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EssilorLuxottica set to get EU warning about Dutch deal: sources

EssilorLuxottica set to get EU warning about Dutch deal: sources

EU regulators are set to warn EssilorLuxottica that its 7.2 billion euro bid for opticians group GrandVision may harm competition, people familiar with the matter said, pressuring the group to offer concessions.
Fashion
Canadian retailer Comark Holdings to restructure as virus crisis weighs

Canadian retailer Comark Holdings to restructure as virus crisis weighs

Comark Holdings Inc said on Wednesday it would restructure under the Companies’ Creditors Arrangement Act (CCAA) as the fallout from the COVID-19 pandemic hit the Canadian apparel retailer’s business.
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Adidas says China sales back to growth faster than expected

Adidas says China sales back to growth faster than expected

Adidas said on Thursday that sales had returned to growth in greater China faster than it had expected after the coronavirus lockdown, while the reopening of business in Europe and the Americas was going more gradually.
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Amazon in talks to buy $2 billion stake in Indian telco Bharti Airtel - sources

Amazon in talks to buy $2 billion stake in Indian telco Bharti Airtel - sources

Amazon.com is in early-stage talks to buy a stake worth at least $2 bn in Indian mobile operator Bharti Airtel , three sources said, underscoring the growing attraction of India's digital economy for U.S. tech giants.
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Ebay raises current-quarter sales, profit forecast on higher demand

Ebay raises current-quarter sales, profit forecast on higher demand

Ebay Inc raised current-quarter revenue and profit forecast on Thursday, as people stuck at home due to the COVID-19 pandemic ordered more from the e-commerce platform, sending its shares up 10%.
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Fashion wholesalers call on UK to extend business rates relief

Fashion wholesalers call on UK to extend business rates relief

Daniel Morris, co-founder of fashion Agency Morris Fyfe, has launched an online petition calling on the government to extend its Covid-19 support for retail businesses to include wholesale agents and distributors.
Fashion
Lingerie sales surge by 300% as UK lockdown eases

Lingerie sales surge by 300% as UK lockdown eases

New data has revealed that the relaxation of lockdown rules has prompted a sharp increase in lingerie sales in Britain.
Fashion
Debenhams reopenings start next week, plans 'big bang' approach on June 15

Debenhams reopenings start next week, plans 'big bang' approach on June 15

Having struck rent deals for most of its stores, Debenhams is planning for its reopening programme to begin next week as three Northern Ireland shops open on Tuesday. 
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LVMH insists it's not buying Tiffany shares on market; suggesting deal to go ahead, but at lower price

LVMH insists it's not buying Tiffany shares on market; suggesting deal to go ahead, but at lower price

With rumors mounting that Bernard Arnault may be attempting to renegotiate a lower deal price for LVMH’s acquisition of Tiffany, the luxury group said Thursday it will not buy any shares in the jeweler on the market.
Fashion
New Look in landlord talks about turnover-linked rents

New Look in landlord talks about turnover-linked rents

Less than two years on from its CVA, New Look is in talks with its landlords again and has appointed property agents to help it negotiate rent deals based on turnover as it prepares to reopen its store estate this month.
Fashion
Fossil's Q1 hit by pandemic, losses widen but cost savings grow too

Fossil's Q1 hit by pandemic, losses widen but cost savings grow too

Watchmaking giant Fossil had a tough time in Q1 as the effects of the global pandemic hurt its operations all over the world. But things could have been worse and its Q1 global net sales fell ’only’ 16% to $390.7m.
Fashion
French farmers may halve flax fibre area as demand for linen shrinks

French farmers may halve flax fibre area as demand for linen shrinks

French farmers may reduce by half next year the area they devote to flax fibre, reversing a decade of growth as the industry adjusts to a drop in demand for linen due to the novel coronavirus epidemic.
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Online demand fuels American Eagle's recovery after coronavirus slump

Online demand fuels American Eagle's recovery after coronavirus slump

American Eagle Outfitters Inc on Wednesday signaled a strong sales rebound in the current quarter, driven by a surge in online demand for the apparel retailer’s lingerie and athleisure brand, Aerie.
Fashion
A world redrawn: The rich must 'share' says Agnes b

A world redrawn: The rich must 'share' says Agnes b

Agnes b. called in an interview for the rich to "share" and insisted we must not forget the urgency of looking out for the environment.
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German retailers, landlords agree guidelines to cut rent

German retailers, landlords agree guidelines to cut rent

German retail associations announced guidelines on Wednesday to encourage a 50% cut in rent payments during the time stores were forced to close due to the coronavirus and a lesser reduction for the next three months.
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