By Bloomberg Published April 15, 2025 The mini bling boom since the turn of the year is well and truly over. On Monday, LVMH reported first-quarter sales that missed expectations. No division generated growth. Each one underwhelmed. The crucial fashion and leather goods unit reported a 5% decline in sales, excluding currency movements, far below the 0.6% slide…
Translated by Nicola Mira Published April 15, 2025 Real estate services firm Cushman & Wakefield has published a study analysing data from over 2,000 rental transactions carried out in Europe in 2024. The study charts the evolution of the commercial real estate sector in the continent, where retail rents posted an overall increase compared to…
Translated by Roberta HERRERA Published April 15, 2025 This spring, Parisian womenswear label Ba&sh unveils its first foray into wellness, launching a capsule yoga collection and women-focused retreats across France—marking what the brand calls a “new holistic and hedonistic chapter.” With its new wellness offering, Ba&sh brings to life a long-standing vision nurtured by its…
Translated by Nicola Mira Published April 15, 2025 Intersport International Corporation GmbH (Intersport) has appointed Tom Foley as its new CEO. He will take up his new position at the Bern-based sports retailer on July 1, Intersport has said. Foley will succeed Steve Evers, who stepped down at the end of 2024 after six successful…
By Bloomberg Published April 15, 2025 Hermès’ market capitalization surpassed that of rival LVMH, the conglomerate that once tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate world 15 years ago. Hermès overtakes LVMH in value—years after fending off takeover attempt. – Reuters Hermès International…
Frasers Group on Tuesday announced a long-term strategic retail partnership with Accent Group. And “long term” is an accurate description with the deal being a 25-year agreement to launch Sports Direct across Australia and New Zealand. It also sees Accent acquiring MySale the local business of which Frasers took control in late 2022. Frasers said…
Translated by Roberta HERRERA Published April 15, 2025 Pull&Bear, the youth-oriented fashion brand part of the Inditex portfolio, is reinforcing its presence in the United Kingdom with the strategic relocation of its London flagship. As part of its broader international development plan, Pull&Bear has unveiled its new flagship store at 207–213 Oxford Street, in one…
The Very Group is back in the news again this spring, this time on the fiscal front to refinance its debt. Very Group The digital fashion group said it has entered into a notes purchase agreement for the issuance of £598 million privately placed senior secured notes due August 2027. The notes are expected to…
Translated by Nicola Mira Published April 14, 2025 German hiking and outdoor sports specialist Jack Wolfskin has changed hands again. US golfing specialist Topgolf Callaway Brands Corp. It has sold the brand to Chinese sportswear giant Anta Sports Products Ltd (Anta) for the reported sum of $290 million/€256 million. Anta has bought a brand that…
Ethical beauty brand Lush has filed its accounts for the year to last June and they show turnover dropping by 5% to £674.5 million. The company also remained loss-making as it continued to invest heavily in its store estate. Lush The company recorded a group EBITDA loss with the previous year’s EBITDA profit of £2.1…