
Israel's Delta Galil announced on Monday revenues for the first quarter lifted 16%, another quarterly sales record for the company, which also posted a 26% uptick in net profits for the three months ending March 3
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Israel's Delta Galil announced on Monday revenues for the first quarter lifted 16%, another quarterly sales record for the company, which also posted a 26% uptick in net profits for the three months ending March 3
Lanvin Group announced on Tuesday it has partnered with Canada's Shopify for a reboot of the luxury company's e-commerce platforms in North America.
The Chinese group, owner among others of Lanvin and Sergio Rossi, is about to list on NYSE, and is keen to become a leading player in the luxury industry, aiming to increase its revenue three-fold by 2025.
The group that owns Lanvin, Wolford and Sergio Rossi announced it has inked a deal with China’s Primavera Capital Group with a view to listing on NYSE, for an equity valuation of $1.9 billion.
Chinese fashion business Fosun Fashion Group is renaming itself to reflect its highest-profile acquisition and will now be known as Lanvin Group.
Wolford said the first half of this year “developed similarly to the last months of 2020” with the US and China continuing “solid growth”, while ongoing and new Covid measure “led to business losses in Europe”.
Israeli group Delta Galil Industries has assigned the marketing and distribution in Europe of the two underwear licenses to its subsidiary the Schiesser group.
Delta Galil is on a roll. Fresh from announcing a major underwear licence deal with Adidas, the Israel-based manufacturer will now tcreate, produce and market new women’s lingerie and swimwear collections for Wolford.
Fosun Fashion Group (FFG), the owner of Lanvin, has acquired Italian luxury shoemaker Sergio Rossi, in the latest acquisition by the rapidly growing Chinese group.
Wolford released its delayed results for its shorter fiscal year late on Wednesday and while it swung to a profit, the upscale hosiery and bodywear firm also talked of “significant business losses” due to the pandemic.