For the second quarter, Kinnevik reported NAV of 89.6 billion Swedish krona or 323 Swedish krona per share, up 24.7 billion Swedish krona or 38 percent in the quarter. The company’s net cash position was 5.5 billion Swedish krona, corresponding to 6.6 percent of portfolio value by quarter-end, and amounting […]

The bankruptcy filing of America's oldest apparel retailer Brooks Brothers has ignited significant interest from potential buyers for the brand. WHP Global and a venture backed by Authentic Brands Group LLC and Simon Property Group, Inc., are reportedly considering bids for the retailer. WHP Global […]

Dutch eyewear label Ace & Tate has raised 14.25 million euros to help fund its European expansion. The Amsterdam-based brand said the money will be focused on three areas: retail expansion in new and existing European markets; new technologies to bolster its omnichannel model; and building on current […]

Interview As younger generations spend increasingly more time online, one social media platform has been catching the attention of everyone: TikTok. But what do fashion brands have to do to grow their presence on the app? The Chinese-owned short-video platform has such addictive qualities that teenagers […]

As of July 5, Express Inc., has reopened approximately 95 percent of its stores and expects to open the remaining stores in the coming weeks. The company said in a statement that with each successive wave of store openings, sales and traffic improved steadily through the third week in June, with sales […]

The Fast Retailing Group’s consolidated revenue for the first nine months, totalled 1.5449 trillion yen, down 15.2 percent and operating profit totalled 132.3 billion yen, down 46.6 percent caused primarily by the impact of Covid-19, which the company said, spurred its decision to either temporarily […]

British footwear retailer Hotter Shoes has reportedly submitted its company voluntary arrangement (CVA) proposal as it looks to shrink its store estate. The company’s owner Electra Private Equity wants to close 46 stores, bringing its number of stores from 61 to 15, according to Drapers. The company […]

Esprit has announced that its new major shareholder North Point Talent Limited has proposed the removal of the company’s executive directors. Having increased its stake by 12.74 percent of Esprit’s total outstanding shares, Hong Kong-based North Point is now the Ratingen-based retailer’s largest shareholder. […]

Gymshark is reportedly being circled by a number of private equity firms interested in snapping up a minority stake in the fast-growing brand. Inflexion Private Equity, General Atlantic, TSG Partners and L Catterton are all interested in buying a stake in the gymwear and athleisure label after it hired […]

Global Fashion Group (GFG) expects second quarter to be its second adjusted EBITDA-profitable and first cash flow-positive quarter, as a result of strong customer demand recovery since the end of April, and the company’s strategic response to the Covid-19 pandemic. According to the preliminary results, […]

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