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Dieter Holzer appointed new CEO of Closed following acquisition

It was announced a few days ago that the insolvent Hamburg-based fashion company Closed has found new owners. During a press conference on Monday, the parties involved revealed initial details about the brand's future. The purchase price, however, was not disclosed. Dieter Holzer will take over the management of the company as CEO and...

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DK Company takes a stake in Ivy Oak

Berlin-based womenswear brand Ivy Oak is now backed by the Danish fashion group DK Company, which also owns brands such as Wood Wood, Gestuz, Solid, and Ichi. DK Company is investing in Ivy Oak. This will result in the restructuring of Ivy Oak GmbH, the company behind the Berlin-based womenswear brand, into Ivy Oak ApS, the parties announced on...

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Moschino parent Aeffe initiates crisis proceedings

Shares in the Italian luxury goods group Aeffe remain suspended from trading due to heavy share price losses. The company's board of directors decided on October 2 to initiate a negotiated crisis settlement procedure (Composizione Negoziata della Crisi d'Impresa, CNC). Aeffe is listed on the Euronext Star Milan segment of the Euronext Milan...

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IKKS enters administration, over 1,000 jobs at risk

Fashion brand IKKS has been placed into administration. This procedure puts over 1,000 jobs at the group at risk, AFP learned on Friday from the Paris Commercial Court, confirming a report from Les Echos. The brand, which had ceased payments and was already facing difficulties a few years ago, secured a debt waiver from its creditors in 2024....

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Business|In Depth

Spanish entrepreneurship in Dubai: ICEX recommendations

Following FashionUnited’s interviews with the Spanish founders of Dubai-based fashion and lifestyle brands Montroi and Coma, we now flip the coin on Spanish entrepreneurship in the emirate to focus our attention on how to start a business in Dubai from outside its borders. For this journey, we have the invaluable guidance of ICEX, the public...

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Armani explores minority stake sale

The latest collection designed by Giorgio Armani was presented in Milan less than one week ago. The management has now reportedly contacted potential buyers for the sale of a minority stake in the fashion group. This was reported by the Reuters news agency, which cited three sources familiar with the situation. The move has initiated a de facto...

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Business|Updated

Successful investor search: insolvent fashion brand Closed has new owners

The insolvent German fashion brand Closed has been saved for now. On Thursday, the company announced the successful conclusion of its investor search, which began almost two months ago. The new owners of Closed are the Böck entrepreneurial family and experienced fashion manager Dieter Holzer. The Böck family owns the clothing company Marc O’Polo...

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Hemp denim: Fashion for Good aims to scale up sustainable alternative

Hemp has been praised in the denim industry for years, yet it has not been scaled up. Fashion for Good has announced a new project to investigate this issue. The project involves innovative start-ups and commercial partners such as Bestseller, C&A, Reformation, PDS Limited and Target. Two denim producers, Bossa from Turkey and Nice Denim from...

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Shoe brand Minelli placed into receivership

Shoe brand Minelli was placed into receivership in September. The company had been acquired in early 2024 following a similar procedure, according to a decision seen by AFP on Thursday. Founded in 1973, the brand, which primarily sells leather goods and shoes for women, was placed into receivership in September 2023 by the court in Marseille. It...

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Why Vestiaire Collective is now selling carbon credits

For years, reducing environmental impact has been a key marketing tool for second-hand fashion companies. By announcing the sale of carbon credits, the platform Vestiaire Collective is now taking a significant new step. An original approach “It is much more than a financial innovation: it is proof that circularity generates a concrete and...

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Brunello Cucinelli: double-digit revenue growth continues in third quarter

Italian fashion house Brunello Cucinelli SpA continued its growth trajectory in the third quarter of the current 2025 financial year. According to a trading update released on Wednesday evening, revenue for the period from July to September amounted to 335.5 million euros. This represents an increase of 12 percent compared to the same quarter...

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Save Your Wardrobe acquires French aftersales platform Les Raccommodeurs

British digital wardrobe app Save Your Wardrobe (SYW) has acquired the business-to-business (B2B) repair and care platform Les Raccommodeurs. SYW aims to leverage the French company's previous retail collaborations with major brands such as IKKS and dozens of French boutiques to establish its repair and care services. This will allow SYW to...