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Business

Richemont reports slow Q4 sales growth, appoints Nicolas Bos as CEO

For the full financial year, Richemont sales increased by 3 percent at actual exchange rates and 8 percent at constant exchange rates to 20.6 billion euros, driven by the jewellery maisons, while operating profit came in at 4.8 billion euros, a 13 percent improvement at constant exchange rates. Fourth quarter sales were down by 1 percent at...

Business

Canada Goose Q4 revenues grow 22 percent

Canada Goose revenue increased 22 percent or 23 percent on a constant currency basis to 358 million Canadian dollars for the fourth quarter. Gross profit grew 22 percent to 233 million Canadian dollars and gross margin for the quarter was 65.1 percent. “Our fourth quarter results came in ahead of guidance, reflecting the power of our iconic...

Retail |In Pictures

Finisterre opens largest store to-date in London

Cornwall-based sustainable surfing and outdoor B-Corp brand Finisterre, founded by British surfer Tom Kay in 2003, has relocated and upsized its London store in Covent Garden to open its largest retail space to date, building on its continual growth in the UK. The new 2,702 square foot London flagship at 47-49 Neal Street is 80 percent bigger...

Fashion

Ghana says reports of a "tsunami of textile waste" is inaccurate

Reports of a textile waste crisis in Ghana have been debunked by the country’s Ghana Used Clothing Dealers Association, who challenge beliefs of uncontrolled pollution and waste. Ghana is the world’s largest importer of used clothing, with most clothing ending up in Kantamanto in Accra, the world's largest second-hand clothes market. The...