The owner of Vans, The North Face and Timberland reported on Friday that its revenue increased 23% in the first quarter of 2019 with growth driven by its active and work segments and international sales
Burberry, which has been in the crosshairs for burning tens of millions of dollars of its products, is far from the only firm to destroy unsold goods to maintain the exclusivity and luxury mystique of their brands.
The Myla lingerie brand is being relaunched this week by Agent Provocateur's ex-CEO with Net-A-Porter, Selfridges and Bergdorf Goodman on board, plus a flagship due next month and plans for a move into swimwear.
Lime Crime founder Doe Deere took to Instagram to assure her fans that she will keep an active role in the company and that it will remain true to its roots despite being bought out by Tengram Capital Partners.
Luxury handbag maker Hermes International expects first-half operating profits close to the record level reached last year, as Hermes posted solid second quarter sales that augured well for the rest of the luxury sector.
Steinhoff said on Thursday that around 90% of creditors for several subsidiaries supported an agreement to hold off debt claims for three years, an important step in restructuring the scandal-hit South African retailer.