The South Korean group has acquired the Italian sportswear brand for $65 million from US investment funds Twin Lakes Capital and B. Riley Principal Investments.
JD Sports has drawn up plans to build a new head office in Greater Manchester with space for 2,000 employees. Land in Pilsworth, Bury, has been earmarked for the scheme, next to its current headquarters
The sale process for upscale British heritage brand Gieves & Hawkes has begun following the earlier liquidation of its Hong Kong parent company, Trinity Group. FTI Consulting is running the process.
Designer Brands on Tuesday announced an investment in and licensing agreement with Le Tigre 360 Global, operator of Le Tigre, as the footwear firm looks to build its portfolio and double sales of 'owned brands' by 2026.
Victoria’s Secret & Co. announced on Tuesday a new corporate leadership structure that will unite the company’s three lines of business — Victoria’s Secret, Pink, and Beauty — as a single, collaborative organization.
The abrupt exit of Gap Inc's chief executive on the back of falling sales and shrinking margins will likely push the struggling apparel retailer to sell one or more of its brands, analysts said.
Italian luxury group Brunello Cucinelli said on Tuesday it had raised again its revenue guidance for 2022 after posting a 46.4% sales jump in the second quarter of the year.
Cosmetics group L’Occitane, owner among others of L’Occitane en Provence, Melvita and Sol de Janeiro, recorded a 15.8% sales growth to reach €1.78 billion in the last fiscal year.
Creightons, one of the hygiene product winners during Covid-19, is having to adjust to post-pandemic normality. And the personal care, beauty, and fragrance products producer said its transition has been successful.
Fast-growing womenswear business Sosandar reported its full-year results and a Q1 update on Tuesday, and it was yet another story of rapid expansion for the business.
Matchesfashion on Tuesday morning confirmed that ex-ASOS chief Nick Beighton will indeed be its new CEO, taking over from Paolo De Cesare “after a short transition period”.
Lanvin Group has released its 2021 results and said it saw 52% pro forma revenue growth year on year. It talked of “strong momentum" ahead of its proposed NYSE listing and said it's still seeking brands to acquire.
BNPL giant Klarna is expected to announce soon that The Canada Pension Plan Investment Board (CPPIB) is to become a shareholder. It’s to unveil a new $800m fundraising, a media report claims.
Joules has confirmed it's called in KPMG to help it boost its cash position. In a stock exchange statement it said it “continues to focus on improving profitability, cash generation and liquidity headroom”.
Swedish hygiene products group Essity said on Friday it had agreed to buy 80% of Canadian company Knix Wear, a maker of leakproof apparel for periods and incontinence, for around 3.3 billion Swedish crowns.
