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Italy’s Ferragamo Q1 net rises 10 percent
May 16th
MILAN – Italian luxury shoemaker Salvatore Ferragamo said on Monday its net profit including minorities in the first quarter rose 10.2 percent to 17 million euros boosted by higher sales. Photo: Salvatore Ferragamo
In a statement, Ferragamo said revenues in the first three months rose 19.1 percent to 259.6 million euros More >
Coty withdraws takeover bid for Avon
May 16th
Fragrance company Coty Inc withdrew its $10.7 billion takeover bid for Avon Products Inc on Monday evening, saying the world’s largest cosmetics direct seller had missed a deadline to start discussing a deal that Coty first proposed in March. Photo: Avon
The move leaves Avon shareholders relying on new Chief Executive More >
Dick’s Sporting 1st quarter beats market expectations
May 16th
Dick’s Sporting Goods Inc reported quarterly results that comfortably beat Wall Street estimates, helped by stronger sales at its online business and Golf Galaxy stores. Photo: Dick’s Sporting Goods
The largest publicly traded U.S. sporting goods retailer, also raised its full-year earnings per share outlook to $2.45 to $2.48 from $2.38 More >
Video: The Body Shop, Beauty with Heart in Action: Shea
May 16th
The Body Shop recently unveiled model and actress Lily Cole as its Global Brand Advocate and face of its ‘Beauty with Heart’ campaign.
Now, her new role has taken her to Ghana to discover the story behind The Body Shop’s Community Fair Trade Shea Butter.
Copyright © 2012 FashionMag.com All rights More >H&M April comparable sales fall 10 percent
May 16th
STOCKHOLM – Swedish budget fashion giant H&M said on Tuesday sales at stores open a year or more dropped 10 percent in local currencies in April, right in line with a Reuters poll forecast.
Overall sales eased one percent from a year earlier compared with a mean forecast for no More >
Cotton: large stockpiles are driving prices down
May 16th
While the world’s cotton stockpiles this year will be the highest in 25 years, the price of the raw material for delivery in July fell to 77.16 cents per pound last weekend. This fall in prices coincides with a communication from the U.S. Department of Agriculture, which, announced on May More >
Video: Royal Mail launches Great British Fashion series of stamps
May 16th
The Royal Mail has launched a series of stamps celebrating Great British Fashion. Featuring designs from Vivienne Westwood, Alexander McQueen, Zandra Rhodes and Ossie Clark, the images were shot for the series by fashion photographer, Sølve Sundsbø.
Photo: Royal MailCopyright © 2012 FashionMag.com All rights reserved.
Swiss body extends Swatch watch components measures
May 16th
ZURICH – The Swiss competition commission said it will extend measures for Swatch Group to supply mechanical components to competitors through 2013. Photo: Swatch
“This move was necessary because the lead time for ordering watch components are usually several months, but the probe against Swatch cannot be concluded by mid-year,” the More >
Avon to consider Coty’s $10.7 billion takeover bid
May 14th
Avon Products Inc on Sunday said it told Coty Inc that it would consider the smaller company’s $10.7 billion (6.6 billion pounds) takeover bid and it expected to respond within a week. Photo: Avon
In a letter to Avon’s board dated May 9, Coty said it was raising its offer from More >
Italy’s Safilo to cut 1,000 jobs
May 14th
MILAN – Italian eyeglasses maker Safilo said on Friday it plans to cut 1,000 jobs after losing a contract to manufacture eyewear for designer Giorgio Armani to larger rival Luxottica last November.
The company said it informed unions of its decision and will enter negotiations “to closely examine the situation” More >
