IBM (NYSE: IBM) and KAYA&KATO, a German uniforms and work wear manufacturer, have joined forces to develop a blockchain network for the fashion industry. The initiative counts on the support of the German Federal Ministry for Economic Development (BMZ) and is designed to create transparency about […]

With hundreds of stores closing their doors to customers for good at a pace never seen before, the retail space available has reached uncharted levels. While this wave of retail stores closures started over a year ago, the unstoppable advance of coronavirus has proven the deadly kiss to commercial property […]

Luxury fashion resale brand Cudoni has secured a further round of investment to the total of 4.6 million pounds, which it states will support plans for international expansion. The multi-million-pound investment comes from the backing of key investors with the Daily Mail Group Ventures leading the investment […]

Perry Ellis International is expanding its premium heritage brand Farah in Japan after signing a licensing deal with Itochu Corporation. Menswear brand Farah, which has a long history of reinventing men’s casual wear classics, while staying true to its intrinsically British identity, will partner with […]

Manish Arora, once described as the John Galliano of India, is reportedly in liquidation. A report by the New York Times said the financially troubled brand was facing legal action from vendors and employees waiting for payment. The ailing company parted ways with long-time business partner Deepak Bhagwani, […]

Sequential Brands Group Total revenue for the third quarter ended September 30, 2020 at Sequential Brands Group was 24 million dollars compared to 25.4 million dollars in the prior year quarter. Adjusted EBITDA from continuing operations reached 18.9 million dollars compared to 13.2 million dollars […]

On November 10 and 11, the International Apparel Federation held a digital ‘pre-event’ to its 36th IAF World Fashion Convention to be held June 7 and 8 2021 in Antwerp, Belgium. The goal of the pre-event was to start a global, industry wide and in-depth conversation on the Convention’s theme: ‘Transition […]

Topshop owner Arcadia has denied a report by The Sunday Times that they are exploring bankruptcy. Sky News also reported that Arcadia was seeking 30 million pounds in loans to sustain the business as the U.K.’s second lockdown is poised to do more damage to the already struggling retailer. However, […]

JD Sports has reportedly stepped up its interest in department store chain Debenhams. The sportswear retailer has been granted access to Debenhams’ secure data room to examine its finances, The Telegraph reports, indicating the retailer is serious about a potential rescue deal. Debenhams fell into ‘light […]

Iconix Brand Group, Inc. total revenue for the third quarter was 24.5 million dollars, a 31 percent decline, compared to the same quarter of 2019. The company said, revenue across all segments was primarily negatively impacted by the effects of the Covid-19 pandemic on the global economy. GAAP net income […]

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