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Global Brands Group has reported a net loss attributable to shareholders of US$598 million in the year to March. That followed a loss of $400 million the prior year, but the company claims its restructuring program involving axing brands and stores is paying…
Despite a slight revenue dip, Global Brands Group Holding has almost doubled its first-half operating profit. Its total margin continued its upward trajectory, increasing from 28.3 to 30.5 per cent, primarily because of sourcing optimisation. As a result of…
BCBG Max Azria has filed for bankruptcy protection. The filing is the latest step in a restructuring plan aimed at rescuing the business, following the closure of 120 stores. “Like many other apparel and retail companies, BCBG has fallen victim in recent…
Wing Tai, the corporate retailer which partners with Uniqlo and a raft of other brands, including the Arcadia Malaysia stores, says it is streamlining its retail business. The listed company has 85 retail stores in Malaysia’s major cities under 12…
