EU antitrust regulators fined U.S clothing company Guess €40 million ($45.3 million) on Monday for illegally blocking cross-border sales in Europe, part of a crackdown on illegal practices blocking e-commerce in the EU.
Superdry co-founder Julian Dunkerton has launched another attack on the brand’s current management and business model. Ahead of its interim results, due on Wednesday, Dunkerton told an analyst about his concerns.
The Dutch denim brand and the Kidiliz group (whose brands include Catimini, Absorba and Kenzo Kids) have signed a licence deal for the design, production and distribution of G-Star Raw’s first children’s line.
Guess Inc. reported on Wednesday third quarter results that missed expectations, despite a beat on revenue, as the brand said it expects to pay out a hefty fine for anti-trust charges issued by the European Commission.