American fashion brand Charlotte Russe Holdings Corporation, which filed for Chapter 11 bankruptcy in February, has confirmed that it has successfully sold the Charlotte Russe brand and related intellectual property to YM Inc., one of North America's largest fashion houses dedicated to delivering leading-edge […]

ANALYSIS New York - Hennes and Mauritz’s first-quarter results beat expectations on profit and margin, which was argued by the retailer as proof that its turnaround strategy is working. The world’s second-largest clothing retailer reported pre-tax profit of 1.04 billion Swedish crowns for the quarter […]

New York – Brazilian fashion group Pacífico Sul has announced it has acquired a majority stake in Labellamafia, one of the leading Latin American clothing apparel brands. Although the price paid remains undisclosed, as well as the actual size of the stake, it is thought that both have come in "above […]

Debenhams has announced the agreement of a 200 million pound refinancing lifeline with its lenders as the embattled retailer continues to fend off a takeover bid by Mike Ashley's Sports Direct. In a statement released by Debenhams, chairman Terry Duddy said the funding package “secures the future of […]

British luxury handbag brand Anya Hindmarch has reportedly been sold off to the Marandi family. According to The Telegraph, the Marandi Family, which is led by Iranian-born entrepreneur Javad Marandi, is buying a majority stake from Doha-based Mayhoola For Investments. Mayhoola for Investments first […]

New York - J. Crew Group Inc is in talks with restructuring advisors for the second time in the last six months, in an attempt to wrangle falling sales and mounting debts. The company's decision to seek help with its debt once again underscores the persistent business challenges J. Crew faces despite […]

New York - Maurices, the US-based womenswear chain, will be changing hands soon. The fashion retailer is said to be bought by European private equity firm OpCapita, putting an end to Ascena Group’s 14-year ownership. OpCapita announced earlier this week it will acquire a majority stake in the women’s […]

For more than two years, Brexit has been a daily hot topic in the news. Ever since the UK’s ‘leave’ vote on 23 June 2016, no other topic has dominated European politics quite like Brexit. Nevertheless, there has been no real progress ever since. Theresa May once promised that “Brexit means Brexit and […]

For the first quarter to February 28, 2019, Hennes & Mauritz AB (H&M) group’s net sales increased by 10 percent to 51,015 million Swedish krona (5,498.6 million dollars), while in local currencies, net sales increased by 4 percent. The company said, the online platform in Germany was replaced during […]

Restoque Comércio e Confecções de Roupas S.A. said that it focused on increasing sales per square meter and full-price sales, continuing with the restructuring of its stores, which began in 2017, by closing 29 stores in 2018 and 49 in the previous year. As a result, 2018 registered a 6.4 percent growth […]

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