Paul Marciano, co-founder of fashion giant Guess, is relinquishing his day-to-day responsibilities after model Kate Upton accused him of grabbing her breasts and aggressively kissing her, the company said Tuesday.
The company saw revenues rise by 20% in the fourth quarter and 7% for the full year 2017. The group also decided to sell Nautica during the fourth quarter and has classified it as a discontinued business.
The next London Fashion Week five-day season kicks off Friday morning; with a major drive to turns things ever more ecological; alongside a bittersweet farewell to the country’s most successful designer this century.
Fossil Group shares soared 79 percent in early trading on Wednesday as short sellers rushed to cover their positions, a day after the watchmaker posted a better-than-expected increase in sales in the holiday quarter.
H&M's e-tail business and new chains will be its biggest growth drivers in the next few years and are a focus for investment, it said Wednesday, as it also said that the start of the year has seen it discounting heavily.