Most Read
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Lids reportedly set to exit the UK
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Destination XL gets takeover bid from Fund 1 Investments
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Saks Global completes the acquisition of Neiman Marcus
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Will luxury's musical chairs continue in 2025?
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Former French minister appointed to advise Shein committee
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L’Oréal snaps up Korean skincare brand, Dr.G
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Just In
Happy Holidays from FashionUnited!
FashionUnited wishes you and yours a very Merry Christmas and happy holidays!
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Perfect Corp. acquires virtual try-on expert Wannaby
Beauty and fashion tech solutions provider Perfect Corp. has entered into an agreement with Farfetch, to acquire Wannaby, a digital immersive experiences expert. This acquisition, Perfect Corp. said in a release, represents a significant milestone in integrating advanced technology, enabling the company to expand its offerings into new luxury...
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ESMOD Paris to celebrate the art of drag in its upcoming exhibition
This coming February, fashion school ESMOD Paris will present an exhibition entirely dedicated to the world of drag. Miss Boo, Kitty Space, and Drapeau Blanc, all former students of the school, will explore the art of drag through the lens of fashion. From February 7 to February 27 2025, ESMOD will open the doors to its exhibition entitled ‘The...
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Retail braces for a rocky start to 2025
The British Retail Consortium’s latest BRC-Opinium Consumer Confidence Tracker paints a stark picture for the retail sector heading into 2025. While consumer sentiment around personal financial situations held steady at -3 in December, broader economic pessimism deepened significantly, with expectations about the state of the economy plunging to...
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Will luxury's musical chairs continue in 2025?
The luxury industry is in flux, grappling with shifting consumer preferences, economic pressures, and a pronounced slowdown in growth. For many houses, 2024 is not ending on a high note. Sales growth, once propelled by logo-laden accessories and high-visibility branding, is losing momentum as younger, more discerning shoppers increasingly favour...
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Saks Global completes the acquisition of Neiman Marcus
Saks Global, a luxury retail and real estate company, has finalized its acquisition of Neiman Marcus Group (NMG) for a total enterprise value of 2.7 billion dollars. Saks Global portfolio now includes Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Saks OFF 5TH, each continuing to serve customers under their own brand. Commenting on the...
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Destination XL gets takeover bid from Fund 1 Investments
Destination XL Group confirms receipt of a non-binding proposal from Fund 1 Investments to acquire all of the outstanding shares of the company. The company said in a release that its board of directors regularly reviews opportunities to create and enhance shareholder value and will carefully review and evaluate this proposal and other strategic...
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Philipp Plein, Jean Paul Gaultier and Aaron Esh: 2024 in interviews
From CEOs to big name designers, FashionUnited’s interview archive has been inundated with influential names this year, each giving insight into the inner workings of the fashion industry. Here are some of the top interviews of the year… January Designer Philipp Plein on Plein Sport and luxury sportswear Fashion designer Philipp Plein is known...
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Compression socks with a doping effect: Founder and CEO of Stox talk about the road to success
Compression socks, whether used in sports, leisure or for medical purposes, aren't exactly considered a sexy accessory. Caspar Disselhoff agreed. So, almost 10 years ago, he founded Stox Energy Socks - the company making compression socks with medical technology fashionable. Stox was born in 2015, and already started out with a medical...
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Nordstrom to go private, namesake family receives board approval to acquire retailer
A deal that could see US department store giant Nordstrom go private has been approved by the board of directors, potentially allowing for the company’s namesake family to acquire all outstanding shares of the firm. The Nordstrom family, consisting of Erik, Pete, Jamie and other members, will come together with Mexican real estate company El...
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Lids reportedly set to exit the UK
US sportswear retailer Lids is believed to be on the verge of exiting the UK market just three years after opening its first stores there. It has been reported by Drapers that the company is currently in negotiations with landlords to end its leases, with all UK stores from the brand expected to close upon agreements. Lids debuted in the UK in...
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Luxury Western goods line Russian stores, three years into sanctions
Despite a barrage of Western sanctions and swathes of brands quitting Russia after the Kremlin launched its Ukraine offensive, Moscow's most well-off shoppers are still spoilt for choice when it comes to luxury Western goods. In the Russian capital's exclusive shopping quarters, department stores and high-end Russian outlets are doing a roaring...
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