The budget fashion retailer has confirmed it has put forward an offer to buy Italian women's ready-to-wear label Stefanel.
Anders Kristiansen, CEO of the ailing fashion group, and CFO Johannes Schmidt-Schultes, are both set to leave Esprit, at the latest by February 28.
Despite enduring “significant headwinds" in H1, Watches of Switzerland still managed to strengthen its leading position at the luxury end of the market, the specialist retailer said Thursday morning.
One of the largest shopping malls in the UK, the Trafford Centre in Manchester, has been taken over by its lenders after no bidder offered an acceptable price.
Shandong Ruyi, the Chinese group that controls, SMCP, Aquascutum, The Lycra Company and Gieves & Hawkes, has defaulted on two CNY1bn/$153m bonds. It has been dealing with a massive debt load.
This year has increased the importance of Chinese consumers to the luxury sector as the overall market has shrunk while China’s purchases have surged. And there's more to come in the next few years too.
Following its latest funding round, led by Tiger Global Management, the U.S.-based sneaker and lifestyle platform is valued at $2.8 billion.
Having filed for Chapter 11 bankruptcy in November, the Italian label's U.S. subsidiary has presented its reorganization plan, which involves the closure of four stores in the country.
Just three months after being acquired by new owners, Brooks Brothers is off to a fresh start under the aegis of Ken Ohashi and Michael Bastian, its new president and newly appointed creative director, respectively.
Luxury puffer jacket maker Moncler is betting heavily on younger consumers and the Chinese market to help sales bounce back from the coronavirus crisis, its boss said, seeing scope for a recovery in late 2021.
Martino Boselli is joining Benetton Group as head of the new Commercial & Sales Department of the United Colors of Benetton.
The UK’s largest department store chain has launched a closing down sale as no offer from either of the companies believed to be interested in buying it has yet emerged.
The California-based company, whose brand portfolio includes Cherokee, Hi-Tec, Magnum and Interceptor, has reported a 17% decrease in its third-quarter sales due to ongoing disruption caused by the Covid-19 pandemic.
Renzo Rosso’s fashion group has confirmed it is evaluating various acquisition opportunities, while rumours are rife about its interest in Jil Sander, owned by the Onward group.
West End and Covent Garden landlord Shaftesbury reported a full-year loss on Tuesday as the Covid crisis dented both its rental income and the value of its portfolio.
