Sports Direct International is to rebrand as Frasers Group in December as part of the company’s elevation strategy. The UK sportswear giant is expected to formally rebrand after its shareholder meeting 16 December. Following its acquisition of House of Fraser, Sports Direct is upgrading its profile […]

As predicted by the media sources earlier, luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE (LVMH) is acquiring luxury jeweller Tiffany for 135 cents per share in cash, in a transaction with an equity value of approximately 14.7 billion euros or 16.2 billion dollars. Commenting on the development, […]

Marks & Spencer (M&S) has announced the appointment of Richard Price, currently CEO of F&F Clothing, Tesco PLC, as Managing Director, Clothing & Home. Commenting on Price’s appointment, Steve Rowe, M&S CEO said in a statement: “Richard’s career spans some of the UK’s top clothing […]

Destination XL Group, Inc. has said in a statement that total sales for the third quarter of 106.6 million dollars, were down 0.5 million dollars or 0.5 percent, while comparable sales increased 0.2 percent for the quarter. Net loss for the third quarter was 7.2 million dollars or 14 cents per share […]

New York - This is the first year where ‘pure players’ (online-only retailers) are more popular than the websites of ‘brick-and-click players’ (traditional retailers that combine physical stores with a webshop), according to a newly released research. This year, 33 percent of the respondents say they […]

New York – LVMH is reportedly closer than ever to owning Tiffany & Co. after increasing its takeover offer to 16.7 billion dollars. The world’s largest luxury goods group would have reached a deal to buy Tiffany & Co. at 135 dollars a share, or 16.7 billion dollars, according to sources familiar with […]

Louis Vuitton is slashing internal staff discounts after French tax authorities said that the heavily discounted prices on the merchandise could be considered a taxable benefit. The brand said they will be putting a stop to staff discounts as high as 90 percent for unsold products, with reductions now […]

The RealReal has found itself in hot water this year over counterfeit items being sold through their website and store. The company's CEO Julie Wainwright has tried to say that there are no fakes on the website, but an ongoing investigation has found that is not true. CNBC recently obtained documents […]

Lucky Brand denim has announced a successful refinancing transaction that upsized its existing first lien term loan via existing lenders Wells Fargo Capital Finance and Gordon Brothers Finance Company. The transaction also refinanced Lucky Brand's former second lien credit facility via a new second […]

Abercrombie & Fitch Co. has announced plans for expansions Europe, the Middle East and Africa. The company is opening new stores for its brands in major cities in these key markets as part of an expansion strategy that has already started. In the UK, the company is introducing new stores to the Westfield […]

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