Ramphastos Investments has announced that it has failed to reach an agreement with Hema’s bondholders after offering 523 million euros in an attempt to reduce the company’s debts. The owner of Ramphastos Investments Marcel Boekhoorn acquired Hema at the end of 2018 and has since invested 115 million […]

British fashion and lifestyle brand Joules has said it expects to make an underlying loss of between two to three million pounds for the year to 31 May following the closure of its stores across the UK due to Covid-19. Group revenue for the year was down 12 percent to 191 million pounds. Retail sales […]

New York-based label Sies Marjan is closing down its business. The five-year-old brand, founded by Dutch designer Sander Lak and known for its striking bright collections, was a popular fixture at New York fashion shows. The company was funded by billionaire couple Nancy and Howard Marks. But it came […]

Wolf & Badger has reported record year-on-year growth in April and May despite only operating online due to lockdowns caused by the Covid-19 pandemic. In those two months, the multi-channel retailer reported a 66 percent jump in overall sales compared to the same period in 2019, generating 2.8 million […]

Mike Ashley’s Frasers Group has taken a 5.1 percent stake in German label Hugo Boss through stocks and derivatives as it continues its plan to become more high-end. The group, which owns House of Fraser, Flannels, Jack Wills and Evans Cycles, said the decision reflects its growing relationship with […]

In the second quarter to May 31, 2020, the H&M group’s net sales decreased by 50 percent to 28,664 million Swedish krona (3,050 million dollars) compared with the corresponding period last year. In local currencies, the company said in a statement, net sales also decreased by 50 percent. Online […]

New York – The global pandemic has forced many in the industry to shift gears and look for novel approaches to regain market share. Fashion brand rights management firm FJ Benjamin, which used to have just one online brand on its portfolio –is now leaving brick-and-mortar behind to focus on online markets […]

New York – In a recent virtual round table organised by McKinsey, Boris Ewenstein, senior vice president of Supply at Zalando, explained how the “situation has been a mix of shock and opportunities” over the past couple of months. “In January/February, we were looking at supply-side risks. How do we […]

New York – Analysts covering American Eagle Outfitters (AEO) stock have a consensus ‘Hold’ rating over the apparel retailer’s shares. The range between the high target price and low target price is between 15 and 7 and has a mean target at 12.63 dollars. The previous closing price of 11.45 dollars this […]

PVH Corp. said in a statement that its business was significantly impacted by the Covid-19 pandemic during the first quarter of 2020, resulting in an unprecedented decline in revenue and earnings, including 962 million dollars of pre-tax non-cash impairment charges during the quarter. First quarter […]

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