The consortium of investors that now owns Debenhams has announced it will retain ownership of the department store chain after its administrators rejected all takeover bids. The consortium, called Celine, said Debenhams administrators did not consider the bids to be “at the level required to be taken […]

Superdry warned on Thursday that its full year profits will come in below market expectations as co-founder Julian Dunkerton begins his attempt to turn the company around following his successful return to the board in April. For the 13-week period to 27 April 2019, overall revenue dropped by 4.5 percent […]

Bonmarché’s board of directors have urged shareholders to reject a takeover bid made by Edinburgh Woollen Mill owner Philip Day. Last month, Day bought a new stake in Bonmarché via his Dubai-based investment firm, Spectre, giving him a 52.4 percent in the retailer, and by doing so triggered a mandatory […]

Lululemon is still at odds with their billionaire founder, Chip Wilson. Wilson recently lost his right to designate a board nominee after he "failed to observe the requirements of the support agreement relating to certain contesting stockholder actions." The news was reported by Business of Fashion. […]

For the first quarter ended March 31, 2019, Sequential Brands Group, Inc. has reported total revenue of 36.9 million dollars compared to 38.1 million dollars for the same period last year. On a GAAP basis, net loss for the first quarter 2019 was 125.3 million dollars or 1.95 dollars per diluted share […]

Almost 80 percent of students at the world’s leading fashion schools are women. At apparel stores, nearly 75 percent of the workforce is female and they’re usually serving female customers, as women make about 80 percent of fashion-related purchasing decisions. Yet, only 12.5 percent of the apparel […]

Randa Accessories, the centenary company making leather goods, headwear, jewelry luggage and other accessories for brands like Hanes, Guess and Jessica Simpson, has entered a definitive agreement to acquire 100 percent of menswear label Haggar Clothing Co. The transaction is expected to close within […]

Footwear fashion retailer Footasylum is reporting a return on advertising spend that’s 30 times higher than that of the industry average following its switch to an AI-driven social marketing strategy. Leveraging its partnership with Peak, the pioneer of the AI System, Footasylum introduced AI and machine […]

Reformation is looking for a buyer, says American publication WWD citing sources familiar with the matter. The sustainable brand, which according to the sources has registered an annual sales growth of more than 50 percent, has reportedly tapped Goldman Sachs to manage the first round of bids, which […]

With newly built industrial parks and a range of financial incentives, Ethiopia is working hard to become the world’s next garment exporter. “We will make Ethiopia the leading manufacturing hub in Africa”, Dr. Arkebe Oqubay, Special Economic Adviser to the country’s Prime Minister, recently said. The […]

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