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American Exchange Group acquires Allbirds for 39 million dollars

US footwear brand Allbirds has announced a definitive agreement to sell its intellectual property and specific assets and liabilities to American Exchange Group. The New York-based firm, which specializes in accessories design and manufacturing, will acquire the brand for an estimated 39 million dollars. The transaction was negotiated by a...

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Perfect Moment secures 12 million dollars in growth financing

UK-based luxury lifestyle brand Perfect Moment has announced it has secured 12 million dollars in growth financing to strengthen its liquidity and support its strategic expansion. The capital injection follows the recently reported first profitable quarter for the brand and is intended to accelerate progress toward sustainable profitability. The...

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How a brand like Chanel uses IP to establish and influence an audience

Chanel is a maison synonymous with luxury and recognised globally, defined by timeless black and white chic and its 'ultimate luxury' identity. Founded in Paris in 1910 by fashion pioneer Gabrielle ‘Coco’ Chanel, today it remains a powerhouse brand, now headquartered in London. Many of the elements introduced under Coco have endured, firmly...

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Italian luxury brands stage citywide retail takeover in Manhattan

From April 9 to 11, Manhattan’s luxury corridors will double as a distributed exhibition space. Under the banner “Icons of Italy,” 43 flagship boutiques representing 56 Italian brands spanning fashion, design, jewellery, automotive, yachting, food and wine will host installations and cultural activations aimed at reframing retail as a vehicle...

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Dick’s Sporting Goods initiates layoffs at Foot Locker

Nearly a year on from its acquisition of Foot Locker, parent company Dick’s Sporting Goods has begun a series of layoffs within the operations of the sportswear retailer. The news was confirmed to Footwear News by unnamed sources. FashionUnited has contacted Dick’s with a request to comment. Some employees were reportedly asked to ‘return to...

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Debenhams raises guidance following adjusted EBITDA growth

Manchester-based Debenhams Group, the online platform operated by Boohoo Group plc, has announced it delivered 53 million pounds (70.16 million dollars) in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the financial year ending February 28, 2026. This figure represents a 36 percent increase compared to the...

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Jott administration: three candidates vie for ready-to-wear company

Marseille (France) - The Marseille commercial court on Friday reviewed bids from three candidates to take over the Marseille-based ready-to-wear company Jott, known for its colourful down jackets. These were selected from around 15 potential buyers who came forward in February. The court will announce its decision on April 13. The Jott brand...

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Business|Analysis

Puig: The group that dreamed of becoming LVMH, yet may disappear under Estée Lauder's shadow

Madrid – Everyone has a price. This stark premise lies at the core of the current negotiations for a “potential” merger between the US group The Estée Lauder Companies and Spain’s Puig. The deal, should it materialise at the right valuation, could effectively subsume Puig’s 112-year history. Founded in 1914 in Barcelona by Antonio Puig Castelló...

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Nextil raises 13.9 million euros in promissory notes following acquisition of Sindutex

Madrid – Spanish textile multinational Nextil has announced the successful completion of its latest debt placement through its promissory note programme on the Alternative Fixed-Income Market (MARF). This financing operation follows the acquisition of a majority stake in the Portuguese company Sindutex. This morning, Nextil Group announced the...

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Misto Holdings accelerates Korean fashion expansion in Greater China

Misto Holdings is strengthening its position as a strategic brand hub, driving the expansion of Korean fashion labels across the Greater China region. Leveraging its retail operations and brand development expertise, the company is scaling its multi-brand portfolio while enhancing integrated online and offline capabilities. The company has...

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Textile Exchange introduces first LCA study on cotton's environmental impact

Textile Exchange has released the first in a new series of Life Cycle Assessment (LCA) studies, aimed at improving the quality and consistency of environmental impact data across the fashion and textile industry. The initial report focuses on cotton, providing updated data across key producing countries and covering a range of systems including...

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EU to fine e-commerce platforms importing harmful items

EU states and lawmakers struck a deal Thursday to give the bloc the power to slap fines on online platforms importing unsafe items into the European Union. The measure is part of wide-scale reforms to the EU's customs rules, including an EU-wide handling fee on products bought outside the 27-nation bloc, as Brussels steps up its efforts to stem...