- Published in Fashion
Belgian fashion house FNG Group has had an excellent fiscal year: turnover grew 70 % and surpassed the 250 million euro mark for the first time. Profits also grew a lot.
American fashion company Abercrombie & Fitch has had another onerous quarter, but its turnover was markedly better than wat analysts had expected. Particularly Hollister performed well.
On 27 August, American fashion label Ralph Lauren will launch a hi-tech polo for men. At first, the polo, which will cost a hefty 250 euro, will only be available in the United States.
Shoe chain Foot Locker's like-for-like turnover grew 9.6 % in the second quarter of its fiscal year. Net profit also soared and grew a quarter compared to last year.
The Charles Vögele Group has been hit hard in the first part of 2015, mainly because of negative exchange rate fluctuations. When the minimal exchange rate was lifted, it mainly experienced tremendous price pressure in its home territory, Switzerland.