French investment fund LBO has got the green lights to move on with the acquisition of fashion brand IKKS. The European Court of Competence approved the transaction on June 17. The European Commission said on June 17 that it had given the green light to the acquisition of ready-to-wear fashion group […]

According to World Bank estimates, Nigeria's textile and garment industry loses billions of US dollars in garments and textiles each year because of cheap imports that are smuggled into the country. Local production has dropped to a mere 40 million US dollars annually. The cheap imports, particularly […]

Debenhams, in its trading update for the 15 weeks and the 41 weeks to June 13, 2015, said that in the 15 week period, group gross transaction value rose by 0.4 percent, taking the cumulative year-on-year performance to growth of 1.7 percent. Online sales delivered continuing positive momentum during […]

REPORT For the first half-year period from December 1, 2014 to May 31, 2015, well-received collections for all brands in the H&M group resulted in good sales and increased market share. The H&M group’s sales excluding VAT increased by 23 percent to 86,143 million Swedish Krona (10,462 million dollars) […]

New York - Yesterday, the announcement that Castanea Partners purchased a minority stake in Proenza Schouler swept the entire fashion industry. On the heels of that announcement comes the potential business plan for the increasingly prominent women's luxury wear brand. Ron Frasch, the former chief merchant […]

Sourcing giant Li & Fung has formed a joint venture with two of China’s largest retail groups Bailian Group and Wangfujing Department Store Group as it looks to transform China’s retail industry through “enhancing supply chain efficiency”. The strategic partnership, created in Shanghai’s free trade […]

German women's fashion retailer CBR, whose brands include Street One and Cecil, has set the price range for its initial public offering (IPO) at between 14 euros and 18 euros, the company said on Monday. CBR plans to use some of the proceeds to reduce its borrowings and for investment in its e-commerce […]

New York - Proenza Schouler has managed to make quite the name for themselves with CFDA awards under their belt, and a list of celebrity clientele like Kim Kardashian and Beyonce.The label founded by Jack McCollough and Lazaro Hernandez has become one of the most highly coveted luxury brands in America. […]

London - New York-based luxury fashion brand Proenza Schouler has confirmed that it has sold a minority stake to Boston-based private equity firm Castanea Partners for an undisclosed sum. The deal, which has been rumoured for some time, will see the private equity firm join existing investors who purchased […]

British department store group Marks & Spencer has reduced its calculation for its online sales over the past four years, as the former results had not taken into account 500 million pounds worth of goods which had been returned in store. New figures released by the group show that M&S sold 649 million […]

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