London-listed Koovs has been facing cash flow issues in recent periods and has been focused on preserving cash, but on Monday it said it has struck a deal worth £24 million as part of its financing drive.
Trading statements and results announcement are being closely watched at present as some global markets prove to be tough for fashion chains. So H&M was in the spotlight on Friday as it reported Q2 sales up 2%.
Inditex sales may have risen only 2% in Q1 but it was still a record quarter and without currency exchange effects it would have powered ahead by 7% as both online and stores expansion again proved a winning formula.
New Look has admitted last year was very difficult as it revealed bleak trading results amid external and “self-inflicted” issues. However, it said its turnaround plan is on track to deliver stability for the new year.
Is the omnichannel power player Ted Baker still on a good growth curve? Well, it’s still growing, but revenue in its latest period was up only 4.2%. Tough times were to blame, but e-tail and wholesale were buoyant.
Titan Co. Ltd acquired CaratLane two years ago and, reporting a 60 percent revenue increase for FY18, the business’ jewellery division head, C.K. Venkataraman, has expressed his satisfaction with the results.