British fashion retailer New Look has announced the completion of its major recapitalisation launched earlier this year when its trading was hit by the Covid-19 pandemic. The company said the recapitalisation “significantly reduces long-term debt and provides financial strength and flexibility to deliver […]

Adidas said that the company recorded a strong sequential revenue improvement in the third quarter as more than 90 percent of the company’s own-retail stores were operational, most of which had been closed for several weeks during the second quarter. The company’s overall direct-to-consumer business […]

After the massive trade conflicts between the USA and the EU, German industry is hoping for a "new start at eye level" from the coming US President Joe Biden. Industry President Dieter Kempf said on Sunday, according to a statement from the Federation of German Industries (BDI): "After the Trump era, […]

VF Corporation, the parent company of The North Face, Vans, Timberland, Eastpak, Napapijri and Dickies, is adding another brand to its portfolio as it confirms that it is to acquire streetwear brand Supreme in a 2.1 billion dollar deal. The acquisition VF Corporation states follows a “long-standing […]

Non-essential retailers in Wales have been permitted to reopen as the country emerged Monday from its 17-day firebreak lockdown. The country’s first minister Mark Drakeford announced the “short, sharp” action last month to “regain control of coronavirus” and stop health services from being overwhelmed. […]

Swedish premium sneaker, ready-to-wear and accessories brand Axel Arigato has secured a 56 million euro investment from global investment firm Eurazeo. Eurazeo will now be a majority shareholder, alongside Axel Arigato founders Max Svärdh and Albin Johansson. “We are very proud of the company we've […]

Landlords have reportedly accused Clarks of abusing insolvency processes after it launched a company voluntary arrangement (CVA) they say they have little chance of blocking. The British footwear retailer launched its CVA last week which will result in the majority of its 320 UK stores moving to turnover-based […]

Edinburgh Woollen Mill (EWM) has fallen into administration, putting thousands of jobs at risk. The fashion retailer has 384 stores and 2,571 staff across the UK. Owner EWM Group has also put its homeware chain Ponden Home, which had 73 stores and 329 employees, into administration. Administrators from […]

It’s a rough day for furriers in Denmark. Parts of Denmark are now under tougher lockdown measures because health authorities have discovered a mutated version of the coronavirus in minks and people in the north of Denmark. The government is now culling all minks to prevent the further spread of this […]

Marc Jacobs International ongoing legal battle with Nirvana over the copyright infringement of the smiley face image continues on. Marc Jacobs’ lawyers have called for a summary judgement in the case, meaning a judge will make a decision before it even goes to trial. The specific image in question is […]

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