2012-12-18 Newsletter N°930
H&M annual sales growth lags rival Inditex
Revenue at world number two fashion retailer Hennes & Mauritz rose 10 percent this year, lagging forecast growth at larger rival Inditex which is less exposed to the downturn in Europe.
Australia's Billabong says fresh takeover bid possible
Australian surfwear company Billabong International put its shares in a trading halt on Monday ahead of a possible takeover bid for the company.
European consumers hit 300 billion euros mark for online spending
Ecommerce Europe expects European online spending to pass 300 billion euros this year, thanks to development in Southern and Eastern Europe.
Giles - Spring Summer 2013
Womenswear - London - See catwalk

4% sales increase for Wolford in first half
Following a difficult period, Wolford has ended its first half of the year with reports of a 4% increase in sales and a decrease of company deficit.

Italian luxury sunglass maker eyes opening up to outside investors
Italia Independent, a maker of colourful fashion sunglasses co-founded by former Fiat brand manager Lapo Elkann, is considering opening up to outside investors in 2013 as it targets foreign markets, its chief executive said.

Forever 21 opens more European stores
Forever 21 is continuing on its European quest, opening a second 27,000 square foot store in France and a sixth store at Lakeside in the United Kingdom.
Gap in talks with Intermix
American multi-brand retailer Intermix is looking for investors to drive development and is in discussions with the Gap group, it has been confirmed.

Quiksilver sees sales suffer in Europe
The Quiksilver group has published its 2012 financial report, reporting revenue of 1.5 billion euros, up 3% on last year. Though the group is pleased with the results, Quiksilver's European performance is something to worry about.

Rialto in jeans, as Venice finds cash for repair
The merchants of Venice always had an eye for a ducat to be made in the Rialto, but covering its boutique-lined marble bridge with ads for blue jeans might seem a commercial step too far, even for city built on trade.
Auction of Greta Garbo's dresses, caps fetches $1.6 million
A two-day sale of clothing, jewelry and other memorabilia belonging to reclusive movie star Greta Garbo fetched $1.6 million, more than three times the original estimate, according to Julien's Auctions.

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