Luxury houses, streetwear and the Asian designers shaping global style.
Guess Asia sales rose 17.5 per cent in the second quarter – and its operating margin improved in the region as well. Reporting its results for the three months to July 29, CEO Victor Herrero said global revenues rose 5.3 per cent to US$573.7 million and…
Cosmetics company Bonjour Holdings’ first-half operating loss expanded to HK$50.3 million (US$6.4 million) from $22.3 million for the same period last year. This follows a warning last month projecting a “substantial” Bonjour loss. The company’s gross profit…
Global supply-chain manager Li & Fung saw its half-year core operating profit jump by 11.9 per cent to US$170 million. Profit attributable to shareholders increased by 51.3 per cent to $101 million, while total margin percentage increased by 0.1 point on a…
US lifestyle group Cole Haan has signed a deal for distribution of its apparel, footwear and accessories in Greater China. It has formalised a long-term retail, wholesale and e-commerce distribution agreement with the Sitoy Group Holdings subsidiary that will…
Belstaff Japan has opened its fifth store, in Hankyu Men’s Tokyo, 18 months after the British fashion brand’s arrival in the nation. As well as the men’s AW 17 collection, the new outlet features a limited-edition leather jacket, and from next month will…
Despite a drop in revenue, Singapore luxury retailer FJ Benjamin’s net loss for its latest fiscal year has narrowed to S$17.42 million (US$12.7 million) from $22.96 million. Turnover slipped 18 per cent to $207.49 million mainly because of discontinued…
The Victoria’s Secret Fashion Show this year is still months away. As the date and location are still shrouded in secrecy, 57 beauties have already been confirmed as part of the lineup, with a record number of Chinese faces announced to walk the…
Jewellery retailer, Lovisa, has exceeded consensus forecasts by booking double-digit revenue, earnings and profit increases, signalling a strong start to FY18 trading. Revenue increased by 16.5 per cent to $178.7 million for the year ended 30 June on the…
Department store giant David Jones’ sales growth has weakened markedly amid a decline in consumer spending and a poorly received private label clothing range. DJs recorded a 25 per cent drop in operating profit while total sales edged up one per cent in the…
Three Chinese shoemakers have been ordered by a Chinese court to pay US sportswear company New Balance US$1.5 million in damages and legal costs for infringing its logo. It is believed to be the largest trademark infringement award ever granted to a foreign…
American apparel brands DKNY and Donna Karan are about to invade Greater China via a JV between New York’s G-III Apparel Group and investment fund Amlon Capital. As well as the mainland, the venture is targeting Hong Kong, Macau and Taiwan, with January 1 as…
Luxury high-end skincare brand Cha Ling has launched its first store in China, opening a flagship outlet in Shanghai. Cha Ling, which means ‘tea forest’ in Mandarin, is inspired by the rare Chinese Pu’er tea — a type of tea known for its anti-oxidant and…
Puig is partnering with The Shilla Duty Free and Changi Airport to exclusively launch the latest Prada fragrance duo: La Femme Prada L’Eau and L’Homme Prada L’Eau. The scents are available exclusively at The Shilla Duty Free for two weeks before a wider…
Thai authorities have arrested two men and seized 160,000 pairs of counterfeit footwear from six retail outlets. The footwear has a market value of about THB20 million (US$601,000), says Department of Special Investigation (DSI) deputy-chief Suriya…
Cosmetics retailer, Sephora, will open its 11th Australian store at Westfield Bondi Junction in September. The new location adds to the beauty chain’s five Sydney stores, located at Pitt St, Broadway, Macquarie, Warringah, Macarthur Square, as well as the…
Struggling surfwear chain, Surfstitch Group, has today entered administration after appointing John Park, Quentin Olde and Joseph Hansell of FTI Consulting effective immediately. The retailer’s online companies, SurfStitch (Aus), SurfDome (UK) and Swell (US),…
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