Levi Strauss Co said on Tuesday that revenues continued to rise in the second quarter, roaring forward 17%, while quadrupling net income for the three months. The U.S. brand lifted its full-year guidance.
M&S shareholders shouldn't be too concerned about its financial results in the next two years as those numbers aren't that important to the clothing and food retailer's future, its new chairman told them on Tuesday.
The St. Louis, Missouri-based footwear group announced on Tuesday that it has acquired a controlling interest in Californian casual shoe brand Blowfish Malibu, which has a trailing 12-month revenue of some $27 million.
Make-up brand Iconic London has been acquired by Blue Gem Capital’s growing beauty division. The three-year-old brand joins an overall style-focused portfolio that includes Liberty London, Jack Wills and Mamas & Papas.
Anyone hoping for a trading update from M&S this week has had their hopes dashed with news that the under-pressure chain won’t be giving out the current-trading details that we’ve become accustomed to at its AGM.