresponding prior-year period.
The Canton, Massachusetts-based specialty big and tall menswear retailer announced a 0.3% decline in first-quarter sales on Friday, as moderate progress in wholesale was offset by store closures and slipping comps.
Giorgio Armani made a personal debut on Friday evening in Tokyo. He staged his first cruise runway show, showing a huge resort collection presented with splendor inside the national museum of the Japanese capital.
Delivery options for goods ordered online are increasingly bringing physical shops into the equation with click & collect options hugely popular for consumers and John Lewis is aiming to drive this further.
Mothercare has reported more weak results but the mother-and-baby products retailer talked of progress and its focus on rebuilding itself as a global brand with a bigger move into digital and more exclusive products.
Massmart has appointed Walmart Japan former interim president and chief executive officer Mitchell Slape as its new CEO, succeeding Guy Hayward who resigned in May, the South African retailer said on Thursday.
Steinhoff will face a class action before a German regional court, dragging shares in the South African furniture retailer down by as much as 10 percent on Thursday, as the fallout from its accounting scandal continues.
South African retailer The Foschini Group (TFG) is investing $35 million in technology to adapt to the changing landscape of apparel retail, where online shopping has put a pressure on brick and mortar.