Kering is shedding its watches division, with plans to sell high-end labels Girard-Perregaux and Ulysse Nardin to current management, a move that will allow it to focus on activities in which it has scale.
Just a few days after Pentland’s Ellesse brand announced a return to winter sports, the Boss brand is diving deeper into the category too as the official partner of the Hahnenkamm Races, which kicked off its plans.
With outlet centres continuing to be one of the most buoyant retail destination types, it’s interesting that Sweden’s TORG International has forged an alliance with leading UK outlet developer Rioja Estates.
German sportswear maker Puma reported stronger-than-expected preliminary quarterly sales and core profit on Thursday, as strong global demand helped offset the effects of the pandemic and supply chain constraints.
Yoox has announced the launch of its Yoox Marketplace in Europe, giving its customers "instant access to a wider product assortment including over 700 brands and 150,000 new items" across multiple categories.
Superdry’s Christmas trading update and results for the first half showed “clear signs of brand and financial recovery” on Thursday, although the company isn’t yet where it would like to be, with sales still lagging.
A trading update from Primark's parent company on Thursday showed the fashion retail chain is bouncing back from the pandemic, with the US business a standout performer. But city centre stores globally still struggle.