Private equity firm Sycamore Partners is reportedly in talks to buy apparel retailer Chico's FAS Inc. According to sources close to the matter quoted by Reuters, the private equity firm would be trying to secure debt financing for a deal that could reach 3 billion dollars. Same sources, who have chosen […]

High street fashion chain New Look is upbeat for 2015, despite having suffered a sales drop in Q3 with the unseasonably warm weather. The company, which saw revenue fall 1.6 percent in the quarter, had a strong Christmas, with sales up 4.1 percent. In numbers, operating profit was up 1.8 percent to […]

Fashion group BCBG Max Azria has received a 135 million dollar cash infusion from investors as it looks to strengthening its capital structure by restructure its debt and strengthening its balance sheet, to reposition the company for “positioned future growth”. In a short statement, company-founder […]

REPORT After announcing two new executive appointments, Aeropostale revealed preliminary and unaudited financial results for the fourth quarter of fiscal 2014. For the fourth quarter of fiscal 2014, net sales decreased 11 percent to 594.5 million dollars, from 670 million dollars in the year ago period. […]

REPORT Gap reported that net sales for the four-week period ended January 31, 2015 were 888 million dollars compared with net sales of 899 million dollars for the four-week period ended February 1, 2014. For the fourth quarter of fiscal year 2014, Gap’s net sales increased 3 percent to 4.71 billion […]

Permira Holdings Ltd. has cut its stake in Hugo Boss AG below 14 percent, boosting the clothier’s free float in a move that may make it more attractive to institutional investors, reports Bloomberg. Still the largest stakeholder at the German upscale fashion brand, Permira, said on Monday it would sell […]

REPORT Urban Outfitters having brands like Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters under its portfolio announced record net sales for the quarter and year ended January 31, 2015. Total company net sales for the fourth quarter of fiscal 2015 increased to 1.01 billion dollars or […]

After Cameroon, Benin, Burkina Faso, Ivory Coast, Ghana, Malawi, Mozambique and Zambia, Uganda is the ninth country to support sustainable cotton farming through Cotton made in Africa (CmiA), an initiative by the Aid by Trade Foundation (AbTF). Around Ugandan 5,400 smallholder farmers, verified by the […]

Contract negotiations between West Coast dockworkers and port terminal operators are being followed quite closely by retailers of all sorts, as months of dealing, delays and other issues might cost retailers up to seven billion dollars. According to a Kurt Salmon analysis, congestion at West Coast ports […]

Indonesian fashion e-commerce retailer and brand partner start up Vela Asia announced the closure of series A funding, worth 1.5 million dollars. The fundraising has been led by Singapore-based Majuven, an early stage and growth stage VC fund. As reported by ‘Deal Street Asia’, the funds will go towards […]

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