Up-for-sale luxury footwear brand Jimmy Choo was cheerful Thursday saying it “continues to make excellent progress, trading strongly” this year. But while management trumpeted its prospects, there was no news on a sale.
E-com game-changer Stitch Fix has reportedly hired investment banks for an IPO that could value the US personalized fashion retailer between $3 billion and $4 billion. It would the biggest US e-commerce IPO since Etsy.
J.Jill reported a 12.5% increase of net sales to $166.1 million and diluted earnings per share of $0.18. The women's retailer expects second quarter GAAP diluted earnings per share to be in range of $0.26 to $0.28.
Vera Bradley posted revenues of $96.1 million and a net loss of $4.0 million, which both decreased from the prior year and met and exceeded expectations, respectively. The company also plans to close 15 stores.
Michael Kors Holdings gave a bleak full-year forecast and said it would shut more than 100 full-price retail stores in the next two years as the luxury fashion retailer struggles to turn around its brand.
Mexican restaurant operator Alsea said on Tuesday it had reached an agreement with U.S. investment firm General Atlantic to sell its minority stake in Grupo Axo, a company that operates fashion brands.
Spanish fragrance maker Iberchem has attracted first-round offers from several private equity groups in a deal potentially valuing the company at about 400 million euros ($448 million), people close to the matter said.
The UK plus-size market has been growing fast and this year, 20% of all womenswear spending will be on plus-size garments. That’s £1 out of every £5, according to research and consulting firm GlobalData.
Investors in struggling French Connection are voicing fresh criticism of its boss Stephen Marks. Their complaints come after the board confirmed him in his dual CEO/chairman’s role on a show of hands at last week’s AGM.
Retail veteran Harold Tillman may have been frustrated in his attempt to win back the Jaeger brand he once owned, but reports suggest that he could lead a group of investors working on a rescue deal for Style Group.
The eyewear specialist has announced a renewal of its licence agreement with the Italian jeans label effective until 2023, involving the design, production and distribution of its Diesel eyewear collections.