Draper James, a Southern-inspired lifestyle and fashion line founded by actress Reese Witherspoon, has raised 10 million pounds in its Series B financing round. The round was led by venture capital firm Forerunner Ventures, with participation from Stone Canyon Industries and existing investor JH Partners. […]

London - American Apparel has found its way into the media spotlight once more as news broke the troubled fashion retailer filed for bankruptcy protection on Monday. The fashion company, which filed for Chapter 11 in the US Bankruptcy Court in Delaware this morning, aims to reorganise its debt - a move […]

September 2015 same-store sales at Uniqlo Japan, a part of the Fast Retailing Group, increased by 2.6 percent year on year. While sales at its own stores increased by 3.1 percent, total sales including online sales increased by 3.4 percent. The company said that same-store sales rose year on year in […]

Nike and Adidas beware - there’s a new sportswear brand on the block keen to take a bigger slice of the global sportswear pie, namely Under Armour. The Baltimore-based Under Armour already surpassed Adidas in the US in terms of apparel and footwear sales in 2014 and is predicted to become a runaway […]

REPORT Diluted earnings per share increased 23 percent at Nike for its first quarter ended August 31, 2015 due to broad-based revenue growth, gross margin expansion, selling and administrative expense leverage, a lower effective tax rate and a lower average share count. “Fiscal 2016 is off to a great […]

ANALYSISVersace is currently debating the location of its planned stock market listing. As revealed by the Italian fashion house´s chief executive, they are hesitant between Asia and the United States. Versace, in which private equity group Blackstone bought a 20 percent stake in 2014, is working on […]

REPORT Hennes & Mauritz (H&M) for the nine months from December 1, 2014 to August 31, 2015 said that the group’s sales excluding VAT increased by 22 percent to 132,167 million Swedish krona (15,713 million dollars). In local currencies the increase was 12 percent. Commenting on the group’s positive […]

New York - Versus Versace is Versace's diffusion line that tugged along like the little engine that could for quite some time. The brand went through a series of guest designers and makeovers, but at last it finally seems to have found its way home. Gian Giacomo Ferraris, Versace's CEO, told WWD that […]

Amancio Ortega, the founder of the fast-fashion empire Inditex, could have never predicted the success of his Spanish fashion empire when he opened the first Zara store in 1975. Fast-forward 40 years later and Ortega is poised to surpassed Microsoft co-founder, billionaire Bill Gates in the Forbes Fortune […]

ANALYSISPrada SpA reported a 23 percent fall in first-half net profit on Tuesday, hurt by a slowdown in Asia Pacific, particularly in Hong Kong and Macau. Likewise, net income fell to 188.6 million euros or 0.07 euros per share in the six months ended July, 31. Explaining the whooping drop in key growth […]

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