Shares of Chico's FAS (NYSE:CHS) retreated Wednesday on reports that Sycamore Partners has abandoned its takeover attempt of the women's clothing retailer, reported ‘Investors Business Daily’. The New York-based private equity firm reportedly failed to line up financing for the deal on acceptable terms. […]

Private equity firm Sycamore Partners has abandoned its attempt to buy apparel retailer Chico's FAS Inc (CHS.N) after failing to secure financing on acceptable terms, the ‘Wall Street Journal’ reported quoting a person familiar with the matter. Sycamore was trying to raise debt financing for the deal […]

According to the USC appointed administrators, the struggling retailer owes its creditors 15.2 million pounds. In late 2014, Sports Direct put the brand into administration just to buy it back immediately. USC appointed Duff & Phelps and Gallagher Partnership as joint administrators on January, 13 before […]

ANALYSIS Although Primark is all set to deliver another string of strong figures, the fashion retailer’s contribution to parent company Associated British Foods will be faded yet again by declining sugar business. As advanced by the British group earlier this week, their affordable fashion business […]

Dillard's Inc. (DDS) reported lower-than-anticipated fourth-quarter fiscal 2014 results, “wherein adjusted earnings of 3.15 dollars per share fell short of the Zacks Consensus Estimate of 3.20 dollars. However, adjusted earnings marked a year-over-year improvement of nearly 16.2 percent,” wrote Zacks […]

REPORT Consolidated turnover at Van de Velde rose by 8.7 percent in 2014 from 182.4 million euros (206.6 million dollars) to 198.4 million euros (224.7 million dollars). On a like-for-like basis consolidated turnover was up 7.2 percent. This turnover growth was driven by 9.6 percent growth in wholesale […]

Italian-made accessories label Aevha London has secured 150,000 pounds in investment through crowdfunding platform Crowdcube to support its expansion and to “cement” its position as a leading luxury handbag brand. Founded by designer Alice Horlick in September 2013, the brand received the funds from […]

REPORT Primark, part of the Associated British Foods in its update prior to entering the close period for its interim results to February 28, 2015, to be announced on April 21, 2015 said that its sales are expected to be 16 percent ahead of last year at constant currency driven by an 11 percent increase […]

ANALYSIS Chinese economy’s slowdown, together with a decreasing spend by wealthy Asian have being the main cause for Prada’s 1 percent drop in annual profits according to the luxury label. Italian fashion firm Prada SpA said Sunday its sales fell slightly in 2014 compared with the previous year, marking […]

Warren Buffett’s investment vehicle, Berkshire Hathaway Inc., said on Friday it had agreed to buy German motorcycle apparel and accessories retailer Detlev Louis Motorrad-Vertriebs GmbH for a little more than 400 million euros. Ute Louis, the widow of company’s founder Detlev Louis, had approached Berkshire […]

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