Authentic Brands Group (ABG), the owner of brands including Juicy Couture, Nautica, Frye, and more, announced on July 29 that it has joined in a long-term master licensing agreement with London-based fashion designer and manufacturer The Batra Group. In addition to the partnership, ABG announced that […]

Blackstone has infused capital in Future Lifestyle Fashions. The primary investment will be through a combination of equity and structured debt that will fund the capital expansion of the deep-discount retail format Brand Factory. The structured credit line will be for five years with a fixed coupon […]

Luxury handbag maker Mulberry has taken full ownership of its Korean business, having a bought a 40 percent stake in Mulberry Korea from its local partner, SHK. Mulberry now owns 100 percent of the company, in which it has made an additional investment of 1.3 million pounds. In August 2018 Mulberry […]

H&M Hennes & Mauritz issued a recall for children's pajamas as they could pose burn injury risk. According to the U.S. Consumer Product Safety Commission, the Sweden-based fashion retailer is recalling about 9,000 units of children's pajama sets for not meeting the federal flammability standard for […]

ANALYSIS The thing about bubbles is, they inevitably burst. Some last a long time, like the dot-com bubble from 1994 to 2000, which saw internet-based companies peak, then crash, in March 2000, with even Amazon and eBay finding themselves in negative waters. But more often than not bubbles burst as […]

Consolidated revenue at Kering for the first half of 2019 amounted to 7,638.4 million euros (8509.7 million dollars), an increase of 18.8 percent as reported and 15.3 percent based on a comparable group structure and exchange rates. However, the luxury conglomerate’s star brand Gucci registered 19.8 […]

In 2017 when Giorgio Armani announced it would shutter its Armani Collezioni and Armani Jeans brands as part of a new distribution strategy, the company said it was prepared to see losses. Those losses have incremented to 10 percent year on year, as the Armani Group this week announced revenue fell […]

Sports apparel giant Nike is reportedly exploring the sale of its surfwear brand Hurley International. A sale of Hurley is one of the options that Nike is considering for the Costa Mesa, California-born brand, Reuters reported, citing people familiar with the matter. Nike did not disclose the amount […]

For the second quarter, Columbia Sportswear Company said, net sales increased 9 percent or 11 percent constant-currency to 526.2 million dollars from the comparable period in 2018. The company’s net income increased 137 percent to 23 million dollars or 34 cents per diluted share, from 9.7 million dollars […]

Spanish fast fashion brand Zara has reported a 13.4 per cent drop in its net profit over the last financial year in India, reflecting increased competition and a drop in demand during the period. The loss came despite a 17.7 percent increase in sales over the year to Rs 1,438 crore (208 million dollars), […]

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