Mytheresa is going public. Its parent company, MYT Netherlands Parent B.V, has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering. The number of shares to be offered and the price range for the IPO has not […]

VF Corporation announced that it has completed its purchase of Supreme for a base purchase price of 2.1 billion dollars, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses. Supreme has become a wholly-owned subsidiary of VF Corporation. The company expects […]

After five turbulent years, the UK and Europe finalised a trade agreement just days ahead of 2021 that would see the start of Brexit with a new accord. The agreement will see tariff and quota-free traded goods after December 31, with the exception of the services industry. Services comprise of 80 percent […]

Accelerating the transition to an ever more digital existence, the coronavirus pandemic has tightened tech giants' grip on billions of customers' lives. Governments and users are belatedly coming to terms with the power held by the likes of Apple and Amazon, particularly in focus this year thanks to […]

A look-back at the year 2020 reveals how fashion brands and retailers suffered due to dwindling sales, low footfall, high debts, high rentals, inefficient operations, out-dated merchandise assortment and high inventories, among other issues. The coronavirus pandemic added to the woes of these already […]

Beijing - China has launched an anti-monopoly investigation into Alibaba, regulators said Thursday, sending the share price of the e-commerce giant tumbling and intensifying the troubles of its billionaire founder Jack Ma. Regulators will also hold “supervisory and guidance” talks with Alibaba’s gigantic […]

Ann Summers has received the green light from its creditors to go ahead with a company voluntary arrangement (CVA) to restructure its store estate. The CVA, which was approved by 90 percent of creditors, will affect the 25 of Ann Summers’ 91 stores it was unable to agree revised rent terms for with […]

British footwear retailer Clarks has been given the green light from its shareholders to go ahead with its proposed partnership with Hong Kong-based private equity firm LionRock Capital. Last month, LionRock Capital agreed to acquire a 100 million pound majority stake in Clarks provided the British […]

LK Bennett has been given the green light by creditors to move ahead with its company voluntary arrangement (CVA) that will see five of its stores permanently close and the rest move to turnover-based rents. The British womenswear retailer employs 400 staff and has 18 standalone stores. The retailer […]

Some factories in Pakistan supplying clothes to Boohoo have been accused of paying workers 29p per hour and making them work in appalling conditions. An investigation by the Guardian into the working conditions of two factories in the industrial city of Faisalabad found workers who claimed they were […]

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