Gap Inc. has unveiled plans to close Piperlime, its predominately online designer-fashion brand, by the end of April this year. Piperlime, which Gap states is its smallest brand, with less than 100 million dollars a year in sales accounting for just 1 percent of its parent company’s revenue, will see […]

In its first trading update after going public in October 2014, Jimmy Choo has not only defied industry's fears about a slowdown in Asia but also proved that being a quoted company works well for them. Luxury shoe maker Jimmy Choo has reported a like-for-like sales increase of 5.7 percent, highlighting […]

The Spanish textile company Tavex will cease trading as a public company on February, 2. The cessation of trading of the company is the first of movement within the plan of the new owner, Camargo Corrêa, to turn the future of the company. As a precautionary measure before the offering of compulsory […]

Office would be allegedly going ahead with its initial public offering plan that could value the private equity-backed company at around 300 million pounds (453.09 million dollars), sources familiar and quoted by Reuters said. Same sources, who preferred to remain anonymous, indicated that Office has […]

London Fashion Week designer Jonathan Saunders has obtained investment for his eponymous label from Eiesha Bharti Pasricha, in order to support the label's expansion and "lay the foundations for the brand's future growth," confirmed a spokesperson for the brand to British Vogue on Friday morning. Eiesha […]

REPORT Shares of Adidas AG gained around 4 percent in Germany after the Sports goods giant reported Friday higher sales in fiscal 2014, with both top and bottom-line reaching financial targets on an underlying basis. The company also announced a definitive deal to sell its Rockport business for 280 […]

Sports goods giant Adidas said that it has entered into a definitive agreement to sell its Rockport business to a new entity formed by Berkshire Partners and New Balance for a total consideration of 280 million dollars, most of which will be paid in cash with the remainder comprised of notes. According […]

Billionaire Mike Ashley raised many eyebrows on Wednesday when Sports Direct announced its founder had offloaded a majority stake in the retailer to a new entity named Mash Holdings Limited. In a statement, Sports Directs claims that Mash Holdings Limited, Ashley’s investment vehicle, has offloaded […]

REPORT Based on its preliminary review of the unaudited consolidated management accounts of the company and its subsidiaries, for the six months ended December 31, 2014, Esprit expects to record a net profit between 40 million Hong Kong dollars to 50 million Hong Kong dollars (5 to 6.4 million dollars) […]

Women's premium plus size fashion brand Navabi has secured 25 million euros worth of funding in a fundraising effort led by Bauer Venture Partners and which included Navabi’s previous investors Index Ventures, Seventure Partners, DuMont Venture and Klaus Wecken. As explained by both the company and […]

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