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.
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’.
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.
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.