Next has been facing tough times and its annual results on Friday illustrated that very clearly. It expects those tough times to continue but total sales for the current financial year are predicted to rise 1%.
After scouting for a buyer for a 100 percent stake in its Indian unit in January this year, Pepe Jeans has received non-binding offers from five global companies which could see one sign a deal in the near future.
Reliance Retail, a subsidiary of Reliance Industries that specialises in fashion and other FMCG products, aims to raise 4,000 crore rupees (approximately 601.2 million US dollars) by a rights issue to fund expansion.
Kenneth Cole has entered into a four-year licensing deal with UK-based GBG Europe Footwear and Accessories Limited to distribute men's and women's footwear, and manufacture and distribute women's handbags in EMEA.
Ted Baker's comp sales edged down in 2017 but an e-tail surge more than made up for that. And growth continued across the UK, Europe and North America, although recent snowstorms have dented the new year's trading.
Kanishk Gold Private Limited, which markets gold jewellery under the brand name Krizz, has been accused of fraud by the State Bank of India (SBI) which has led the CBI to file a FIR to investigate the matter.