Driven by flagship label Moschino and its multi-brand channel, the Italian fashion group has announced strong growth in the first nine months of the year, reporting double-figure increases in both revenue and profit.
Salvatore Ferragamo said its outlook for the year remained cautious after posting a 3.3 percent drop in nine-month sales, hit by currency swings and due to weakness in some divisions and geographic areas.
The Enforcement Directorate has attached 11 properties owned by the fugitive jewellery tycoon Nirav Modi to the case, it said on Tuesday. The properties are located in Dubai and worth Rs 56.8 crore ($7.79 million).
The Enforcement Directorate (ED) will now question the fugitive jeweller Mehul Choksi’s Hong Kong director Deepak Krishna Rao Kulkarni after arresting him in Kolkata in hopes of learning more about Choksi’s businesses.
Michael Kors may have seen its shares falling sharply after sales missed analysts’ forecasts, but the message from the company’s top team was (almost) all positive as it looked to a time when it will be an $8bn group.
Burberry was upbeat on Thursday morning as it reported half-year results saying that its “brand repositioning is under way, with strong initial response” and that it’s “energised by the early results.”
Italian heritage fashion house Brunello Cucinelli reported on Tuesday double-digit growth for the first nine months of 2018, with impressive sales increases across all major markets including Asia, the U.S. and Europe.