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Dolce and Gabbana not guilty on tax evasion
Designers Stefano Gabbana and Domenico Dolce of Italian fashion label Dolce & Gabbana were ruled not guilty of tax evasion by Italys Corte Suprema di Cassazione. This also includes general...
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Macy’s to Open in Abu Dhabi
The Middle East will be getting the world’s first Macy’s department store outside the United States. On Tuesday the fashion retailer announced its plans to open Macys and Bloomingdales stores in the...
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Coach sales slide 10 percent
Handbag maker Coach Inc is far from complete in its turnaround efforts. Sales have fallen 10 percent in the brand’s first fiscal quarter of 2015. Coach had reported $1 billion in first quarter...
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Flash Sale Site Vente-privee To Shut Down US Operations
Flash Sale site Vente-Privee USA is making its exit according to a recent report by Fortune. The company which is a joint venture between American Express and flash sales pioneer Vente-Privee France...
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Estée Lauder Acquires Rodin Olio Lusso
After its recent signing to acquire indie fragrance brand Le Labo, Estée Lauder announced today that it has acquired luxury skin care brand Rodin Olio Lusso. Terms of the deal have not been disclosed....
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Hermes third quarter sales rise despite sluggish China demand
French luxury-goods maker Hermes reported that sales grew 10.6%. Despite facing a sluggish demand in China the sales growth is largely due to demand in Japan and the Americas, beating analysts...
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Style.com comes under Vogue umbrella
In an unexpected move Fashion site Style.com is once again under Vogue leadership. According to WWD, Style.com publisher Matt Rice will now report to Vogue publisher Susan Plagemann, while Style.com...
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Estee Lauder to acquire Frederic Malle fragrance
Beauty conglomerate Estée Lauder announced last week that it plans to acquire Editions de Parfums Frédéric Malle, the fragrance brand of perfumer Frédéric Malle. The Frédéric Malle collection was...
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American Apparel sales continue to drop
American Apparel announced on Monday its financial results for its third quarter which ended September 30, 2014. The company posted heavy Q3 losses after the clothing chains sales fell the most since...
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Burberry profit drops amidst difficult luxury surroundings
Following on its high-profile Christmas campaign featuring 12-year-old Romeo Beckham, British Luxury Fashion house Burberry reported on Wednesday a drop in its half-year profit. The company said that...
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Conde Nast Settles Intern Lawsuit For $5.8 Million
Publisher, Condé Nast announced on thursday that it had settled its class-action lawsuit brought by two former interns who claimed they were paid less than $1 an hour for summer work. The company...
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H&M sales surpasses expectations
Swedish budget fashion retailer Hennes & Mauritz, posted a 14 percent rise in October sales on Monday, in comparison to the same month last year. The rise beat Analysts forecasts by 4 percent. The...
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H&M To Open Online Stores In 8 More Countries Next Year
Following on its 14 percent growth for October, Swedish Retailer Hennes & Mauritz is said to be launching eight new online stores in 2015. The company said Tuesday that it will go online in...
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Victoria’s Secret launches mobile messaging app
Lingerie giant Victorias Secret has made its own mobile messaging app instead of targeting customers on popular platforms like Snapchat, Line, or Kiik. Combining chatting with shopping the messenger...
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Gap’s Sales Slip, Reshuffles Management
All-American brand GAP Inc saw its sales falling below its expectations. The San Francisco-based apparel retailer said total sales for October fell 9%, to $1 billion compared to $1.1 billion in...
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David Beckham To Launch His Lifestyle Brand
David Beckham is set to follow in his wife Victorias footsteps and launch his own fashion line. The former England captain is reported to have signed a new deal with a clothing brands company....
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American Eagle Profits Fall
It has been a very bad earnings season with most fashion retailers in the teen fashion space getting beaten up and coming out with disappointing earnings. The latest to join the list is Pittsburg...
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Abercrombie & Fitch Ceo Finally Steps Down
Michael Jeffries, longtime CEO of teen clothing retailer Abercrombie & Fitch has stepped down from his role at the company, effective immediately. The news comes just days after Abercrombie &...
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Frida Giannini And Patrizio di Marco Part Ways With Gucci
Fashion’s Power Couple, GUCCI’s creative director Frida Giannini and CEO Patrizio di Marco have stepped down. The 93 year old Paris-based company announced Marco Bizzarri as CEO today in one of its...
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American Apparel Fires CEO Dov Charney
After a harrowing year that’s been, Los Angeles retailer American Apparel officially announced on Tuesday that it had fired founder Dov Charney and appointed a new CEO. Following an investigation the...
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