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Kiaasa Retail files for IPO to fund expansion

Ethnic fashion retailer Kiaasa Retail has filed its preliminary papers with BSE's SME platform to raise capital through an Initial Public Offering (IPO), PTI reports. The IPO will consist entirely of a fresh issue of up to 55 lakh equity shares, as announced by the Ghaziabad-based company in a recent statement. The proceeds generated from this...

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Shein slapped with high fines in California, France

Chinese ultra-fast fashion giant Shein needs to have deep pockets these days, given that the global e-commerce company is being slapped with fines in two countries at the moment. Shein just settled a consumer protection lawsuit in the United States, in California’s Napa, Los Angeles, San Francisco and Sonoma counties, and agreed to pay 700,000...

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Four youths arrested for cyberattacks on British retailers

The UK's National Crime Agency (NCA) has arrested four suspects in connection with cyberattacks on well-known British retailers Marks & Spencer (M&S), Co-op and Harrods. The attacks took place in April of this year and caused significant financial disruption to the businesses. The four suspects remain in custody and are being questioned by the...

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Mulberry secures 20 million pound fundraising as full year sales take hit

Mulberry has confirmed a 20 million pound fundraising and Retail Offer as sales for the British accessory brand continued to slip in fiscal year 2025. The company conducted the fundraising by way of subscriptions for 20 million new convertible loan notes of one pound each, backed by its two major shareholders, Chalice Limited and Frasers Group....

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Levi Strauss reports strong Q2, boosts annual forecast

Levi Strauss & Co. announced strong financial results for its second quarter ended June 1, 2025, demonstrating significant growth across key metrics and prompting the company to raise its full-year net revenue and earnings per share (EPS) outlook, even with the impact of tariffs. The company reported a 6 percent increase in net revenues to 1.4...

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Brunello Cucinelli: Revenue up 10.2 percent in first half

Brunello Cucinelli Spa has reviewed the preliminary revenue figures for the first six months of the year. Revenues totalled 684 million euros. This represents a 10.2 percent increase at current exchange rates (10.7 percent at constant exchange rates) compared to the first half of 2024. Across geographical areas, the Americas saw an 8.7 percent...

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Is Canada Goose up for sale?

Bain Capital is reportedly considering selling part or all of its controlling stake in luxury apparel brand Canada Goose Holdings Inc. (Canada Goose). Bloomberg reports that the investment firm is working with advisors and gauging interest from potential buyers, according to sources close to the matter. Bain Capital acquired a majority stake in...

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Perfect Moment named in lawsuit, investor accused of sexual assault

Perfect Moment has been named as one of a number of defendants in a new lawsuit filed by the French skiwear brand’s former public relations consultant, Amanda Archer. While the brand itself has been accused of breaching contractual agreements in the 65-page filing, Archer has also brought allegations of sexual assault, battery and harassment...

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Ellesse is returning to the US market with a new licensing partner

Italian sportswear brand Ellesse, owned by British sports, outdoor and lifestyle group Pentland Brands, is returning to the US with a new licensing agreement, with a focus on the brand’s tennis and ski collections. Pentland Brands has signed a long-term licensing partnership with The Iconic Brand Corporation (TIBC), a new company spearheaded by...

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Club L London launches localised German website

Club L London is continuing on its path of expansion with the launch of its first dedicated German-language website. The decision to open the localised platform comes amid increased demand for the British brand within the country itself and throughout the DACH region. The company said it has experienced a period of “exceptional international...

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Allbirds signs new distribution deals across Eurasia

US footwear brand Allbirds has announced three new distribution deals for multiple countries throughout Eurasia, covering the Balkans, Israel, Turkey and Central Asia, to advance its strategy to build long-term scalable growth in overseas markets. The distribution partnership includes Tradist Distribution in Turkiye and Central Asia, effective...

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Asics Corporation to open dedicated production base for Onitsuka Tiger

Japanese sportswear group Asics Corporation has confirmed that its domestic shoe manufacturing facility in Japan, through its wholly owned subsidiary, Sanin Asics Industry Corporation, will be renamed the Onitsuka Innovative Factory Corporation, from January 1, 2026. Asics stated in a press release that the facility would be transformed into a “...