JD Sports has received a blow with the UK’s Competition and Markets Authority (CMA) again provisionally blocking its acquisition of the Footasylum chain after a review of its decision to block the deal.
The big and tall menswear retailer announced on Tuesday that its sales increased 81.3% year over year to $138.6 million in the second quarter, progress that led the company to increase its full-year financial outlook.
Sustainable footwear specialist Allbirds has filed for its long-expected initial public offering (IPO) in the US as it rides the wave of increasing consumer demand for eco products, despite being loss-making.
Dior has once again snatched first place in Launchmetrics’ quarterly list of the top power players in luxury fashion, while Gucci has made solid progress in China as the country leads the sector’s post-pandemic recovery.
Givaudan, the world’s top perfume and fragrance producer, has announced it will enlarge its production plant in Pedro Escobedo, in the state of Querétaro, Mexico, as it seeks to boost its Latin America growth.
The Italian luxury label’s H1 net revenue amounted to €313.8 million, up 7.7% at current exchange rates over June 2019. Revenue is set to grow by around 20% in the current year, and will rise by 10% in 2022.