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SuperGroup, the British owner of fashion label and retail chain Superdry, managed a quarterly (until 31 January) turnover growth of 20 % to 141,1 million pound, some 170 million euro.
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Marc Jacobs will open the “Daisy Marc Jacobs Tweet Shop” during the New York fashion week. This store will accept tweets and Instagram posts as “payment”.
Burberry has promised to eliminate the use of any hazardous material in production process by 2020. The fashion brand received a lot of flak after a Greenpeace report last week.
German fashion company Gerry Weber saw its turnover grow 6.2 % to 852 million euro in its last fiscal year, thanks to 68 new stores. Gross profit dropped though, from 115.9 to 105.8 million euro.
British shoe brand Dr. Martens has founded two separate subsidiaries for Benelux sales. That means the decade-long distribution deal with Dutch FROS International will be terminated.
Swedish fashion giants H&M Group has seen its turnover grow 6% in its previous fiscal year (from 1 December 2012 to 30 November 2013), amounting to 9 % in local currencies.
Louis Vuitton Moët Hennessy (LVMH) saw its turnover increase by 4 % and profit by 2 %, mostly thanks to an excellent fourth quarter.
Mulberry has sent out a profit warning for its current fiscal year. It has had to give extensive discounts during the holiday period in Great Britain and its South Korean sales were much weaker.
Abercrombie & Fitch has split its CEO and president roles to appease the shareholders. They actually wanted CEO Michael Jeffries to be replaced, but will now have to settle for a compromise.
As to achieve its aim of doubling its turnover in the next four years, Spanish fashion retailer Desigual will speed up its expansion in Europe and the emerging countries - hoping to benefit from the expected growth in women’s fashion.
Irish fashion chain Primark has had excellent holiday sales: ABF’s fashion section added 12 % to its quarter’s turnover (taking exchange rate fluctuations into consideration).
The resigning Burberry CEO, Angela Ahrendts, has left the company in good shape and can leave for Apple with a clear conscience: the British fashion group managed a 14 % turnover growth in the past quarter.
British luxury online retailer Net-A-Porter has managed to lower its losses by 4.8 million euro last fiscal year compared to the year before. Both the turnover and profit margin improved, but the company faces an increasingly competitive market.
The Belgian Investment firm Gimv is taking a majority stake in French lingerie group Wolf. Gimv will own 52 % of the company’s share, while a French government fund will also invest in the lingerie manufacturer.
After opening a store on London’s Regent Street, British fashion brand Hackett is now focused on international expansion. The men’s fashion brand aims to open stores in Spain, Asia, South America and North America.
After the long and semi-successful struggle of their colleagues in Bangladesh, now also Cambodian and Haitian textile factory workers are demanding higher wages. The governments in both countries have increased minimum wages slightly already, but labour unions want a significant increase.
