Articles by Rachel Douglass
AllSaints opens New York pop-up and first Chinese outlet amid retail expansion
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AllSaints is continuing on its global expansion strategy with a string of new international store openings, cementing its presence in various markets and celebrating its 30th anniversary. New York is among the cities being emphasised by the brand, and is currently home to a AllSaints pop-up space located at 500 Broadway. The 5,300 square foot...
Ann Summers carries out redundancies, Gold family steps in with funding
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Lingerie retailer Ann Summers has cut a number of its jobs amid rising losses at the firm, with the company’s owners, the Gold family, now also stepping in to provide financial aid. Earlier this week, it was reported by Retail Week that Ann Summers had made between 20 and 30 jobs redundant in an effort to streamline operations. While the number...
New Guards Group files for bankruptcy protection in Italy
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New Guards Group (NGG), the Farfetch-owned parent company of Palm Angels and Ambush, has filed for a form of bankruptcy protection in Italy as its pursuit for a buyer continues to trudge on. According to various media platforms, the Italian fashion group has applied for a ‘composizione negoziata per la soluzione della crisi dímpresa’ (or CNC), a...
Frasers-backed Four Marketing snaps up A-Cold-Wall
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Samuel Ross’ A-Cold-Wall has been sold to distribution agency Four Marketing just months after it was acquired by London-based fashion accelerator Tomorrow Ltd. In a press release seen and reported on by Vogue Business, Tomorrow Ltd CEO, Stefano Martinetto, said: “We’re thrilled to see the brand transition into such capable hands.” Martinetto...
Claire’s launches own beauty brand, C by Claire’s
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Accessories retailer Claire’s is doubling down on the beauty category with the launch of its own fragrance and body care line, dubbed C by Claire’s. The new brand builds on the reported success of its existing body care product collection, expanding the offering for its Gen Zalpha consumer base. This new collection features moisturisers, bath...
Hoff sells minority stake to fuel growth and expansion plans
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Spanish fashion brand Hoff has sold a minority stake in its business to Luxembourg-based private equity fund Rahco Capital to fuel its next phase of expansion and growth. Following the closing of the acquisition, Hoff founder Fran Marchena will continue to operate the brand, and maintains the position of majority and controlling shareholder,...
Ashish launches first D2C website ahead of further expansion plans
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London-based Ashish has unveiled its first-ever stand-alone brand website and direct-to-consumer channel. The launch comes on the back of the brand’s 20th anniversary year, after which it said it was the “the time to expand its online presence”. Such growth is expected to continue throughout 2025. The website, curated by the brand’s namesake...
Digital Brands Group Q3 revenues drop, but losses narrow
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For the third quarter ended September 30, 2024, Digital Brands Group (DBG) reported a net revenue of 2.4 million dollars, down from 3.3 million dollars in the year prior. The company cited the dropping of its largest wholesale account as the core driver of this decline, a move that was due to single-digit gross margins and additional expenses....
Landsec adjusted earnings up in half-year report
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Real estate firm Landsec has reported its financials for the half-year ended September 30, 2024, during which time it bounced back to a profit before tax of 243 million pounds, up from a loss of 193 million pounds in the year prior. The company cited a 0.9 percent uplift in portfolio value as a core driver, while Central London and major retail...
Jil Sander CEO reportedly stepping down
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Luca Lo Curzio is believed to be stepping down from his role as chief executive officer of Jil Sander. This is according to market sources cited by WWD. The media outlet did not disclose a reason for the alleged departure. If it is the case, it would bring to an end a short tenure at the luxury fashion house for Lo Curzio, who was only appointed...