On 27 November GrandVision Benelux announced the acquisition of Dutch optical e-tailer Zonnenbrillen.com. With the acquisition GrandVision aims to strengthen its online position on the Dutch and Belgian market.
Japanese apparel group TSI holdings announced on Tuesday its plan to acquire a 90% ownership of Huf Holdings LLC, owner of skate brand Huf. The acquisition of the stake is expected to be completed by December 14.
Global Fashion Group, the emerging markets fashion retailer set up by investors Kinnevik and Rocket Internet, reported its third-quarter operating losses narrowed somewhat while net revenue jumped by 19 percent.
Shares of retailers such as Macy’s Inc and Wal-Mart were up on Monday following a promising start to the holiday season and ahead of what is expected to be the largest U.S. online shopping day in history.
The key to winning a loyal following in the new generation of Millennials – the key target market for all fashion houses - is emotion, insists François Henri Pinault, CEO of French luxury conglomerate Kering Group.