Colorful clogs brand Crocs Inc. has entered into an agreement with Blackstone Capital Partners to repurchase 50 percent of its stake in the company. Blackstone invested 200 million US dollars in Crocs in 2014, which included the purchase of approximately 13. 8 million shares of the company’s common […]

After moving sharply higher early in the session, shares of Nike, Inc. (NKE) have given back some ground but remain firmly positive in afternoon trading on Monday. Nike is currently up by 4.1 percent after reaching its best intraday level in nearly two months. The early rally by Nike came after the […]

November 2018 same-store sales including online sales at Uniqlo Japan, a part of Fast Retailing Group, decreased by 4.3 percent year on year while total sales including online sales decreased by 4.4 percent. The company attributed the decline in same-store sales in November to persistently warm weather, […]

Crocs Inc. plans on buying back and converting some of the preferred shares held by Blackstone Group LP in the latest sign that a multi-year turnaround effort has been working in the company's favor. The company will pay 183.7 million dollars for half the preferred stock Blackstone acquired as part […]

British retailer The Baukjen Group, which owns contemporary womenswear brand Baukjen and premium maternity label Isabella Oliver, has launched a crowdfunding campaign to support the retailer’s expansion into America. The group is looking to raise 400,000 pounds by the end of December via a Crowdcube […]

Turkey's denim-centric lifestyle brand, Mavi, has reported that it is maintaining consistent growth in all areas, with a 32 percent increase in revenues year-to-date in 2018. The company said, consolidated revenues increased by 32 percent to 1.778 billion Turkish Lira and net profit increased by 20 […]

Hunter has announced that it exceeded 1 million pounds in sales in one day, the highest daily sales results in the brand’s history, on both Black Friday and Cyber Monday this year. On Black Friday sales were up 32 percent from 2017 global, while Cyber Monday saw sales increase further, up 33 percent, […]

At the beginning of the year, international brands were urged to join the new Transition Accord 2018, the successor of the Accord on Fire and Building Safety in Bangladesh, which has run out after its five-year duration in May of this year. The new Accord was to guarantee a smooth transition. However, […]

HBC has announced that the merger of retail operations of HBC Europe and Signa’s Karstadt Warenhaus GmbH and the formation of the companies’ real estate joint venture is now complete. Commenting on the development, Richard Baker, HBC's Governor and Executive Chairman, said in a statement: “This transaction […]

Being nimble, digital-first, quicker to market and customer-centric are some of the keys for fashion industry players to harness the opportunities that 2019 is expected to create. In a recent report titled ‘The State of Fashion’ international consultancy firm McKinsey and the Business of Fashion have […]

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