Hong Kong firm buys Aquascutum in $24 million deal
A Hong Kong company said it has agreed to buy the business and assets of troubled British luxury clothing maker Aquascutum for £15 million ($24.2 million).
Today's News
Betsey Johnson chain starts liquidation sale
U.S. fashion designing house Betsey Johnson LLC, which filed for Chapter 11 bankruptcy protection last month, has commenced a going-out-of-business sale at its stores and outlets.
Coty ups bid for Avon, has Buffett's backing
Beauty products group Coty upped its offer for rival Avon Thursday, saying it had the support of billionaire Warren Buffett in the already once-rejected takeover bid.
H&M 'sorry' for using deeply tanned swimwear model
Swedish cheap-and-chic fashion giant H&M on Thursday apologised over a swimwear campaign featuring a deeply tanned model that sparked outrage among cancer groups."We are sorry if we have...
Kohl's profit, margins slip on price cuts
Mid-tier department store chain Kohl's Corp reported a 23 percent drop in first-quarter profit as its gross margin was hit by price cuts designed to lure back shoppers.
Esteban Cortazar re-launches his eponymous label with the help of Net-a-porter
He’s been out of the spotlight since his collaboration with Ungaro ended in 2009, but Colombian Esteban Cortazar, one of the most talented young designers around, still has his...
Hermes celebrates its love of leather in London show
The polished halls of London's Burlington Gardens have a rather unusual visitor: Zouzou, a white rhinoceros with golden horns is here to celebrate the latest exhibition for Hermes.
Lagardere first-quarter sales fall, keeps earnings goal
French media-to-aerospace conglomerate Lagardere posted a 12.5 percent drop in sales in the first quarter, weighed down by its fledgling sports unit and after it sold its international...
Video: Italiana - an italian style comedy by Dolce & Gabbana
The vintage inspired Matt Silk Collection for SS12 is cool, pretty and perfectly in tune with this season's main trend: Fifties.
Video: Louis Vuitton presents "100 Legendary Trunks" iPad Application
Trunks for explorers, magicians, actors or Maharajas... Discover the secrets of the most exceptional Louis Vuitton trunks and take on board for an outstanding journey around the world now...
L'Oreal loses EU trademark battle to Allergan's Botox
France's L'Oreal has lost its bid to keep a cosmetics trademark on Thursday, with Europe's highest court ruling it could not use the Botocyl mark as it would be riding on the coattails of...
Coty raises Avon bid, sets talks deadline
Beauty products company Coty Inc has raised its bid for Avon Products Inc but said it would withdraw its offer if Avon did not enter into discussions by May 14, according to a letter Avon...
Brad Pitt new face of Chanel No.5 perfume
Actor Brad Pitt is to be the new face of Chanel No.5 perfume, one of the most famous fragrances in the world, the French fashion house said on Wednesday.
Celebrity hair stylist Vidal Sassoon dies at 84
Vidal Sassoon, hair stylist and fashion world icon who created a natural look in the 1960s and built a multi-million dollar business on his name, has died of apparent natural causes at...
Esprit shares up as sales improve, divestment plan completed
Shares of Esprit Holdings Ltd, the biggest Hong Kong-listed clothing retailer, rose to the highest in about a week after quarterly store sales improved and the company booked a write-back...
SuperGroup sales growth slows
SuperGroup, the company behind the Superdry fashion brand, posted a slowdown in sales growth in its fourth quarter, blaming the tough retail environment.
Sainsbury profit climbs in tough UK market
J Sainsbury, Britain's No.3 grocer, posted annual profit towards the top end of expectations as it lured cash-strapped shoppers to its cheaper own-brand ranges and tapped into growth...
Weaker retail sales, jobs surveys raise risk of longer slump
British retail sales posted their biggest fall in more than a year last month and growth in the number of people placed in permanent jobs in Britain slowed, raising the risk of another...
A love story that sparked a fashion empire
Mention the name Missoni, and most think of a fashion empire that revolutionised textile patterns, spawned the no-bra look on the catwalks, and is now a global brand that designs...
The global department store summit unveils finalists up for its award
The global department store summit, which will be held on 10th and 11th May in Paris, will be the setting for the awarding of its department store of the year trophy. The three finalists...
London show celebrates modern age design innovation
The Jaguar E-type, an LED dress and Concorde lead visitors through the last 60 years of British design in this summer's flagship exhibition at the Victoria and Albert Museum.
Macy's outlook disappoints, shares drop
Macy's Inc kept its full-year profit forecast despite reporting better-than-expected first-quarter earnings on Wednesday, sending the retailer's shares down 4 percent.
Germany's Metro to double China stores in 3-4 years
Germany's Metro plans to double the number of its stores in China to more than 100 over the next three to four years to grab a bigger share of the country's growing retail market, China...
Pandora lifts recovery hopes with first quarter beat
Danish jewelry maker Pandora posted a smaller-than-expected fall in first-quarter earnings, raising hopes its plan to allow retail outlets to swap less popular items with better selling...
For luxury, all that glitters is gold
The year has certainly got off to a good start for luxury companies, with firms like LVMH, home to Louis Vuitton, reporting stellar results for the first quarter.
Japan iced bra aims to keep everywhere cool
A bra with built-in ice packs, a wind chime and a sprig of mint that was unveiled in Japan on Wednesday is promising to keep women cool this summer.
Penta, Eastbridge raise bid for retailer EM&F again
Czech private equity group Penta Investments and fund Eastbridge sweetened their bid for Polish retailer Empik Media & Fashion for the second time in two weeks on Tuesday, hoping to quash...
India's Galliano says it's all about the product
Indian designers are famous for their elaborate embroideries and rich textiles but have yet to come up with products to woo the world's fashion hotspots in the West, says Manish Arora,...
Petra Diamonds production surges, prices rise
Africa-focused Petra Diamonds Ltd's quarterly production more than doubled as output from its Finsch mine in South Africa was taken into account for the first time, and the miner said...
British woman makes marathon history in bionic suit
A paralysed British woman became the first person to complete a marathon in a bionic suit as she crossed the finishing line in London on Tuesday 16 days after the race began.
Met Museum glamour fest unites Prada, Schiaparelli
New York's Metropolitan Museum opened its latest homage to the ultra expensive, glamorous world of high fashion Tuesday with an "Impossible Conversations" exhibition of Elsa Schiaparelli...
Canada teen discovers tree pulp has anti-aging benefits
An Ontario teenager who recently moved from Singapore to Canada won a national science award Tuesday for her groundbreaking work on the anti-aging properties of tree pulp, officials said.
Fossil says Europe to weigh on results, shares plunge
Fossil Inc missed sales estimates for the second straight quarter and warned that a weak European market will continue to weigh on its results through the year, prompting investors to...
New Sycamore bid disappoints Talbots investors
Sycamore Partners marginally raised its bid for Talbots Inc to $214.6 million, disappointing investors looking for a more substantial offer that could ensure the sale of the struggling...
Asics to open more stores in Europe
Asics will open two stores in Spain this summer – in Madrid and Barcelona – in addition to the flagship store on London’s Oxford Street that the Japanese sportswear brand will open during...
Barneys gets new owner in debt-for-equity deal
Barneys New York Inc has struck a deal with Perry Capital that will significantly reduce the luxury chain's large debt load and turn the hedge fund into its majority owner, Women's Wear...
Luxottica eyewear gets boost from Asia, Brazil
Italy's Luxottica, the world's largest premium eyewear maker, said sales in the first quarter rose 14.9 percent from a year ago, buoyed by dazzling sales in emerging markets such as...
Model, French billionaire settle on child support
Former supermodel Linda Evangelista's 5-year-old son Augustin is unlikely to lack pocket money after his billionaire father made an out-of-court settlement for child support in New York...
Luxury goods market to grow 7% in 2012
The global luxury market is forecast to grow by up to seven percent in 2012 despite the financial crisis, as China continues to drive consumption, a study by an Italian foundation...
Sycamore raises Talbots offer to about $215 million
Women's apparel retailer Talbots Inc, which had opened its books to Sycamore Partners in January, received a raised takeover offer of $214.6 million from the private equity firm.
Jeweller Graff aims for June listing in Hong Kong
High-end London-based jeweller Graff Diamonds is planning to list in Hong Kong on June 7, a report said Monday, as it seeks to raise up to $1.0 billion in one of the biggest IPOs this year.
CalSTRS says Wal-Mart top leadership in question
The second-largest U.S. public pension fund said that allegations of bribery in Mexico and a cover-up by top management at Wal-Mart Stores Inc raise the question of whether top leadership...
Hypermarcas sees 'signs' of recovery after profit miss
Clients of Brazil's Hypermarcas appear likely to increase orders of medicines and beauty care goods in the second half of the year, in a sign that government steps to kick-start the...
EBay, Wal-Mart search for revved-up search engines
EBay Inc and Wal-Mart Stores Inc are developing new Web search engines to better compete against Amazon.com Inc in the fast-growing e-commerce market.
Teen retailer Tilly's shares surge in market debut
Tilly's Inc's shares opened 23 percent above their IPO price in their market debut, as investors looked to grab a piece of the fast growing specialty retailer in an otherwise weak IPO...
Volcom: a line of “closed fashion footwear” in the works for 2013
With help from Puma, PPR’s other Sport & Lifestyle brand, Volcom, plans the launch of a first real footwear collection for next year.
Quiksilver names its Financial Director
The boardsports brand has announced the appointment of Richard Shields as head of finance, a role he previously held at Oakley.
Estée Lauder Q4 forecast disappoints, shares slip
Estée Lauder Cos Inc gave a profit forecast that disappointed Wall Street on Friday, overshadowing large gains in sales of its skin-care products last quarter at U.S.
Paco Rabanne drops art director Arora by 'mutual' accord
Fashion house Paco Rabanne, which launched a women's ready-to-wear line last year, has dismissed its artistic director, Manish Arora of India, by a "mutual agreement," it said Friday.
Columbia Sportswear under the weather in first quarter
The American group suffered from the effects of a very mild winter in the first quarter of 2012 closed end of March. Sorel, which had an excellent year in 2011, showed a drop of 38% in...