Analysts widely supported Tommy Hilfiger Corp.’s move to restructure its operations and close down pieces of its business, but they cautioned Monday that more is needed. “While this is a significant step, we still think the business is unhealthy,” said Prudential Equity Group analyst Lizabeth Dunn. Investors, however, liked the news enough to lift shares […]
Officials of the European Union have revealed that they plan to drop $4 billion (GBP2.2 billion) in penalizing tariffs on a number of textile- and apparel exports to the US. The decisions were made as a reprisal against so-called illegal subsidies, they said. The sanctions are expected to be revoked from 1 January 2005. In […]
The Italian fashion house Valentino is to be spun-off into a separate new entity called Valentino Fashion Group SpA. Parent company Marzotto SpA announced the change last week. It plans on spinning off its fashion brands, which include Marlboro Classics, a stake in Hugo Boss AG and Valentino into a new company. Shareholders in Marzotto […]
High street retailer Wallis is teaming up with a host of celebrities from Victoria Beckham to Mattew Williamson, to create a charm bracelet to raise money for Cancer Research UK . The bracelet will be in stores from this week and will sell for £15. The aim is to raise £150,000 for the charity. The […]
Fast fashion retailer Hennes & Mauritz has moved some of its production out of China, Chief Executive Officer Rolf Eriksen said Wednesday. Eriksen was speaking at a press conference after the release earlier Wednesday of the company’s third-quarter results. Sweden was among those hit when European Union authorities declared some temporary quotas on Chinese imports […]
Jens Laugesen ís the great exponent of modern, sensually androgynous tailoring. For Spring Summer 06 he showed sophisticated asymmetry in black or white or a mixture of the two. The London-based Danish born designer knows how to mix the conceptual with the commercial. Oversized waistcoats were worn over jersey dresses, button-ruched skirts hinted at volume, […]
Retailers looking for the traditional Bank Holiday flood of shoppers dashing to the high street were disappointed. According to figures from the Retail FootFall Index, last year’s August Bank Holiday weekend saw a year-on-year increase of 16.4 per cent partly due to the timing of the Bank Holiday in 2003, however this year, shopper levels […]
Click:wps官网下载 A major men’s fashion chain has been exposed for “misleading” shoppers over price cuts. The Officers Club plastered its 180 branches with adverts promoting 70 per cent discounts. But an Office Of Fair Trading probe found the “reduced” prices were often the standard charges. Founder David Charlton had to give a High Court undertaking […]
Donatella Versace has lent her high profile status to support the Breast Health Institute in a new ad campaign. Shelley Schwartz, founder of the Breast Health Institute sad: “Grazie to Donatella Versace for her support and for her involvement. The fact that she lent her face to the campaign will make reaching our goals easier.” […]
US retail giant Gap said on Thursday that its sales slump would continue into the first half of this year, despite efforts to revive spring collections. Footfall in its stores had dropped 13 percent so far in February, and the group expects only a “modestly positive” sales turn in the second half of 2006. Group […]