Designer Zac Posen has shuttered his namesake fashion label House of Z, citing unable to timely find a strategic investor amid a struggling retail climate. The announcement to cease operations went into immediate effect, with Posen’s website and e-commerce platform being taken offline. The news comes […]

New York – Lululemon has participated in the latest fundraising round for Mirror, a fitness startup that brings boutique fitness classes home with high-tech mirrors. The new funding totalled about 34 million dollars in a new funding round led by Point72 Ventures. Lululemon partook with an undisclosed […]

OPINION New York has lost an iconic retailer. As Barneys caved to bankruptcy, its name will be sold to the likes of Saks, its inventory discounted for swift liquidation, and its stores, including the Madison Avenue flagship as we know it, closed for good. Authentic Brands Group took control of Barneys […]

It only took a three-month long auction process, but Authentic Brands Group and B. Riley Financial Inc. are the new owners of Barneys New York. The deal results in most of the retailer’s stores closing and its name will be licensed to Saks Fifth Avenue. The 271.4-million-dollar sale was approved in […]

Eurazeo Brands, the consumer brands division of Global investment company Eurazeo, has announced the acquisition of a minority stake in Herschel Supply, the Canadian lifestyle brand best known for the Little America backpack. Herschel Supply has received a capital injection of 60 million US dollars […]

Chinese e-commerce giant Alibaba said second quarter revenue growth slowed to 40 percent on-year Friday, although net profits more than tripled thanks in part to a one-time payment from a fintech affiliate. Total revenue was 119 billion yuan (dollars 16.9 billion), with growth down from 42 percent in […]

B. Riley Financial has invested 116.5 million dollars in acquiring the majority ownership of six fashion brands: Catherine Malandrino, English Laundry, Joan Vass, Kensie Girl, Limited Too, and Nanette Lepore. The financial firm has also agreed to invest in Bluestar Alliance’s recently announced acquisition […]

German-based womenswear brand Escada has been sold to global private equity firm Regent. The Mittal Family, which bought the Munich-based luxury label in 2009, confirmed that it has sold the business to Regent for an undisclosed sum. Megha Mittal, chairman of Escada said in a statement: “It has been […]

Since the European Commission announced on 11th February of this year that Cambodia could possibly lose its trade status "Everything but Arms" (EBA), some 800,000 seamstresses in Cambodia have been living in fear of losing their livelihood. In a short documentary film, non-profit think-tank Mekong Future […]

New York - American fast-fashion chain Forever 21 has confirmed the closure of nearly 200 of its stores both in the United States and abroad, as part of its commitment to get out of its current bankruptcy. U.S. news network CNBC published earlier this week a list provided by the fashion firm itself […]

Related news