VF Corporation has announced organizational changes in support of its ongoing business model transformation and to ensure greater alignment in the management of its core and emerging brands portfolio. With these changes, the company said in a statement, leaders of VF’s three core brands (Vans, The North […]

Eighteen fashion brands from Belarus have been looking into the possibility of expanding into the European Union for the past two years. Even though extra challenges have arisen due to the coronavirus, they have decided to continue pushing forward regardless. Nikolai Morozov from the Morozov label and […]

Fashion school Polimoda announced a new call for applications as part of the scholarship plan worth more than 2 million euros made available by the school for the 2020/2021 academic year to help families and support the recovery of the fashion sector following the Covid-19 emergency. 90 new scholarships […]

A network of garment factories in Leicester, some of which have supplied retailers Boohoo and Select Fashion, have been involved in a money laundering and VAT fraud scandal, according to an investigation by BBC Radio 4. The activity was brought to light by a civil court case between the bosses of two […]

British luxury retailer Aspinal of London has received the green light from creditors to go ahead with its proposed company voluntary arrangement (CVA), meaning all 10 of its stores will be permanently closed. The CVA was “comfortably” approved by over 75 percent of its creditors last week, a source […]

Centric Brands, the licensee for brands such as Tommy Hilfiger and Under Armour, has completed its financial restructuring and emerged from Chapter 11 bankruptcy under private equity ownership. The company, whose portfolio of own brands includes Hudson, Robert Graham, Swims and Avirex, said it has substantially […]

The global footwear market is forecast to reach over 500 billion US dollars by 2027, according to data presented by Stockapps.com, as healthier lifestyles increase demand. Current forecasts indicate that that footwear industry is currently worth 365.5 billion US dollars, adds Stockapps.com, and this […]

For the six months, French Connection Group Plc reported revenue of 23.9 million pounds, 53.1 percent or 53.2 percent at constant currency lower than the previous period. In a preliminary results statement, the company said, retail revenue declined by 57.6 percent or 57.6 percent at constant currency […]

Kurt Geiger CEO Neil Clifford has said the company is planning another 500 job cuts - equating to over a quarter of its workforce - early next year following the government’s announcement in September it would be scrapping tax-free shopping on 31 December. In a letter to chancellor Rishi Sunak, seen […]

The UK government has announced new laws requiring mandatory independent scrutiny of pre-pack administration deals. Pre-pack sales are a type of rescue deal that involves arrangements to sell part or the whole of a struggling company’s business or assets prior to it entering into administration. The […]

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