After months of back and forth, legal complications, stalemates, a global pandemic, Tiffany & Co.’s shareholders approved a 15.8 billion dollar deal with luxury conglomerate LVMH. At a virtual stakeholder meeting, 99 percent of votes were cast in favor of the deal where LVMH would acquire Tiffany […]

British online retailer The Hut Group (THG) is to acquire US skincare retailer Dermstore for 350 million US dollars from Target Corporation. THG has been one of the few retail success stories in 2020. The company increased revenue by 38.6 percent to 378.1 million pounds for the three months ended 30 […]

In December too, the fashion industry sought to advance its efforts towards more sustainability, recycling and a generally more circular economy. Particularly encouraging: collaborations between brands and tech hubs such as H&M with HKRITA, Bestseller and Cyclo, or Fashion for Good and Biofabricate […]

From football jerseys made with recycled polyester to the vegan version of the iconic Stan Smith – in 2021, for the first time, more than 60 percent of all Adidas products will be made with sustainable materials like recycled polyester or sustainably grown cotton. Consumers can spot them easily by their […]

Mytheresa is going public. Its parent company, MYT Netherlands Parent B.V, has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering. The number of shares to be offered and the price range for the IPO has not […]

VF Corporation announced that it has completed its purchase of Supreme for a base purchase price of 2.1 billion dollars, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses. Supreme has become a wholly-owned subsidiary of VF Corporation. The company expects […]

After five turbulent years, the UK and Europe finalised a trade agreement just days ahead of 2021 that would see the start of Brexit with a new accord. The agreement will see tariff and quota-free traded goods after December 31, with the exception of the services industry. Services comprise of 80 percent […]

Accelerating the transition to an ever more digital existence, the coronavirus pandemic has tightened tech giants' grip on billions of customers' lives. Governments and users are belatedly coming to terms with the power held by the likes of Apple and Amazon, particularly in focus this year thanks to […]

A look-back at the year 2020 reveals how fashion brands and retailers suffered due to dwindling sales, low footfall, high debts, high rentals, inefficient operations, out-dated merchandise assortment and high inventories, among other issues. The coronavirus pandemic added to the woes of these already […]

Beijing - China has launched an anti-monopoly investigation into Alibaba, regulators said Thursday, sending the share price of the e-commerce giant tumbling and intensifying the troubles of its billionaire founder Jack Ma. Regulators will also hold “supervisory and guidance” talks with Alibaba’s gigantic […]

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