Dutch fashion company Unlimited Footwear Group (UFG) has acquired men’s shoe label Braend. The deal means Braend’s entire design, sourcing, manufacturing, distribution and marketing process handled inhouse and under the UFG banner, kicking-off with the launch of footwear collections for the AW21 and […]

Men’s Wearhouse owner Tailored Brands has announced 75 million dollars in new financing following its emergence from Chapter 11 bankruptcy late last year. The financing comprises 50 million dollars of mandatory convertible notes and 25 million dollars in additional senior secured debt, and will provide […]

Exor, the European holding company controlled by the Agnelli family, has acquired a 24 percent stake in Christian Louboutin for 541 million euros. The investment will help the luxury footwear brand expand geographically, with a particular focus on the Chinese market, Exor said in a release. It will […]

Womenswear brand Misspap is offering 25,000 pounds worth of free marketing to an all female-led, small business as part of its International Women’s Day activities. The ‘Boost Your Business’ competition is part of Misspap’s long term strategy to use its platform to support and nurture talent, particularly […]

In the 52 weeks to October 3, 2020, revenues fell by 24.4 percent at Shoe Zone plc to 122.6 million pounds following the loss of trade from retail stores due to Covid-19. The company ended the year with 460 stores, a net reduction of 40 stores on 2019. Shoe Zone reported loss before tax of 14.6 million […]

“I am a unicorn. I should not be here,” says Randy Cousins, SVP of Product Design at Tommy Hilfiger, of being a Black creative in the fashion industry. During last summer’s Black Lives Matter uprising while in conversation with friend Joe Medved, founder of recruiting firm Joe’s Blackbook and the annual […]

Fashion brand Jil Sander has passed into Italian hands as the OTB Group of Diesel founder Renzo Rosso becomes the new owner. The news was confirmed today after media reports came out in December that OTB was interested in the originally German fashion house. Time to dive into the history of the brand […]

Trends The COVID-19 pandemic has caused an unprecedented global economic shock. The world looked and still looks different, and the fashion industry is no exception. Given the extreme jeopardy the industry has faced, there is no simple playbook for the running year. However, the numerous trends the […]

Mike Ashley’s Frasers Group has described the business relief package announced earlier this week by the government as “near worthless” support for bigger businesses. Chancellor Rishi Sunak announced Wednesday the 100 percent business rates holiday would be extended until June, after which a discounted […]

Jil Sander, the erstwhile German luxury brand, has been acquired by Italian fashion group OTB. The parent company of Diesel and Margiela bought the house from Japanese fashion group Onward Holding for an undisclosed sum. Jil Sander, which recently has re-found its fashion footing under husband and wife […]

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