Daniel Wellington this week debuted its new Quadro collection, as it unveiled a brand-new ambassador, Tina Kunakey, for its watches in the latest moves from one of Scandinavia’s fastest growing accessories marques.
The CEO of Sergio Rossi is now a shareholder alongside Chinese group Fosun, which has recently acquired the Italian footwear label, and tells FashionNetwork.com how the operation unfolded, outlining his future plans.
Cantabil Retail India Ltd witnessed a 60 percent rise in its net profit at Rs 7 crore ($1 million) for the fourth quarter ended March 2021, as against a net profit of Rs 4 crore it had reported in the year-ago period.
Bata India Ltd reported a 23 percent fall in consolidated net profit at Rs 29 crore ($4 million) for the fourth quarter ended March 31, as against a net profit of Rs 38 crore it posted in the year-ago period.
Speculation over the future of Italian fashion group Armani came to the fore on Wednesday after the Milanese brand said it had no interest in a tie-up with car maker Ferrari, as proposed in a plan by investment banks.
Inditex bounced back with a vengeance in Q1 with the Spanish fashion retail giant reporting higher profits and saying its sales grew 50% year-on-year. Sales in Q2 so far have also exceeded those of Q2 2019.
Fast-moving consumer goods giant Emami has increased its product prices by 4% on average this fiscal year in a move designed to retain its profit margin and has launched rural expansion project ‘Khoj’ in Uttar Pradesh.