Home fitness has become increasingly important to consumers in the U.S. after three months of stay-at-home mandates and closures of fitness studios. And Lululemon has decided to grow its business to cater to this trend. The athleticwear brand has acquired Mirror, an innovator in the home fitness sphere, […]

British fashion and lifestyle retailer Oliver Bonas has secured 3.5 million pounds in funding from HSBC UK to help support the company post-lockdown. The funding is part of the Coronavirus Business Interruption Loan Scheme (CBILS) and aims to ease the financial strain on the retailer following months […]

After Mike Ashley’s Frasers Group bought a 5.1 stake in German label Hugo Boss in mid June - corresponding to 3.55 million shares and 97 million pounds - the British retailing group, which owns House of Fraser, Flannels, Jack Wills and Evans Cycles, has now doubled its stake in Hugo Boss. According […]

British fashion retailer New Look has reportedly warned landlords it could launch a pre-pack administration deal if they block its attempt to move to turnover-based rents. According to Retail Week, multiple sources have said New Look has hired consultancy firm CBRE to help it move its 500-strong store […]

Kim Kardashian West has inked a deal to sell 20 percent of her make-up brand KKW Beauty to American cosmetics giant Coty for 200 million dollars, the pair announced on Monday. The agreement values the three-year-old company at 1 billion dollars. It will see Coty take "overall responsibility" for the […]

Online fashion, beauty and wellbeing retailer The Hut Group (THG) is reportedly in talks over a share sale which could lead to a stock market flotation. The Manchester-based company, whose portfolio includes fashion brands MyBag, Coggles, and All Sole, has reportedly been holding talks with investors […]

VF Corporation has announced organizational changes to strengthen and accelerate the company’s business strategy in the Asia Pacific Region, while at the same time adding enhanced leadership support for its Emerging Brands platform. The company said in a statement that Kevin Bailey, Executive Vice President […]

Google has announced a commitment to help one million small British businesses stay open in the fallout from Covid-19 by helping them be found online by the end of 2021. Google’s Open for Business initiative offers a support package of products, tools and services which small businesses can sign-up […]

Euratex, the European Apparel and Textile Confederation, has come up with a strategy for the future that is supposed to turn the current coronavirus crisis into an opportunity. Part of the strategy, which was endorsed by the last general assembly, is for the industry to become “more digital, sustainable […]

CRS INTERVIEW German textiles discounter KiK operates almost 3,700 stores in Europe and generates two billion euros in sales annually. Among the 20,000 articles in its range are the often-criticised 1-euro-t-shirts. Most of the production takes place in Bangladesh. Are a discount model, sustainability […]

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