New York – India’s Aditya Birla Fashion and Retail Ltd (ABFRL), which counts labels such as Louis Philippe, Peter England and Van Heusen on its portfolio, announced earlier this week it has acquired a 51 percent stake in Finesse International Design. As explained in a joint release, the acquisition […]

New York – The Italian specialty fashion brand Twinset, has just announced the launch of its 'Pleasedontbuy' initiative, a series of capsule collections available only for rent. Twinset, owned by the investment firm Carlyle, will officially make available its new capsule collection next September: Pleasedontbuy, […]

Debenhams is reportedly seeking a further 50 million pounds to help it through the Christmas trading period. The British department store expects to require access to the additional borrowing facilities as soon as this autumn, Sky News reports. Debenhams also secured a 200 million pound facility back […]

Kinnevik has announced that its net asset value (NAV) increased by 6 percent to 89 billion Swedish krona (9.5 billion dollars) or 323 Swedish krona (34.6 dollars) per share, in the second quarter, supported mainly by the positive development in the share prices of Zalando and Tele2. The value of the […]

Second quarter sales at Skechers USA, Inc., the company said, grew 10.9 percent as a result of a 19.8 percent increase in the company’s international business and 1.5 percent in its domestic business. On a constant currency basis, sales increased 13.7 percent. Earnings from operations increased 29.7 […]

ANALYSIS New York –On Thursday, Asos Plc (ASOS.L) said in an unscheduled announcement that it expected full-year profits to be up to 45 percent lower than what the City expected. This is the third time I the year to date that the online fashion retailer has issued a profits warning. Over the past eight […]

Premier Brands Group has sold U.S.-based apparel brand Anne Klein a new brand management platform, WHP Global. Founded by founder of Wave Hill Partners, Yehuda Shmidman, WHP Global launched on Wednesday with Anne Klein as its first acquisition. According to a press release, WHP Globla's mission is to […]

After a successful trial in Canada, Instagram has hidden ‘likes’ on its platform in Australia, Brazil, New Zealand, Japan, Ireland and Italy. According to Instagram’s parent company, Facebook, the aim of the trial is to verify whether the absence of likes “reduces pressure” on users, following criticism […]

New York – India’s Ritu Kumar, a fashion house which owns three designer labels, announced earlier this week it’s looking to raise up to 20 million dollars. The new funding will go to scale up its casual contemporary women’s wear brand Label. Additionally, the fashion company is looking into expanding […]

Manufacturing has gotten political. Any fashion company relying on stable and consistent trade will be feeling exposed in the era of global tariff wars. The tariffs proposed by the current Trump administration will tax over 300 billion dollars worth of Chinese imports - a move, according to the New […]

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