GCDS, the streetwear brand co-founded in 2015 by brothers Giuliano and Giordano Calza, has sold a majority stake to Italian private equity Made in Italy Fund, managed by Quadrivio and Pambianco. Giuliano and Giordano Calza, creative director and chief executive officer, respectively, will maintain their […]

Arch and Hook, the world’s leading and only sustainable hanger brand, has released a 32-page report on plastic hanger usage in the UK clothing market as it looks to uncover the truth about pollution in the fashion industry, especially the consequences of plastic hangers on the environment. The research […]

British womenswear retailer LK Bennett is reportedly gearing up to launch a company voluntary arrangement (CVA) proposal which will see five of its stores permanently close and the rest move to turnover-based rents. The company employs 400 staff and has 18 standalone stores, all of which are currently […]

Burberry has reported a dive in profit for the first half of the year after months of Covid-19 disruption, but said it has been encouraged by positive signs of recovery. For the six months to 26 September, the British luxury brand’s pre-tax profit fell 62 percent to 73 million pounds, while adjusted […]

As of 30 September 2020 the Salvatore Ferragamo Group reported total revenues of 611 million euros, down 38.5 percent at current exchange and 38.6 percent at constant exchange rates. The company said in a statement that revenues in the third quarter decreased 18.9 percent at current exchange rates and […]

Caleres has named Michael Edwards President of Famous Footwear, effective November 20, 2020. Edwards, the company said in a statement, will replace Molly Adams, who resigned her position to pursue an opportunity outside the organization. “Mike is a capable and successful leader who has seen the business […]

Italy is happily saying hello to a new influx of designer production factories. First, Balenciaga announced they would be opening a new accessories plant in Italy. Now, rival luxury brand Fendi has laid the foundation stone of a new factory set to open in Tuscany’s Bango a Ripoli outside of Florence […]

Bebe Stores Inc, a global specialty licensor of women’s apparel and accessories, has announced it has acquired 47 Buddy’s Home Furnishings rent-to-own franchises from Franchise Group for 35 million dollars. Bebe said the deal also grants it the rights “to build additional franchises in protected geographies […]

Chinese tech giants including Alibaba and Tencent tumbled for a second day Wednesday, after Beijing's market regulator put out draft antitrust rules that signalled a looming crackdown on high-flying internet giants. Rules published on Tuesday outlined plans to prevent "monopolistic behaviour" among […]

When Adidas AG agreed to buy Reebok for 3.1 billion euros in 2006 it was to improve its position to challenge Nike, the world’s biggest sportswear brand. By acquiring Reebok, Adidas closed the gap to a “manageable” two billion euros. But Reebok hasn’t fended Nike off and Adidas is thought to be exploring […]

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