In March of this year, US-based NGO Remake together with partnering organisation and labour activist and founder of the AWAJ Foundation, Nazma Akter, launched the #PayUp initiative that urges international brands and retailers to honour their commitments and pay suppliers for in-production orders at […]

Ascena Retail Group, inc. has announced that FullBeauty Brands Operations, LLC will acquire Catherines’ intellectual property assets for a base purchase price of 40.8 million dollars and potential upward adjustment for certain inventory. The company also said that The United States Bankruptcy Court […]

German fashion retailer Mytheresa has bucked the trend of Covid-19-related difficult retail and reported a 19 percent increase in full-year revenue. The company saw its consolidated net revenue from its online platform and physical stores in Munich reach 450 million euros in 2020, up from 377 million […]

Retail tycoon Philip Day is reportedly launching a valuation process for discount retail chain Peacocks. The Sunday Times reported that Day appointed advisory firm FRP to find potential buyers for Peacocks and Edinburgh Woollen Mill, though sources close to the matter have stressed the process is merely […]

LVMH confirmed Friday that it has submitted the proposed acquisition of Tiffany for antitrust review, immediately after receiving approval to proceed by the European Commission. LVMH noted that eight of the ten requisite antitrust clearances have already been obtained. LVMH expects to receive approval […]

Group revenue at Superdry fell by 19.2 percent year-on-year to 704.4 million pounds (904.3 million dollars), which the company said, was driven by a decline in both divisions, with retail declining 18.2 percent and wholesale declining by 20.7 percent. The group’s statutory loss after tax for the year […]

The TJX Companies, Inc. has announced that on September 16, 2020, its board of directors elected José B. Alvarez to the board, effective immediately. The company said in a statement that Alvarez previously served on TJX’s board from 2007 through 2018. Commenting on Alvarez’s appoint to the board, Carol […]

Rocket Internet SE has announced a consolidated loss of 12 million euros (14.2 million dollars) for the first six months in 2020. The company said in a statement that it generated 45 million euros (53.3 million dollars) of consolidated revenue and earnings per share of negative 0.07 euro in H1 2020. […]

Tiffany is fighting back against LVMH, after the conglomerate pulled out of its acquisition deal earlier this month. The luxury jewelry brand filed a lawsuit against LVMH, to which the latter threatened to countersue. Now Tiffany is pushing back, once again. LVMH filed an opposition in Delaware Chancery […]

‘Technology’ in fashion is a wide-reaching term, one that covers anything from product data and traceability, to logistics, inventory management and garment labels. As an umbrella term, technology covers all of these topics and is an increasingly pivotal enabler of circular business models. But when […]

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