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 […]

Italian fashion house Salvatore Ferragamo has announced a three-year partnership with the Anna Meyer Paediatric Hospital Foundation to promote scientific research and expand the hospital. The partnership is to strengthen the Florentine fashion house’s ties to the region and the city of Florence, as […]

Primark’s parent company Associated British Foods (ABF) has warned of a further 220 million pounds it expects to lose from store closures as the UK increases its restrictions amid a new spike of Covid-19 cases. ABF said it now expects to lose 650 million pounds in sales in the year to September, up […]

UK maternity and nursing brand Seraphine has been acquired in a management buyout led by tech and consumer growth investor Mayfair Equity Partners in a deal valuing the company at around 50 million pounds. Mayfair acquired the company from Bridgepoint Growth and entrepreneur founder Cécile Reinaud who […]

JCPenney has announced that its CEO Jill Soltau has exited the company in the same month the business emerged from Chapter 11 bankruptcy. The iconic US department store chain’s new owners, Simon Property Group and Brookfield Asset Management, said they have started a search for a new CEO who should […]

The year 2020 started harmless enough with several good sustainability initiatives, but they were soon overshadowed by the global Corona pandemic. From March onwards, with lockdowns and restrictions for brick and mortar stores selling non-essentials like clothing, accessories and shoes, it was more […]

After months of back and forth, legal complications, stalemates, a global pandemic, Tiffany & Co.’s shareholders approved a 15.8 billion dollar deal with luxury conglomerate LVMH. At a virtual stakeholder meeting, 99 percent of votes were cast in favor of the deal where LVMH would acquire Tiffany […]

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