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 […]

In a filling to the SEC, Express Inc. (EXPR) announced on Tuesday that discussions regarding Sycamore Partners' expressed interest in acquiring Express have been terminated. “In connection with such termination, Sycamore Partners has agreed to be bound until June 15, 2015, by certain restrictions relating […]

As announced by Argos on Wednesday, the retailer will be stocking in an exclusive range of Cherokee clothing, accessories and footwear for the autumn/winter 2015 season. Customers will be able to purchase the new lines in-store, through the Argos catalogue and online. “Part of our transformation strategy […]

John Lewis and Waitrose staff are set to share a 22 million pound extra bonus this year after a change in UK legislation following the outcome of an employment tribunal which will affect the way British businesses calculate holiday pay. The employment appeal tribunal in November 2014, which was unrelated […]

REPORT The Bon-Ton Stores has announced that its comparable store sales for the nine-week holiday period ended January 3, 2015 increased 5.3 percent. Total sales for the combined months of November and December were 796.4 million dollars, a 3.8 percent increase over sales of 767.4 million dollars in […]

The Information Commissioner's Office (ICO) has issued a warning to footwear retailer Office, following an hacker attack which exposed the personal data of over one million customers. The hacker accessed customers' personal contact details and website passwords through an unencrypted database that was […]

Geneva's luxury watch show where shop owners search out such brands as Cartier and Piaget opened Monday under a cloud as the franc surged after the Swiss central bank abandoned its bid to hold down its value. The fair in Geneva, attracting only professionals, aims to draw 14,000 visitors in just four […]

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