Asos is asking its brand partners with a UK manufacturing presence to strengthen their commitment to transparency and responsible action by pledging to make four new ethical manufacturing commitments as a condition to their products being sold on its website. Third party brands will be asked to sign […]

New York & Co.'s parent company, RTW Retailwinds has sold the brand's e-commerce business and related intellectual property to Sunrise Brands LLC for 20 million dollars. Sunrise has acquired New York & Co., size-inclusive brand Fashion to Figure, and both brands' online rental subscription services. […]

New York – Canada’s Tristan & Iseut Inc., a fashion brand founded in 1973, filed a notice of intention on July, 21 to seek protection under the Bankruptcy and Insolvency Act. The file was made publicly available by the company’s trustee MNP Ltd. According to MNP, this notice is often the first stage […]

Montblanc has announced that Yoox Net-a-Porter will operate its e-commerce platform starting from this month as it looks to take its digital capability to the “next level”. The move for Montblanc to choose Yoox Net-a-Porter to enhance its online shopping experience further strengthens ties with Compagnie […]

British property giant Hammerson has announced plans to raise 825 million pounds as it looks to mitigate the financial impact of Covid-19. The company, which owns Bullring shopping centre in Birmingham and Brent Cross centre in London, is looking to raise 552 million pounds through a fundraise and 274 […]

Adler Modemärkte AG said in a statement that after the official order to close all 171 stores for several weeks in response to the Covid-19 pandemic had a massive impact on the KPIs in the first half of the year. Revenue amounted to 138.1 million euros, over 40 percent below the prior-year period. The […]

Scottish value fashion chain M&Co has announced the completion of a financial restructuring which saw it being sold and immediately bought back by its founders, the McGeoch family. The pre-pack deal will result in 47 of its 265 stores closing, and around 380 redundancies from its total workforce of […]

After the outbreak of Covid-19, fashion companies cancelled orders worth billions with their suppliers, shifting their problems onto those who were most vulnerable: factory owners and workers. After much criticism, more than a dozen companies such as H&M and Levi Strauss made U-turns on their decisions, […]

Adidas said that the company recorded a material revenue decline in its physical distribution channels during the second quarter of 2020 as the global coronavirus pandemic caused a very large number of store closures as well as a pronounced traffic reduction within the parts of the store fleet that […]

Wolverine World Wide, Inc. reported revenue of 349.1 million dollars, down 38.6 percent versus the prior year. On a constant currency basis, the company said in a statement, revenue was down 38.3 percent versus the prior year, while company-owned ecommerce revenue grew 96 percent versus the prior year. […]

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