News

  • US’ PVH Corp eyes resilience in FY25 with brand-building strategy
    PVH Corp has reported a 6 per cent revenue decline to $8.653 billion in FY24, impacted by the sale of its women’s intimate’s business and the 53rd week in 2023. Tommy Hilfiger and Calvin Klein revenues dipped, while Heritage Brands plunged 57 per cent. FY24 non-GAAP EPS rose to $11.74. For FY25, revenue is expected to be flat or slightly higher, with EPS projected between $12.40 and $12.75.
  • US fashion brand Gap debuts GapStudio with Zac Posen’s collection 01
    Gap launches GapStudio with Collection 01, designed by Zac Posen and shot by Mario Sorrenti with styling by Alastair McKimm. Created at Gap’s New York HQ, the line blends expert tailoring and innovative denim in a modern take on American style. GapStudio reflects creativity, craftsmanship and culture, marking a bold new chapter for the brand.
  • Fashion brand Mango opens first glasgow store to offer menswear range
    Mango continues its UK expansion with a new 680 m² store on Glasgow's Buchanan Street, one of the city's busiest streets. It's the first in Glasgow to offer the Man line alongside Woman. The store features Mango’s New Med concept, inspired by Mediterranean homes, with warm tones, neutral colours, and sustainable, handcrafted, and natural materials for a fresh, inviting space.
  • American brand Guess appoints Alberto Toni as chief financial officer
    Guess, Inc has named Alberto Toni as CFO, effective after its next quarterly report, expected by mid-June. Toni, currently CFO at Flos B&B Italia Group, will succeed Interim CFO Dennis Secor, who remains EVP until September 12, 2025 to support the transition. Based in Lugano, Switzerland, Toni brings over 30 years of global financial and operational experience.
  • UK's M&S welcomes Calvin Klein & Tommy Hilfiger to online platform
    M&S adds Calvin Klein and Tommy Hilfiger to its ‘Brands at M&S’ platform, expanding men’s and women’s underwear, loungewear, and swimwear. The move supports its market-leading underwear offer and aims to boost appeal, especially among men. Third-party underwear sales grew 21 per cent in the past year, with nearly two million customers also buying M&S core ranges.
  • US’ Guess projects modest growth for FY26 amid low FY25 profits
    Guess, Inc anticipates a YoY net revenue rise of 5.8–7.5 per cent in Q1 FY26 and 3.9–6.2 per cent for FY26, with operating margins and EPS expected to improve. In FY25, net revenue grew 8 per cent to $3 billion, but GAAP EPS dropped 75 per cent to $0.77. Regional performance varied, with strong growth in the Americas wholesale segment and declines in Asia.
  • Under Armour & Unless launch regenerative kit at Milan Design Week
    Under Armour and UNLESS debut a regenerative sportswear collection at Milan Design Week (April 8–10, 2025). Made entirely from plant-based materials, the range is designed to decompose, not pollute. Featuring hoodies, T-shirts, and shorts, the collection blends bold style with a plastic-free future and a commitment to both athletes and the planet.
  • Italian fashion house Prada acquires Versace from Capri Holdings
    Prada has announced a definitive agreement to acquire 100 per cent of Versace from Capri Holdings for €1.25 billion (~$1. 39 billion), subject to adjustments. Versace will retain its creative identity within the Prada Group, benefitting from its industrial and operational strengths. Prada sees strong growth potential in Versace and aims to build on its legacy with a long-term strategic vision.
  • Germany's Mytheresa gets approval for YNAP acquisition from Richemont
    Mytheresa has received final regulatory approval from the European Commission to acquire YNAP from Richemont, with the deal set to close on April 23, 2025. The merged group, LuxExperience B.V., will include Mytheresa, Net-A-Porter, Mr Porter, Yoox and The Outnet. Mytheresa aims to build a €4 billion (~$4.56 billion) GMV luxury platform, with profitability expected after a 24–36 month restructuring.
  • France’s LVMH Q1 2025 revenue drops 3% to $21.75 bn, misses forecasts
    LVMH has reported a revenue of €20.3 billion (~$21.75 billion) in Q1 2025, a 3 per cent organic decline. Asia (excluding Japan) saw the sharpest drop, while Europe posted modest growth. Fashion and Leather Goods sales fell 5 per cent due to creative shifts and weaker demand, though brands like Louis Vuitton, Dior, and Loewe drove innovation with new collections, exhibitions, and leadership changes.