Foot Locker, Inc. has made a strategic investment in Carbon38, picking a minority stake in the women’s luxury activewear brand. The company said in a media statement that 15 million dollars Series A funding round brings the total raised by Carbon38 to 26 million dollars since 2013. “We have admired […]

French conglomerate Kering has been named the world’s most sustainable textile, apparel and luxury goods corporation, according to the Corporate Knights’ Global 100 index unveiled at the World Economic Forum in Davos today. This marks the third consecutive year that Kering has been included in the annual […]

Designer Hussein Chalayan has sold a 20 percent stake in his label to investment platform Centricus. The investment marks Centricus' first in the fashion industry, and coincides with the firm launching a fourth investment vertical – fashion, entertainment, media and sports – to sit alongside existing […]

Updating its outlook for the fourth quarter of fiscal 2017, Abercrombie & Fitch Co. said that the company now expects comparable sales to be up high-single digits, compared to the previous outlook of up low-single digits. Net sales are now expected to be up low-teens, compared to the previous outlook […]

London - Compagnie Financière Richemont SA aims to take full control of leading online retailer group Yoox Net-a-Porter (YNAP), close to three years after the Swiss luxury company merged Net-a-Porter with its Italian rival Yoox SpA. Richemont issued a public tender offer Monday morning to purchase the […]

Richemont SA has announced through a media statement that the company has notified Yoox Net-A-Porter Group S.p.A (YNAP) of its intention to launch a voluntary public tender offer to acquire all the issued and to be issued ordinary shares of the latter that it or its affiliates do not already own. Under […]

ANALYSIS “We’re still vastly over-stored,” said Rod Sides, vice chairman of Deloitte LLP. “It’s not that the industry is dying, we’re in a correction.” That’s the view of attendees this week at the National Retail Federation’s trade show. Experts agree: continued fallout is expected for the next two […]

Recent data reveal that in 2018, consumers are buying their workout gear inspired by street culture for prices up to 4x higher than average activewear products. From data analytics firm Edited explain that there has been a 105 percent increase in new activewear arrivals so far this January compared […]

Set to be a gloomy week – initiated by Blue Monday, the third week of January saw how Artificial Intelligence (AI) took the fashion industry by storm with two AI-heavy startups securing a total 60 million dollars in seed capital investment. “The retail industry is experiencing an exciting and profound […]

ANALYSIS That Amazon is taking the world by storm – a digital one – is no news. But that the e-commerce’s giant’s foray in fashion is already bearing fruits, is. Analysts expect Amazon to sell 28 billion dollars’ worth of clothing in 2018. “We knew that Amazon dominated most retail verticals. But when […]

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