In the first half of 2018, Belgian-Dutch fashion company FNG Group recorded a revenue of €251.1 million. The group said that the focus on digitalization and rollout of new concepts contributed to its strong results.
Italy's Safilo Group has announced their third consecutive licensing agreement with Banana Republic for the brand’s eyewear collections, beginning on February 1 of 2019 and continuing through January 31 of 2025.
A major credit insurer has cut the cover it will give for Arcadia suppliers with Euler Hermes reportedly writing to clients in the past fortnight as the fashion sector sees a wave of credit insurance cuts.
Investment and changing business conditions dented River Island profits last year, a report said on Monday. While the results aren’t due until later this month, The Telegraph said operating profit fell by over £55m.
Dutch hand-knitted accessories label and social enterprise Granny’s Finest, which went bankrupt in June of this year, has announced its plans to relaunch. Its online store will reopen on 1 October 2018.
French Connection said it's making progress and will be profitable again by year-end. But in H1, sales fell and it remained loss-making, despite wholesale in the UK, Europe and US firing on all cylinders.