How the other half lives: luxury companies thrive By Reuters API While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes A string of consumer companies, from spirits…
Clarks launches Collective for AW22, links with global activists As AW22 campaign season gets under way, Clarks The global campaign they star in takes the footwear retailer’s “commitment to innovation into a new, modern space with a refreshed brand…
Tendam begins refinancing €540 million bond debt after growing 12% in H1 Translated by Nicola Mira Spanish fashion group Tendam, owner of brands like Cortefiel Cortefiel owner Tendam has started refinancing its €540 million bond debt The new bonds, maturing…
Franchise Group enters exclusive talks over Kohl’s sale By Reuters Kohl’s Reuters The bid of $60 per share constitutes a premium to Kohl’s closing price of $42.12 on Monday, giving it a market value of about $5.4 billion. Franchise Group,…
Poshmark acquired by South Korea’s Naver By Reuters South Korean tech firm Naver Corp said on Tuesday it agreed to a $1.6 billion deal to buy Poshmark The $1.6 billion includes consideration for Poshmark’s cash holdings, and the enterprise value…
Pierre Cardin celebrates the 100th birthday of its founder with a fashion show in Venice Translated by Roberta HERRERA The house of Pierre Cardin Pierre Cardin After having celebrated a comeback on a high note with a futuristic fashion show…
U.S. retailers fill store shelves with leftover holiday inventory The Ghost of Christmas Past haunts U.S. store shelves, sales floors and stockrooms this year. Retailers were sitting on $548.8 billion of inventory in July, a 21.6% increase from last year,…
CFDA and DHL award Black Boy Knits The Council of Fashion Designers of America In the studio with Jacques Agolby of Black Boy Knits. – Black Boy Knits Founded by Jacques Agbobly, Black Boy Knits was launched in 2020 with…
Abercrombie & Fitch eyes $5 billion in annual sales Abercrombie & Fitch Abercrombie & Fitch The New Albany “The company is in a dramatically different place than we were at our last investor day just four years ago. Today, we…
Russia exit dents H&M in Q3, but it sees September upturn H&M H&M But looking specifically at the third quarter, the Russia move had a much bigger impact with the result that while net sales rose 3% to SEK57.45 billion,…
