The owner of brands including Umbro and Lee Cooper announced on Friday that it has entered into a definitive agreement to be acquired by an affiliate of Lancer Capital, a deal which values Iconix at around $585 million.
Daniel Wellington this week debuted its new Quadro collection, as it unveiled a brand-new ambassador, Tina Kunakey, for its watches in the latest moves from one of Scandinavia’s fastest growing accessories marques.
The CEO of Sergio Rossi is now a shareholder alongside Chinese group Fosun, which has recently acquired the Italian footwear label, and tells FashionNetwork.com how the operation unfolded, outlining his future plans.
Buy-now-pay-later (BNPL) giant Klarna has raised new capital in a deal that not only values it at a massive $45.6bn but gives it a valuation as much as $14bn higher than its last fundraising round as recently as March.
Beauty e-tailer Cult Beauty has filed its full-year results for the 12 months to May 31 2020 and they show that it enjoyed what it called “another great year”, despite the pandemic affecting over two months in the year.
The international jewelry retailer reported total first-quarter sales of $1.7 billion on Thursday, an increase of 98.2% from $852.1 million in the same period in the previous year, led by strong growth in North America.
The NYC-based fashion group has announced that it achieved net sales of $57.5 million in the first quarter, up 47.5% from $57.5 million in the prior-year period, progress which allowed the company to reduce its loss.
Adidas, which is seeking to increase the proportion of sustainable materials it uses in its products, is investing in Finland's Spinnova, a company that makes textile fibre out of wood or agricultural waste.
On the same day as one malcontent was slapping Emmanuel Macron in rural France, the president’s start-up nation was showing another face – La Caserne, a dynamic new fashion incubator inside Paris' largest fire station.