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Hermès are set to sue LVMH for stealthy stake acquisition Wednesday, 19th June 2013
Hermès International SCA have confirmed that they will sue rival luxury group Louis Vuitton Moët Hennessy (LVMH) in a bid to annul the equity shares LVMH have acquired. According to French daily Les Echos, Hermès are arguing that LVMH intentionally bought equity swaps in a bid to acquire shares in the handbag specialists.
JD Sports prepares for “substantial” loss for Blacks and Millets Wednesday, 19th June 2013
JD Sports Fashion on Wednesday revealed its outdoor categories are set for another “substantial” loss, as a return to profitability remains a “work in progress”. The sporting goods retailer today warned its outdoor division, which made a loss of £14.9 million in its last financial year to February, had to sacrifice margins in order to achieve a positive like-for-like sales figure.
Big retailers open men's only stores as menswear market sees growth Tuesday, 18th June 2013
According to Mintel, sales in luxury menswear market is expected to hit USD 18,036 billion in 2016, an increase from last year’s USD 15, 971 billion.
Tesco plans to launch customer collection pod in 12 car parking spaces Tuesday, 18th June 2013
Tesco reported that it expects to implement a ‘customer collection pod’ at its store in Haslingden.
Tommy Hilfiger opens Kuwait City store Monday, 17th June 2013
The PVH Corp. owned Tommy Hilfiger Group have announced the opening of a Tommy Hilfiger store in Kuwait City. The store, which is operated by Apparel Group, the exclusive partner of Tommy Hilfiger in the Gulf Cooperation, is located in the Kuwait Avenues Mall on 5th Ring Road.
Louis Vuitton increases prices for the second time Monday, 17th June 2013
Louis Vuitton’s Japan Co. unit has reported to increase its prices by 8 per cent for its leather goods like bags and wallets.
SuperGroup confirms Hans Schmitt aquistion Monday, 17th June 2013
SuperGroup has confirmed the appointment of Hans Schmitt as new managing director of international and wholesale. The news comes after My-Retail Media cited Just-Style as breaking the news on June 11. However, officially confirmation from SuperGroup has reaffirmed the news, and a company spokesman added that the hiring of Schmitt is a very important step for the company, as SuperDry has retail roll-out plans for Europe.
Kuoni's agreement with John Lewis extended with 4 new concessions on their way Sunday, 16th June 2013
Kuoni Travel, tourism company reported that it will launch 4 more, brand new concessions at John Lewis shops, totalling to 8 sites, following the success of its previous 4 concession that opened in 2012 at Oxford Street Southampton, Reading and Cardiff.