Nike has kicked off the sales process of its leather handbag maker Cole Haan and soccer gear unit Umbro with a number of parties signing confidentiality agreements, according to sources with knowledge of the auctions.

British luxury fashion company Mulberry Group Plc's full-year profit surged 54 percent as its international sales continued to race ahead.

Sales at German fashion house Gerry Weber rose 12.8 percent in the last three months, while net profits jumped by almost 30 percent, it said on Thursday.

Asia private equity fund Unitas Capital said on Wednesday it will invest $162.4 million on a significant minority stake in South Korea's NEPA Company Ltd, placing a bet on booming growth in the world's second-largest outdoor apparel and equipment market.

Britain's JD Sports Fashion Plc reported a 1.5 percent rise in comparable sales for 19 weeks, but said operating losses from its Blacks Leisure acquisition will continue to hit its results for the first half.

Michael Kors Holdings Ltd reported on Tuesday that fourth-quarter profit more than doubled to $43.6 million and forecast higher sales and net income in the current fiscal year, citing growing demand of its luxury goods.

Private equity-backed Chinese sportswear brand Li Ning Co Ltd warned of a "substantial decline" in profit for 2012 due to weaker sales and higher marketing costs, knocking its shares to a six and a half year low.

When Germany faced Portugal at the Euro 2012 soccer championship on Saturday, another battle was being played out between sponsors Nike Inc and Adidas AG for the top spot in selling gear for the world's most popular sport.

Sportswear retailer Quiksilver Inc reported a quarterly loss, though analysts expected a profit, as the company continued to be pressured by higher costs and a tough economic environment hurt sales in Europe.

The British capital is looking out for its menswear designers and brands with the launch of London Collections: Men, and is hoping to measure up to Florence, Milan and Paris. The British Fashion Council will open the season for the first time, from 15th to 17th June.

Yogawear retailer Lululemon Athletica Inc reported higher first-quarter profit on Thursday, but inventories rose, and the company said growth in same-store sales would slow, sending its shares down in premarket trading.

Luxury jeweler and watchmaker Harry Winston Diamond Corp's quarterly profit more than tripled as it sold more rough diamonds, and the company said it expects global demand for luxury jewelry and watches to rise.

Beauty products retailer Ulta Beauty posted first-quarter results that beat Wall Street estimates, boosted by strong sales and higher margins, and forecast a current quarter profit above analysts' estimates.

Global sales of luxury goods should rise 7 percent a year through 2014, buoyed by a still-growing Chinese market and barring any major economic crises, Boston Consulting Group forecast on Tuesday.

Elizabeth Arden Inc said on Thursday it has bought the licenses for the Ed Hardy, True Religion and BCBGMAXAZRIA fragrance brands from New Wave Fragrances.