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Business

Kontoor Brands revenues drop by 9 percent, expects recovery in Q4

For the third quarter, Kontoor Brands, Inc., having Wrangler and Lee under its portfolio, reported revenue decrease of 9 percent to 583 million dollars, on a reported and constant currency basis. The company said in a statement that revenue declines during the quarter were primarily driven by Covid-19 impacts, offset in part by increases in...

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Fashion

Rock & Republic files for Chapter 11

Premium denim company Rock & Republic has filed for Chapter 11 bankruptcy protection in the USA. The Los Angeles based fashion brand, whose products are sold in upscale department stores such as Bloomingdale's, Neiman Marcus and Nordstrom as well as specialty retailers and its own free-standing stores, said the filing would ease pressure on its...

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