Luxury concern LVMH has bought a 40 % stake in Australian sports clothing 2XU (“Two times You”). Using their Singaporean investment fund L. Capital Asia, the French company hopes to introduce the brand into the Asian market first, spreading across the world afterwards.
American clothing company Urban Outfitters saw its third quarter turnover increase 12 %, reaching 774 million dollars (570 million euro), while net profit grew 20 % to 70.3 million dollars (52 million euro).
Irish fashion discounter Primark is coming to Brussels: a lease has already been signed, making it highly likely that the Brussels store will open before the previously announced store in Ghent.
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