Private equity firm Brait said on Friday that it had completed its acquisition of 90 percent of UK fashion retailer New Look for 780 million pounds. The founders and management of the British retailer had purchased the remainder. South African billionaire Christo Wiese’s Brait said in a statement that […]

Two US professors put the blame on retailers for cut-throat prices and stiff competition among garment manufacturers, showing how drastically apparel prices have fallen in the US in the last few years and how retailers are taking the major share of the profit. “The retailers can squeeze the prices as […]

Danish womenswear brand Masai has been acquired by private equity group Silverfleet Capital for an undisclosed amount. The acquisition marks the first investment Silverfleet has made from its new 850 million euro Silverfleet Capital II, which closed last month. Masai is headquartered in Copenhagen and […]

REPORT Group sales for the 13 weeks to May 30, 2015 at Tesco, declined by 0.5 percent at constant rates and 1 percent at actual rates, excluding fuel. Like-for-like sales performance for the combined UK and ROI business was 1.5 percent, an improvement on the previous quarter. UK like-for-like sales […]

REPORT Pentland Group results for the year ended December 31, 2014 reflected the continued international development of Pentland’s portfolio of brands in sports, outdoor and fashion, and another strong performance from the core fascias of JD Sports Fashion, in which Pentland Group is the majority shareholder. […]

ANALYSISEver strong dollar is making things expensive for H&M, as the Swedish retailer warned earlier this week it expects the strong American currency to translate into rising sourcing costs throughout the year after it hurt second-quarter profits. The world's second-biggest fashion retailer, said […]

REPORT For its fourth quarter ended May 31, 2015, Nike reported diluted earnings per share increased 26 percent and fiscal 2015 diluted earnings per share rose 25 percent to 3.70 dollars, reflecting 10 percent revenue growth. Group revenues rose 5 percent to 7.8 billion dollars, up 13 percent on a currency-neutral […]

Womenswear retailer East, has been saved in pre-pack administration deal. The clothing retailer has been bought by East Lifestyle Limited via a pre-pack administration deal, saving 550 jobs across 82 stores. On the downside, the chain will shut down 19 stores across the UK and consequently axing 155 […]

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 […]

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