New Look's CVA plan under which it will close 60 stores has received almost unanimous creditor approval, it said Wednesday. And it’s looking to the future with a new approach to pricing and faster product development.
The Canadian workout clothing brand has announced on social media the opening of its first Mexican store on Wednesday 21 March in Mexico City, almost a year after the company’s arrival in Latin America.
German sportswear brand Puma plans to rejoin the basketball market as it makes a push to grow in the United States and China and bring its profitability closer to that of larger rivals Adidas and Nike.
French fashion group SMCP , owner of brands Sandro, Maje and Claudie Pierlot, on Wednesday reported a 18.6% rise in adjusted core profit for 2017 and forecast margins would further increase in 2018 to around 17%.
Moss Bros has seen a perfect storm of problems. Its supplier consolidation has backfired in the short term causing stock shortages, while bad weather and consumer caution have hurt turnover and led to a profit warning.
Sovereign wealth fund Qatar Holding LLC is selling its entire shareholding in China and Hong Kong department store operator Lifestyle International Holdings and Lifestyle China Group for an aggregate HK$5.2 billion.