Italy is home to scores of specialist manufacturers, from the smallest haute couture and specialty ateliers, to high-end technology leading factories producing men’s and womenswear, shoes and accessories, exported the world over. Italy’s fashion and accessories sector is a 93 billion dollar industry, […]

Ann Summers CEO Jacqueline Gold has revealed the company is considering launching a company voluntary arrangement (CVA) as it struggles to cope with difficult trading amid the Covid-19 pandemic. Gold said that the company has tried to work with landlords to change its rent to a turnover-based model. […]

Retail Dive has reported that Walmart has made deals to sell off two of its digital brands, Shoes.com and Bare Necessities. Walmart originally acquired Shoes.com for 9 million dollars in 2017 and has now sold it off to private equity firm CriticalPoint Capital. Bare Necessities is being sold to Israeli […]

RTW Retailwinds, Inc. has announced that after a bankruptcy auction on Friday August 28, 2020 it has entered into a new asset purchase agreement with Saadia Group, LLC, for the sale of its e-commerce business and all related intellectual property, including its websites, Nyandcompany.com, Fashiontofigure.com […]

Privately-held multi-brand e-tailer BLST Operating Company has announced it has completed the acquisition of substantially all of the assets of multi-brand e-tailer Bluestem Brands. The company will now operate its portfolio under the Bluestem Brands name and will operate brands Appleseed’s, Blair, […]

Billionaire Mukesh Ambani's Reliance Industries Limited announced that its unit Reliance Retail Ventures Limited or RRVL has acquired Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group for lump sum aggregate consideration of 24,713 crore Indian rupees. Reliance […]

British formalwear brand Moss Bros is reportedly mulling a company voluntary arrangement (CVA). The brand has called in advisory firm KPMG to work on a potential CVA which could lead to store closures and rent cuts, The Times reports. It comes after talks between the brand and its landlords failed to […]

New York – Fashionphile announced earlier this week that it has raised 38.5 million dollars in Series B funding led by NewSpring Growth, the dedicated growth and expansion strategy of private equity firm NewSpring. "Over the past 20 years we've developed the largest luxury inventory in the industry, […]

New York – David Wertheimer, fifth generation of owners of Chanel, leads an investment fund that will expand sustainable practices for the production of clothes, shoes, and accessories. He is eyeing at least two businesses in Brazil, according to local media. Wertheimer’s fund has signed a partnership […]

Walmart Inc. has issued a statement confirming discussions with Microsoft involving ByteDance Ltd.’s TikTok service in the United States. The retail giant said: “We believe a potential relationship with TikTok U.S. in partnership with Microsoft could add this key functionality and provide Walmart with […]

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