 Walmart, the world's largest retailer, has posted a rise in profits in the three months to April. The US giant, which owns UK's Asda, said profits rose 1 percent to 3.78 billion dollars (2.48 billion pounds) after sales in the US fell by 1.4 percent.
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 BuyMyWardrobe, the marketplace for pre-loved luxury designer fashion, has added luxury fashion entrepreneur and founding investor in Net-A-Porter Carmen Busquets to its line-up of investors, as the company pushes forward with trying to
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 Puma has cut its revenue and earnings forecast for the full year after reporting sales worse than expected in Europe and Asia. However, Puma still expects to continue to increase net profit compared to 2012. "In view of our first-quarter results and
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 Versace’s sister label Versus has revealed that it is teaming up with sportswear brand K-Way for its next collaborative collection. Following on from Versus’ collaboration with J.W. Anderson, which is set to be unveiled in New York this week,
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 Funding for UK companies to exhibit at overseas tradeshows is set to “almost double” for the next two financial years, due to an increase in funding available to the UK Fashion & Textile Association. The trade body, which offers support to UK fashion
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 TowerBrook Capital Partners LP has acquired True Religion for circa 835 million dollars, as announced by both parties earlier this weekend. The 32-a-share offer is 8.7 percent more than True Religion’s closing price on May 9. Under the terms
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 Italian luxury knitwear brand Brunello Cucinelli SpA has more than doubled in value since its initial public offering in Milan last April, giving Cucinelli a net worth of at least 1 billion dollars, according to the Bloomberg Billionaires Index.
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 International Apparel Federation (IAF) President Harry van Dalfsen has announced that they will launch an action plan on global responsibility. While speaking at the opening session of the Fashion Retail Summit in Mumbai celebrating the 50th
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 All eyes are on Billabong these days, as the extended negotiation period agreed in April has reached its end and so will the trading halt requested by the own retailer on Wednesday. In the meantime, Teachers Insurance and Annuity Association (TIAA) has
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