Fashion

Austrian investment firm JAB Holding wants to sell Swiss shoe brand Bally, hoping to get at least 600 million euro. The same company sold shoe brand Jimmy Choo not too long ago, as it wants to focus on its food brands henceforth.

Shoe manufacturer Crocs has lost a patent court case revolving around the shoe’s design. According to the American Patent & Trademark Office (USPTO), another company has had a similar design for much longer.

Dutch fashion chain Coolcat, part of entrepreneur Roland Kahn’s group, has not managed to lower its losses in 2016. On the contrary: its losses grew more than 50 % compared to the year before.

German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.

Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon. 

Fashion label Ralph Lauren’s first quarter was a very good one, as it beat both analysts’ turnover and profit forecasts. It is quite a turnaround for a company that suffered a huge loss only a year ago.

British fashion chain New Look had a disappointing quarter, with a 4 % turnover drop. Its adjusted EBITDA fared much worse, with a 35 % drop.

Dutch ING Bank will have to pay the Dutch and European Foot Locker branches 300,000 euro in damages. A court decided the fee after Foot Locker was scammed for 1.8 million euro in 2015.

Sports brand Asics opened a new flagship store in London, which is also its largest store in the world. Located in Regent Street, the store will bring together its four labels for the first time ever.

Dutch clothing brand Tumble ’N Dry will head to China in September, with its own web shop on Alibaba subsidiary, Tmall. It will become the first non-European market for the brand.

French luxury group Kering has decided to drop a case against Chinese Alibaba regarding the sale of counterfeit items. Both companies will now join forces to combat counterfeit sales.

On 7 September, Aldi Süd is presenting a new clothing line in collaboration with American singer Anastacia, during a Cologne fashion show. The clothes will be available in every store from mid-September onward.

German sports fashion producer Adidas has had an exceptionally strong second quarter as turnover grew an astonishing 20 %. Based on those results, the company has adjusted its full-year forecast.

German clothing brand Hugo Boss is finally starting to reap the benefits from its restructuring plan. Sales grew once more in the second quarter, thanks to China, the United State and its own boutiques.

Japanese Uniqlo is planning to install vending machines in American airports and shopping centres. People can use these to buy the famous thin jacket, but also the “heat-retaining” shirt. 

Lingerie chain Hunkemöller’s turnover grew in the past fiscal year, but costs related to the Carlyle Group acquisition, led to an overall loss.

Calvin Klein’s flagship store in New York has been remodeled, with a nearly fluorescent yellow colour as the main eye catcher.

Luxury group Kering published record results for its first half of the year: turnover grew nearly 30 % and net profit skyrocketed 77.6 %. Particularly its luxury brands performed well.