Articles by Sylvana Lijbaart
Restructuring plan of Signa Holding GmbH deflects into bankruptcy
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Signa Holding GmbH, long-time co-owner of the Selfridges Group, is turning its insolvency proceedings into bankruptcy, the company announced in a press release. The restructuring plan is thus withdrawn. What the bankruptcy means for Belgian department store Inno is not yet known. The focus of the restructuring plan was mainly on the value-based...
Esprit begins negotiating with potential investors
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Esprit Holdings Limited is reportedly in talks with an international private equity firm to secure new funding. The fashion company is struggling to maintain its European operations, resulting in the bankruptcy of its Swiss and Belgian subsidiaries. "The potential investor has expressed interest in submitting a non-legally binding memorandum of...
Belgian branch of Esprit files for bankruptcy
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The Belgian branch of fashion brand Esprit, Esprit Belgium Retail N.V. (BEBR), has joined its counterpart in filing for bankruptcy with an insolvency court in Belgium on 8 April, Esprit Holdings Limited announced in a press release. The news comes a few weeks after the fashion brand's Swiss arm collapsed. The bankruptcy will only affect the...
Levi's is cutting 42 jobs at its European headquarters
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Levi Strauss is cutting jobs at its European headquarters in Machelen, Belgium, its European management reportedly announced according to Belgian newspaper Nieuwsblad. The news comes after the US fashion brand revealed it was cutting 10 to 15 percent of its jobs worldwide earlier in January. The European headquarters will thus say goodbye to 42...
France's Marine Serre named next guest designer of Pitti Uomo
loading... - Fairs
Marine Serre, founder and creative director of her eponymous fashion brand, is the next guest designer of Italian menswear trade show Pitti Uomo 106, fair organisers announced in a press release. Serre will show her SS25 collection on 12 June 2024 at Pitti Uomo, which, as always, takes place in Florence. The exact location of her show will...
In Pictures: Dries van Noten’s signature explored
loading... - Fashion | In pictures
Antwerp-based designer Dries van Noten is stepping down as creative director at his own eponymous fashion house in June. As such, the fashion house, which was founded in 1986, has begun its search for a new creative head. In light of the news, FashionUnited takes a look into Van Noten’s design signatures as we wave farewell to the outgoing icon....
Decathlon's chief digital officer on making 'digitisation the new normal'
loading... - Business | Interview
Decathlon went back to the drawing board and put a new vision on paper. The French sports fashion retailer wants to develop further as a 'multi-specialist-company' under the motto 'Move People Through The Wonders of Sports'. Part of the new strategy is digitalisation. FashionUnited spoke to chief digital officer Jimena Almendares during a...
European Parliament reaches due diligence law agreement
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The European Parliament has reached an agreement on the 'Corporate Sustainability Due Diligence Directive' coming more than two weeks after the agreement first failed when several member states rebelled. As such, the directive took on a watered down form due to pressure from Germany, Italy and France. EU member states have agreed that only...
Decathlon's transition to a 'multi-specialist company': From logo to store concept
loading... - Business | Report
While other sportswear chains face various challenges and sometimes even flounder, Decathlon sees room for growth. The French sports fashion retailer, founded in 1976 by seven sports enthusiasts with the mission to make sport accessible to all, aims to transform from a B-brand into an A-brand. Therefore, Decathlon drafted a transition plan. The...
Chanel acquires French fashion group JY BH
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French luxury brand Chanel is acquiring fashion group JY BH, including all the French company's operations, four studios and employees, FashionNetwork reported. The acquisition will also bring French fashion designer Jean-Yves Bohère to Chanel. "This decision was made on the basis of coinciding interests: the JY BH Group relies on a solid...