Nine West Holdings has emerged from Chapter 11 bankruptcy under the majority equity ownership of CVC Credit Partners and Brigade Capital, and has been renamed Premier Brands Group Holdings LLC. The US footwear and apparel company, which filed for bankruptcy in April 2018, said in a press release on […]

For the year ended 31 December 2018, Li & Fung Limited said, on a like-for-like basis and excluding the impact of the strategic divestment of the three product verticals in April 2018, which triggered a one-off disposal loss of 114 million dollars, core operating profit decreased by 20 percent to 285 […]

Swiss retail group Maus Frères is in exclusive talks to acquire French label The Kooples, according to multiple sources including WWD and FashionNetwork. The group, which owns Lacoste, Gant and Aigle, is expected to add the brand to its portfolio by the end of the first half of 2019. In the last financial […]

Ted Baker Group revenue increased by 4.4 percent or 5 percent in constant currency to 617.4 million pounds (814.6 million dollars), which the company said, were driven by a 4.2 percent or 4.8 percent in constant currency increase in retail sales to 461 million pounds (608 million dollars)) and a 4.8 […]

The Hermès Group’s consolidated revenue for 2018 amounted to 5,966 million euros (6,814 million dollars), up 10.4 percent at constant exchange and 7.5 percent at current exchange rates, while the company said, recurring operating income increased 6 percent to 2,045 million euros (2,335 million dollars) […]

For its fourth quarter, Guess, Inc. recorded total net revenue increase of 5.7 percent to 837.1 million dollars, while in constant currency, the company said, net revenue increased by 9.5 percent. Fourth quarter GAAP net earnings of 23.2 million dollars, a 2,134 percent increase compared to 1 million […]

Global investment firm Eurazeo no longer holds any Moncler shares. The company has sold its remaining shares of Moncler S.p.A, which represented approximately 4.8 percent of the company’s share capital and voting rights, for a total of 445 million euros. Eurazeo acquired a 45 percent stake in Moncler […]

1.49 billion euros: that’s how much the European Commission has fined Google for breaching EU antitrust rules one more time. According to the Commission, Google forced its AdSense clients to sign contracts prohibiting them from accepting advertising from rival search engines. Commenting on the fine, […]

Austrian fiber firm Lenzing and Belgian chemical group Solvay have partnered up to launch a new sustainable fabric combining Tencel’s lyocell fibers and Amni Soul Eco, a biodegradable polyamide. The two companies said in a joint statement that the new fabric is designed to “further optimize the benefits […]

A new wave of companies looking to make fashion more sustainable has joined Fashion for Good’s Plug and Play Accelerator program, which provides them with a twelve-week curriculum including mentorship and business development opportunities from Fashion for Good’s corporate partners C&A, Adidas, Bestseller, […]

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