Fashion
Yoga and sports brand Lululemon is opening a new 1850 sqm mega concept store in Chicago. The flagship comes with its own restaurant, fitness rooms and yoga studios, all with the goal of offering more experience to customers.
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Hermès has had a strong first half of the year. The French luxury house saw its turnover rise by 15%. Growth was strongest in Asia, but improved in all regions.
Valérie Hermann, president of global brands at Ralph Lauren, will be leaving her position after three years. It is not yet known who will succeed her.
French luxury group Richemont has seen its turnover increase by 12 % in the first quarter of the current financial year, as its online activities grew spectacularly.
Carlos Crespo's appointment as CEO of Inditex, which was announced earlier, has been officially confirmed by the Spanish fashion group's general meeting.
Fashion label Stella McCartney has closed a deal with French luxury house LVMH to accelerate its development. Interesting detail: only last year, Stella McCartney left Kering, another French luxury concern.
Swiss watchmaker Swatch has seen its turnover and profit drop over the past six months, due to political tensions in China and what it calls the "grey market": unofficial traders selling the watches at discount prices.
Bringing in Italian designer Riccardo Tisci was a fruitful move for British luxury brand Burberry, which performed very well in its latest quarter.
Fast Retailing, the Japanese parent company of clothing brand Uniqlo, has seen continued turnover growth in the third quarter. International activities have performed particularly well.
Superdry is sinking deep: the British fashion label has now reached a record loss of more than one hundred million euros, while turnover remains stagnant.
Levi Strauss saw its first quarter on the stock market end on a negative note: there was less profit than envisioned, to the investors' disappointment. Still, sales of the jeans brand went up in every market.
FNG, known from Brantano and Miss Etam, is taking over the Swedish Ellos Group, a leading e-commerce player in fashion and interior decoration. A sum of 229 million euros is involved.
French sneaker retailer Courir is coming to Belgium with its own stores. The first two outlets will be opened in Brussels, more precisely in City 2 and at the Elsensesteenweg.
Fashion brand McGregor will be returning to the streets in Belgium and the Netherlands. The label is about to open six stores in the two countries in the coming autumn.
Afound, the newest outlet and multi-brand formula created by the H&M group, is making its entry in the Netherlands. It will be the first market for Afound besides domestic Sweden.
For the eighth quarter in a row, Swedish fashion chain H&M is reporting a decreasing profit, despite having achieved turnover growth. Management is now forced to take measures: there will be far fewer new stores than originally planned.
