Entrepreneurial brothers Mohsin and Zuber Issa have taken a minority share in Castore. The owners of UK supermarket giant Asda are understood to have become the largest outside investor in the British sportswear brand.
Coats Group is back on its game. The UK-based industrial thread manufacturer on Wednesday reported a return to organic growth following a strong operational performance in three months to 30 April.
Mulberry is preparing for a series of contemporary designer collaborations as it celebrates its 50th year. It said reaching its half century means a series of “joyful” link-ups with a trio of “visionary designers”.
Moncler has taken the next step in its integration of the Stone Island operation into the company. It said the board of Moncler and its SPW subsidiary has approved the “partial demerger plan in favour of Moncler’.
Browns is the latest upscale retailer to launch into the kidswear sector with the Farfetch-owned business to add a children’s offer from this summer. It will include established and new labels.
According to a report from NPD, luggage and swimwear sales have shown strong signs of recovery over the last two months, following a dismal year for travel fashion and accessories due to Covid-19-related restrictions.
Under Armour shareholders may pursue a lawsuit accusing the sports apparel company of concealing how it pulled sales forward from future quarters to meet Wall Street revenue forecasts, a federal judge ruled on Tuesday.
The American beauty conglomerate announced on Tuesday that it has increased its stake in the Canadian owner of brands including The Ordinary and Niod from 29% to 76%.
Italian luxury group Valentino said on Tuesday it would stop using fur from next year and would focus on its main, eponymous brand, ditching its second, younger line, REDValentino, from 2024.
Fashion e-tail giant ASOS is reportedly considering diving even deeper into beauty via possible bids for major beauty platform Cult Beauty or Feelunique, according to a report.
Thanks to £84.9 million worth of successful insurance claims and careful cost management, tradesows giant Hyve “is focused on emerging from the pandemic stronger", it said in its interim results Tuesday.
Walmart Inc on Tuesday raised its full-year earnings forecast after shoppers armed with government stimulus checks ventured back into stores, driving demand that is expected to continue through the year.
Macy's on Tuesday raised its annual sales and profit forecasts, as speedy vaccinations encourage Americans to return to its stores to upgrade their wardrobes after being stuck at home for more than a year.
Landsec is “poised for recovery” after the toughest of trading years, the UK landlord said in its annual results statement on Tuesday. And that recovery won’t include its retail park portfolio, which is to be sold.
Budget shoe retailer Shoe Zone on Tuesday reported a loss for the six months to April 3 on the back of lower sales, although this was hardly a surprise given how weak the footwear category has been during lockdowns.
