- Huw Hughes |
Clarks is set to cut around 900 jobs as part of its ‘Made To Last’ transformation strategy. The 195-year-old British footwear retailer said it has already announced 160 redundancies this week, including 108 at its headquarters in Street, Somerset. While 900 jobs are expected to go overall, it will be […]
- Prachi Singh |
At the shareholders’ meeting of Brunello Cucinelli S.p.A, the board appointed Luca Lisandroni and Riccardo Stefanelli as new CEOs, imbuing Lisandroni with powers regarding the area of markets and putting Stefanelli in charge of the area of product and operations. Brunello Cucinelli, in his role as the […]
- Prachi Singh |
In a preliminary results statement for the year to March 28, 2020, Burberry Group plc reported revenues of 2,633 million pounds (3,214.7 million dollars), down 3 percent, while fourth quarter comparable store sales declined by 27 percent with around 60 percent retail stores closed at end of March. “Prior […]
- Prachi Singh |
L Brands, Inc. reported net sales of 1.654 billion dollars for the first quarter ended May 2, 2020 compared to 2.629 billion dollars for the quarter ended May 4, 2019. The company said in a statement that loss per share was 1.07 dollars compared to earnings per share of 14 cents for the same quarter […]
- Kristopher Fraser |
While the rest of the world is on pause, Gareth Pugh is plotting a comeback. The namesake founder is assuming complete control of his trademark and has bought back 49 percent of his trademark from Rick Owens. Back in 2006 Pugh sold his trademark to Rick Owens and his Italian production partner Olmar […]
- Natalia Popova |
Last week, several statements concerning changes in the global fashion system appeared on the Internet and in the media. The Business of Fashion published the petition #rewiringfashion online, under which, at the time of publication, there were almost 1500 signatures from around the world. Alexander […]
- Huw Hughes |
British luggage brand Antler has fallen into administration, resulting in 64 redundancies. The company, which operates 18 retail stores and one concession outlet, has appointed Will Wright and Steve Absolom from KPMG as joint administrators. KPMG said the brand will continue to trade via its online […]
- Huw Hughes |
French Connection has announced in a trading update that it is seeking funding as it recovers from the impact of Covid-19 and prepares to reopen stores. The British fashion retailer said that it has been in talks with various potential funding partners in light of its current cash position and the continued […]
- Robyn Turk |
Licensing and operations for the BCBG brands are returning to Marquee Brands, which owns both BCBG Max Azria and BCBGeneration. Previously, licensing for both brands was controlled by Centric Brands, which has filed for bankruptcy this week. Marquee Brands will continue operations of wholesale and e-commerce […]
- Kristopher Fraser |
Denim company G-Star Raw has put the Australian extension of their company into administration putting 57 stores and 200 jobs at risk. G-Star Raw, which is based in The Netherlands, has named Ernst & Young's Justin Walsh, Stewart McCallum and Sam Freeman as administrators. Walsh told local news sources […]