The Italian luxury brand achieved a turnover of 1.3 billion euros for the financial year 2016/2017, quadrupling its net profit, which soared from approximately 18 million in 2015 to 80 million a year later.
A settlement with the largest US mall operator to limit the dominance of a premium outlet center near NY could lead to more factory outlets in the metropolitan area, New York state's attorney general said on Monday.
Hong Kong mall operators and retailers, plagued by a prolonged slump in sales, are now digging deep in to the local market to revive their business that has slowed due to a plunge in the number of Chinese visitors.
American shirt brand Arrow has opened its first standalone store in the Spanish autonomous community of Galicia. The store, located at The Style Outlets in Coruña, opened its doors to the public on October 8.