Coty has become a partial owner of Kim Kardashian West's business. THe global beauty company completed its acquisition of 20 percent of the celebrity's business for a purchase price of 200 million dollars. This deal was first announced in June 2020. In 2019, Coty acquired 51 percent ownership of the […]

HanesBrands (HBI) said Tuesday that it has received a favorable judgment from the Nanjing Intermediate People's Court in a trademark infringement case involving its Champion brand in China. The case involved the production and distribution of counterfeit Champion products and the operation of unauthorized […]

London-based retail tech firm NearSt has raised 2 million pounds in seed funding. The company provides physical retailers with technology allowing them to make the products on their physical store shelves visible to shoppers searching online nearby. According to NearSt’s research, 83 percent of shoppers […]

Skinwear and hosiery specialist Wolford has reported that while its sales were “strongly marked” by the impacts of Covid-19 it still had a strong first half-year. The first six months of the current fiscal year, May to December 2020, Wolford reports that it generated sales of 48.17 million euros, a […]

Full price sales in the nine weeks to December 26, 2020, at Next Plc, were down 1.1 percent on last year and much better compared to the central guidance of drop of 8 percent, given in our October trading statement. The company said in a statement that during the period under review, the sales gained […]

December same-store sales including online sales at Uniqlo Japan increased by 6.2 percent year on year while total sales including online sales increased by 6.1 percent. The company, part of the Fast Retailing Group, said in a statement, same-store sales rose year on year in December due to strong sales […]

Macy’s, Inc. has announced that Nata Dvir has been named Chief Merchandising Officer of the Macy’s brand, effective February 1, 2021. She currently serves as Macy’s senior vice president and general business manager for beauty and center core merchandise. In her new role, the company said in a statement, […]

Mike Ashley’s Frasers Group has acquired the stores and online business of fashion retailer Psyche for an undisclosed sum. Psyche owner Steve Cochrane, who has run the business for the past 38 years and will continue as CEO following the takeover, said the deal would secure the future of his company […]

Arcadia’s administrator Deloitte has reportedly accelerated the sale of the retail group’s fashion brands, giving potential suitors a deadline of 18 January to make final bids. According to The Times, Deloitte has narrowed the frontrunners down to just five, though they are understood to have been around […]

Sudbury-based textiles manufacturer, Silk Industries that trades as Vanners, has been bought out of administration by businessman Roger Gawn. Vanners, which develops and manufactures silk fabrics and products for the luxury menswear, fashion and furnishing markets, fell into administration on November […]

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