Budget British fashion retailer Select is reportedly preparing to call in administrators, putting some 2,000 jobs at risk. According to Retail Week, the womenswear chain filed a notice of intention to appoint an administrator in the middle of last week and has lined up advisory firm Quantuma to handle […]

UNIC – Italian Tanneries has acquired a quota of SprintItaly through its subsidiary Lineapelle S.r.l., which will see the association of the tanning industry owning 2 percent of Sicit’s capital. The investment of 4 million euros is part of UNIC – Italian Tanneries investment in Sicit’s circular economy, […]

When former Roberto Cavalli Creative Director Paul Surridge made an announced he was quitting his role last week, there was little signification of what was to come. Citing the company mission had altered from the job specs he was brought on to embrace, Roberto Cavalli on Friday announced it was shuttering […]

American fashion brand Charlotte Russe Holdings Corporation, which filed for Chapter 11 bankruptcy in February, has confirmed that it has successfully sold the Charlotte Russe brand and related intellectual property to YM Inc., one of North America's largest fashion houses dedicated to delivering leading-edge […]

ANALYSIS New York - Hennes and Mauritz’s first-quarter results beat expectations on profit and margin, which was argued by the retailer as proof that its turnaround strategy is working. The world’s second-largest clothing retailer reported pre-tax profit of 1.04 billion Swedish crowns for the quarter […]

New York – Brazilian fashion group Pacífico Sul has announced it has acquired a majority stake in Labellamafia, one of the leading Latin American clothing apparel brands. Although the price paid remains undisclosed, as well as the actual size of the stake, it is thought that both have come in "above […]

Debenhams has announced the agreement of a 200 million pound refinancing lifeline with its lenders as the embattled retailer continues to fend off a takeover bid by Mike Ashley's Sports Direct. In a statement released by Debenhams, chairman Terry Duddy said the funding package “secures the future of […]

British luxury handbag brand Anya Hindmarch has reportedly been sold off to the Marandi family. According to The Telegraph, the Marandi Family, which is led by Iranian-born entrepreneur Javad Marandi, is buying a majority stake from Doha-based Mayhoola For Investments. Mayhoola for Investments first […]

New York - J. Crew Group Inc is in talks with restructuring advisors for the second time in the last six months, in an attempt to wrangle falling sales and mounting debts. The company's decision to seek help with its debt once again underscores the persistent business challenges J. Crew faces despite […]

New York - Maurices, the US-based womenswear chain, will be changing hands soon. The fashion retailer is said to be bought by European private equity firm OpCapita, putting an end to Ascena Group’s 14-year ownership. OpCapita announced earlier this week it will acquire a majority stake in the women’s […]

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