Amidst refocusing and redirecting to gain consumers in the lifestyle space, Garneau has acquired cycling brand Sugoi. The acquisition positions the company to win more West Coast market share in both the US and Canada.
Hot weather helped British retail sales growth surge during the first half of this month, adding to signs that consumers are shrugging off a weak start to 2018, according to the CBI. But they weren't buying fashion.
H&M is upbeat despite a tough six months, saying it's on the right path, is improving the product mix, seeing good results from new launches and scaling up tech developments that offer future profit potential.
The brand group announced on Wednesday that it has entered into an agreement to acquire the majority of the North American licensing business, which has a portfolio including Disney, Calvin Klein and Under Armour.
A JD Sports investor group has hit out at executive chairman Peter Cowgill’s pay boost, saying it is “not in line with the rest of the company”, and will ask shareholders to vote against his re-election on Thursday.