Naked Brand Group Inc. and Bendon Limited have completed their previously announced business combination. The company said that the merger agreement was approved by the company’s stockholders on June 11, 2018. Commenting on the development, Carole Hochman, Holdco’s newly appointed Executive Chairman […]

OVS Spa in its first quarter statement sales that sales grew by 2 percent, excluding the sell-in to Sempione Fashion Group and despite a significant market contraction that affected the European and the domestic markets (a cumulative -5.1 percent during the February-April period). During the period, […]

Italy’s Ferragamo family, which controls the Salvatore Ferragamo group is planning to sell a 3.5 percent stake in the company through an accelerated book building (ABB), reports Reuters. Through its holding Ferragamo Finanziaria, the family owns 57.76 percent of the firm, however total family members […]

Water and snow samples collected in a recent Greenpeace expedition to the Antarctic have revealed the presence of microplastics and persistent chemicals. Their findings confirm that plastic can be found even in the most remote areas of the planet. The extensive use of polyester in the fashion industry […]

Footasylum revenue increased 33 percent in FY18 to 194.8 million pounds (256.7 million dollars), reflecting growth in all product categories across the company's multiple channels, from further store roll out, increasing volumes of online traffic and the launch of the company's wholesale business. While […]

Shoe Carnival, Inc’s board of directors has approved a 7 percent increase in its quarterly cash dividend. The company sais that the quarterly cash dividend of 0.08 dollar per share will be paid on July 23, 2018, to shareholders of record as of the close of business on July 9, 2018. “Once again, we are […]

JD Sports Fashion Plc has said that it has formally completed the acquisition of The Finish Line, Inc. In March, JD Sports had entered into a conditional acquisition agreement to acquire 100 percent of the issued share capital of The Finish Line at a price of 13.50 dollars per share in cash, valuing […]

As Donald Trump proceeds with his potential trade war with China after the 50 billion dollars in tariffs he slapped on them, the U.S. apparel and manufacturing industry is breathing a sigh of relief because thankfully the actual shirts and shoes imported from China won't be subject to the tariffs. However, […]

ANALYSISIn an attempt to revert its failed financial plans, the department store chain has launched a dramatic restructuring that involves closing more than half of its 59 stores to cut costs. The plan has angered landlords and investors alike, prompting House of Fraser management to seek for support […]

ANALYSISItalian family-owned fashion house Missoni has sold a majority stake to an investment fund as part of its strategy to remain competitive in a an ever concentrated industry. Italian investment fund FSI will take a 41.2 percent stake in the firm to help expand the business and get the company […]

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