Australian online retailer MySale Group has entered into an unconditional agreement to sell the trade and assets of shopping platform to fashion retailer Brandalley for 1.5 million pounds. The completion of the deal is set for 9 May and forms part of the company’s rationalisation programme […]

New Look has announced the completion of a “comprehensive financial restructuring” that has seen its long-term debt reduced from 1.35 billion pounds to a more manageable 350 million pounds. The British retailer also announced a 150 million pound capital injection in the form of new senior secured notes […]

New York - Analysts expect Farfetch Limited (NYSE:FTCH) to report -0.13 dollars earnings per share (EPS) on May, 23. After having -0.03 dollars EPS previously, Farfetch Limited’s analysts see 333.33 percent EPS growth. Farfetch has underperformed by 4.37 por ciento the S&P500. Brokerages expect Farfetch […]

Amancio Ortega, founder and largest shareholder of Inditex, has been paid more than 813 million euros in dividends from the Zara owner group. On May 2, shareholders such as Ortega received a dividend of 0.44 euros per share. It is the first payment of the year for Inditex’ shareholders. In the case […]

New York -Indian fashion tech startup StyleDotMe has raised a bridge round of funding led by IAN investors Ambarish Raghuvanshi, Ajay Gupta, Deval Tibrewalla, Hari Balasubramanian, Rajan Anandan, Dr. Saurabh Srivastava and Raman Roy. StyleDotMe explained in a corporate release that they will use the […]

ANALYSIS New York - So far this year, the price of Inditex shares has picked up 18 percent. On a related note, the consensus profit forecast has fallen by 1.6 percent according to FactSheet. In this sense, the Royal Bank of Canada (RBC) released a report at the beginning of the month in which it raises […]

The Clean Clothes Campaign (CCC) has called on H&M and its shareholders to create a living wage fund from the profits of the Swedish fast fashion company. The NGO is also looking to increase appeals to investors in its future campaigning approach. The CCC has submitted a proposal that H&M stockholders […]

Green Harbor, a private equity fund from China, has bought a majority stake in JWU, the parent company of Jason Wu’s eponymous label. The news was announced by Green Harbor on its WeChat account. The company did not disclose any details about the acquisition. The majority stake was purchased from the […]

Altair Eyewear, a division of Marchon Eyewear, has signed an exclusive global licensing agreement with Authentic Brands Group (ABG) to design, develop, manufacture and distribute eyewear for Spyder, ABG’s high-end ski brand. The deal includes ophthalmic eyewear, sunglasses and ski goggles. "Spyder is […]

Index Ventures, the venture capital firm backing Asos, Farfetch and Net-a-Porter, has invested 7 million euros (approximately 7.8 million US dollars or 6 million pounds) in Otrium, a Dutch marketplace where brands can sell their unsold stock with discounts of up to 75 percent. In addition, Index partner […]

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