Marimekko may be quite low-key when it delivers its earnings announcements but its high-profile prints are clearly making an impact on consumers, despite the tough market and a few difficult years for the business.
Australia’s biggest department store chain, Myer Holdings Ltd, cut its growth targets on Wednesday as it battles intensifying competition and a rebellion from its biggest shareholder, sending its shares sharply down.
Saks Fifth Avenue owner Hudson’s Bay Co said on Wednesday it had received a bid for its German department store chain Kaufhof from Signa Holding, the Austrian property and retail group that owns Karstadt.
Luxury brand Coach Inc said it had applied to delist from the Hong Kong stock exchange, dealing another blow to the financial hub, a day after commodities trader and miner Glencore said it planned to withdraw its listing from the city.
Tuesday’s announcement that Christopher Bailey will depart Burberry has already ignited intense speculation about his successor. Within minutes after the news broke, a firm favorite was already installed – Phoebe Philo.
Indore based designer Anvita Jain launched her new collection Fiori for the upcoming winter festive season with plans to take the collection across India and international markets in the coming months.