Shares of Kate Spade, which had a market value of $1.86 billion as of Tuesday's close, were up 16 percent at $16.83 after being halted twice. Hedge fund Caerus Investors said last month that the company would make a great acquisition candidate as its stock was trading at a discount to its peers. Sales of handbags have weakened over the past year in the United States, as people shop lesser at department stores in favor of online shopping.
Accra fashion week fights for female empowerment
October 10, 2016 By
Reality star Kim Kardashian and singer Rihanna may have popularised the style overseas, but in conservative Ghana, African designers are hoping to use these racy looks to help young women challenge the traditional status quo. “Everyone should be able to express themselves and not be oppressed in any way,” said designer Josefa Da Silva, an effervescent 29-year-old sporting a halo of ink-blue hair. Da Silva, a native of Cape Verde based in the United States, isn't afraid to make a statement with her designs.
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Accra fashion week fights for female empowerment
Plus-Size Blogger Stages Photo Shoot Exposing How Tiny Sample Sizes Really Are
August 11, 2016 By
Liz Black is used to handling runway samples, having worked in the high-end fashion industry for years. Sample sizes usually range from a size 2 to a size 4.
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Plus-Size Blogger Stages Photo Shoot Exposing How Tiny Sample Sizes Really Are
Landing with a bump? Germany’s Rocket falls back to earth
June 29, 2016 By
By Emma Thomasson and Chijioke Ohuocha BERLIN/LAGOS (Reuters) – When German e-commerce investor Rocket Internet launched Jumia in 2012 as a would-be African Amazon, it was optimistic that a rapidly expanding middle class would quickly shift from street markets to shopping online. Four years on, falling sales for sites like Jumia and slower growth from Nigeria to Russia and Brazil is casting doubt on Rocket Internet's ambition to become the world's biggest Internet company outside the United States and China. The devaluation of Nigeria's naira last week is a new blow for Jumia, which now operates in more than 20 countries in Africa.
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Landing with a bump? Germany’s Rocket falls back to earth
Steffy Argelich is the new face of Lancaster
June 29, 2016 By
This week the French leather goods brand announced Spanish model Steffy Argelich as the face of its autumn/winter 2016-2017 collection. Lancaster Paris is the latest brand to sign up this young model, starring her in the label's autumn/winter 2016-2017 campaign. Steffy Argelich rocked her 1970s style for photographer Guy Aroch, who has worked on all of the Lancaster brand's latest campaigns.
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Steffy Argelich is the new face of Lancaster
Adidas to return mass shoe production to Germany in 2017
May 25, 2016 By
By Jörn Poltz ANSBACH, Germany (Reuters) – Adidas will launch mass production of running shoes at a German factory operated largely by robots next year and plans to open a similar plant in the United States next year, the company said on Tuesday. Founded by German cobbler Adi Dassler in 1949, Adidas had closed all but one of its 10 shoe factories in Germany by 1993 as it shifted most production from Europe to lower-wage Asia, particularly China and Vietnam.
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Adidas to return mass shoe production to Germany in 2017
Hugo Boss picks financial chief Mark Langer as new CEO
May 17, 2016 By
German fashion house Hugo Boss announced Monday that it has chosen chief financial officer Mark Langer to become the new chief executive after the resignation of the former head of the company following a profits fall. Langer, who has been with Hugo Boss for 13 years, will replace Claus-Dietrich Lahrs who stepped down in February after the group's financial forecasts for 2016 were slashed due to a slump in sales in the major markets of the United States and China. “Due to my long-standing work for Hugo Boss, I have a clear understanding of the company's potential and know what we need to do to get it back on track for profitable and sustainable growth,” Langer said in a statement.
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Hugo Boss picks financial chief Mark Langer as new CEO
Luxury market growth to reach low point in 2016: Bain
April 6, 2016 By
By Astrid Wendlandt and Pascale Denis VERSAILLES, France (Reuters) – Growth in the more than 250 billion euro ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent demand in the United States and China, after hitting a trough in 2016, consultancy Bain & Co predicted. Bain, whose industry outlook is an authoritative and traditionally closely watched barometer of trends because of its extensive coverage of the sector, forecast luxury sales growth this year of around 1 percent at constant exchange rates, against 1.5 percent in 2015. Bain is due to release in a few weeks its updated study and forecasts for the luxury goods market, which includes accessories, clothing, jewelry and watches, and has not yet published any figures to show its latest thinking on the outlook.
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Luxury market growth to reach low point in 2016: Bain
Luxury market growth to reach low point in 2016: Bain
April 6, 2016 By
By Astrid Wendlandt and Pascale Denis VERSAILLES, France (Reuters) – Growth in the more than 250 billion euro ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent demand in the United States and China, after hitting a trough in 2016, consultancy Bain & Co predicted. Bain, whose industry outlook is an authoritative and traditionally closely watched barometer of trends because of its extensive coverage of the sector, forecast luxury sales growth this year of around 1 percent at constant exchange rates, against 1.5 percent in 2015. Bain is due to release in a few weeks its updated study and forecasts for the luxury goods market, which includes accessories, clothing, jewelry and watches, and has not yet published any figures to show its latest thinking on the outlook.
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Luxury market growth to reach low point in 2016: Bain
Luxury market growth to reach low point in 2016: Bain
April 6, 2016 By
By Astrid Wendlandt and Pascale Denis VERSAILLES, France (Reuters) – Growth in the more than 250 billion euro ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent demand in the United States and China, after hitting a trough in 2016, consultancy Bain & Co predicted. Bain, whose industry outlook is an authoritative and traditionally closely watched barometer of trends because of its extensive coverage of the sector, forecast luxury sales growth this year of around 1 percent at constant exchange rates, against 1.5 percent in 2015. Bain is due to release in a few weeks its updated study and forecasts for the luxury goods market, which includes accessories, clothing, jewelry and watches, and has not yet published any figures to show its latest thinking on the outlook.
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Luxury market growth to reach low point in 2016: Bain
