The owner of the Danish apparel group has increased his stake in Asos to 29% according to regulatory filings Tuesday, taking its investment to just below the 30% mark that would trigger a mandatory bid for the company.
John Lewis has been growing fast in the fashion sector in recent years and it wants to accelerate that growth with its latest move being the launch of an own brand LA-inspired denim lifestyle offer next week.
The world's biggest clothing retailer, Zara-owner Inditex, reported a 10% jump in annual net profit on Wednesday as strong growth in emerging markets and increased online presence outweighed negative currency effects.
Pentland Brands has added to its portfolio of sports-linked labels with an investment in Californian casual lifestyle sneaker brand SeaVees. The dormant brand was revived in 2009 and now plans a global rollout
Bon-Ton posted a 4.7% decline in fourth quarter comparable sales due to a decline in sales trends and unseasonably warm weather. The company remains poised for growth following progress made in the year.
Neiman Marcus posted a net loss of $117.1 million in the second quarter and a loss of $140.6 million for first half of its fiscal year. The retailer is reportedly exploring a sale or debt restructuring.