Sales were 479 million pounds in the 13 weeks to June 30.
Ceo Chip Bergh told WWD he’s more worried about the impact trade wars could have on the economy than on production.
The department store previewed its investor day with projections through 2020.
Cavens is president, New Ventures for the Qurate Retail Group.
The transaction offers Secoo a chance to collaborate with existing L Catterton porfolio companies and boost its recognition internationally.
The private equity firm’s minority investment valued the outdoor retailer at 310 million pounds.
A survey of investors found annual growth of 5 to 10 percent for the next three years in fashion and luxury and room for more deals.
Multiple sources say Acne’s business has softened in the last six months, which has sent some private equity players running for the hills.
Rack, full-line sales and costs were all on analyst Oliver Chen’s mind as he cut his recommendation on the department store stock.