Frasers Group has said it will not place an offer for Mulberry after the British luxury label was placed into an offer period last month when Frasers Group raised its stake to 36.8 percent. Frasers Group first bought a 12.5 percent stake in Mulberry in February as part of the company’s efforts to reposition […]

European online retailer Showroomprivé, following an excellent year-end performance in line with the trend observed over the past two quarters, has raised its 2020 Ebitda target to be over 30 million euros from close to 20 million euros as previously announced. The company said, during the fourth quarter, […]

As Nordstrom continues to scale its market strategy to better serve customers on their terms, gain market share and increase inventory efficiencies, the company announced that Alexis DePree, Executive Vice President and Chief Supply Chain Officer, will become the newest member of its executive team […]

Manchester’s Trafford Centre has been acquired by The Canada Pension Plan Investment Board (CPPIB) following the collapse of the shopping’s previous owner Intu earlier this year. British property giant Intu fell into administration in June following failed crunch talks with its lenders, though its shopping […]

According to the motto “waste not, want not,” Danish fashion group Bestseller A/S is supporting two projects that are meant to accelerate its move to a more circular business model. One is about using the company’s own cutting waste and the other about creating recycling yarns. For both projects, Bestseller […]

Trading with the EU under a no-deal Brexit will be pricey for UK fashion, GlobalData has warned, adding that the country’s textile and fashion firms should therefore be weighing up other markets to potentially trade with. It comes amid a back-and-forth between the UK and EU over a long-awaited trade […]

The Hut Group (THG), which includes Coggles, AllSole and Lookfantastic, has appointed Checkout.com as its payments provider globally.  In a statement, The Hut Group said that the selection of Checkout.com comes follows a “comprehensive review” of the market and will assist it in unifying its digital […]

“It’s a cross between Shark Tank and Kickstarter,” explains Keanan Duffty, Program Director of Masters in Fashion Management at Parsons School of Design. Designed for entrepreneurship, project development, marketing and business planning, Peaqs is a high level learning game platform that combines a […]

If physical doesn't work, digital has to: from 18 to 22 January 2021, the sustainability community will discuss current industry topics and share key industry insights during “Neonyt on Air” – with the "Presenting Partners": Grüner Knopf (Green Button) government-run certification label by the Federal […]

StockX, the global resale platform for sneakers, streetwear and collectables, has closed a 275 million US dollar Series E funding round that brings its total capital raised to 490 million US dollars. The latest funding round, led by Tiger Global, now values StockX at 2.8 billion US dollars at a post-money […]

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