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 […]

The revenue trend of the first half of the year at Ahlers Ag continued at a slower pace, which was down 33 percent and in the third quarter, the group’s sales revenues declined by 30 percent to 38.2 million euros, while sales revenues declined by 32 percent or 50.7 million euros to 108.9 million euros […]

Luxury Italian retailer Brunello Cucinelli closed its third quarter with positive signs of growth, citing a 3.6 percent increase compared to 2019. The Umbria-based company saw a 29.6 percent decline in the first half of the year, parallel to most luxury brands who faced store and retail closures across […]

Facebook announced #BuyBlack Friday in the US, aiming to celebrate and support small Black-owned businesses and their communities in the upcoming holiday season. The initiative is part of a three-month long Season of Support that was launched to provide free resources, education and training to help […]

Philip Day’s Edinburgh Woollen Mill Group (EWM) has filed a notice to appoint administrators in a bid to save the company amid “brutal” trading conditions, a move reportedly putting 24,000 jobs at risk. The group, whose portfolio includes brands Jaeger and Peacocks, said its stores will continue to […]

French luxury house Chanel announced a strategic merger with one of its suppliers, acquiring a majority stake in Italian shoemaker Ballin. Founded in 1945 in Fiesso D’Artico, Ballin employs 200 people and subcontracts its products to several luxury houses while also marketing shoes under its own label. […]

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