California manufacturing company Fam Brands is adding a new women’s label to its portfolio. The Los Angeles-based company—which owns proprietary and licensed brands including Eddie Bauer, Woolrich, Orvis, and more—announced on Feb. 3 that it acquired the contemporary label assuming design, production, […]

Forever 21 might be bought up by one of three buyers. The struggling fast fashion chain has been scrambling to restructure since it filed for bankruptcy protection under Chapter 11 in September 2019. Now, the company has announced that it is considering a sale to a group of bidders that includes Simon […]

Moda Operandi has raised 100 million dollars in new equity and debt financing. The New York-based company said it would use the proceeds “to continue to invest in its core client experience, innovative shopping model, unique curation of fashion, fine jewellery, and home decor, as well as the data and […]

Kinnevik AB has appointed Anna Stenberg as Chief People and Platform Officer (CPO), a new role in the Kinnevik management team. The company said in a statement that Stenberg is the founding partner of Women Executive Search and started her career in the Kinnevik group holding several management positions […]

LVMH has announced the appointment of Andrea Guerra as CEO of LVMH hospitality excellence and member of the executive committee effective March 16, 2020. The company said in a statement that following the acquisition of Belmond led by group CFO Jean Jacques Guiony, this newly created position encompasses […]

New York – Nike (NKE) and Tapestry (TPR) could suffer a 3 percent to 5 percent decline in earnings per share this quarter and a 1 to 2 percent decline in overall earnings per share (EPS) this year, according to Credit Suisse. Credit Suisse' analyst Michael Binetti said in a research note last Monday […]

New York – The expanding shadow of a global epidemic caused by the coronavirus outbreak originated in Wuhan, China, is seeing multiple ramifications beyond the actual health threat. China and the neighbouring countries constitute the largest expansion market for luxury brands worldwide. In order to […]

Levi Strauss & Co., for its fourth quarter reported net revenues decline of 2 percent on a reported basis, and flat on a constant-currency basis excluding 16 million dollars in unfavourable currency effects to 1,569 million dollars. Gross profit of 851 million dollars rose 1 percent on a reported […]

Aeffe Group has reported a slight increase in revenues in 2019. The Italian group, which owns brands such as Alberta Ferretti, Philosophy di Lorenzo Serafini, Moschino, Pollini, Jeremy Scott and Cédric Charlier, reported sales of 351.4 million euros in 2019, up 1.4 percent from 346.6 million euros in […]

Fast fashion brands drop new collections as often as every two weeks, illustrating the fast cycle of manufacturing, buying and disposing of which drives the fashion industry’s wastefulness and polluting impact. In fact, it is estimated that more than half of the fast fashion produced is disposed of […]

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