L Brands, Inc., has announced that following its previously disclosed comprehensive review process, it has signed a definitive agreement to transfer ownership and operating control of La Senza – inclusive of the home office organization, North American stores and e-commerce and international partnerships […]

Third quarter revenues at Cherokee Global Brands decreased 25 percent to 5.8 million dollars in the third quarter, as the company said, it continues to transition from its DTR licenses to new wholesale licensing partners in the United States, which was partially offset by revenues from the company’s […]

The German textile industry is awash with bad news: well-known manufacturers like Gerry Weber, Tom Tailor and Esprit seem to fail to attract enough customers. And that's not just because of the record breakingly hot summer of 2018. A famous name is no longer enough in the fashion world to guarantee […]

The European textile industry has until December 2020 to comply to a new EU regulation restricting the use of 33 chemicals which are classified as carcinogenic, mutagenic or toxic for reproduction, including benzene, formaldehyde and heavy metals. These substances are either used to confer certain properties […]

Taking a cautious approach to its forecast and assuming that sales will not show any significant improvement before the end of March 2019, Bonmarché now estimates that underlying PBT will be in the range of breakeven to a loss of 4 million pounds for the current financial year. The company said, mid-point […]

Under Armour has initiated a new five-year plan around two strategic priorities: protect and perform. Reviewing the company's expected performance against its long-term growth strategy, Under Armour expects gross margin to increase approximately 275 to 300 basis points reaching at least 48 percent in […]

Luxury platform Farfetch has reached an agreement to acquire sneaker and streetwear marketplace Stadium Goods, for 250 million US dollars. Farfetch is set to pay this amount in cash and Farfetch shares, with the exact amounts to be determined as the transaction is completed. “We are thrilled to welcome […]

Samsung is receiving Backlash following the announcement of a collaboration with Supreme during a conference in China. It turns out that the South Korean tech giant is not working with the cult streetwear label from New York but rather with an Italian company that uses a loophole in local law to sell […]

Net revenues at Vera Bradley totalled 97.7 million dollars for the current year third quarter ended November 3, 2018 compared to 114.1 million dollars in the prior year third quarter. The company said, revenues were at the low end of the company’s guidance range of 98 million dollars to 103 million […]

Indonesia's top e-commerce site Tokopedia said Wednesday it has raised 1.1 billion USD in funding from investors including Japanese tech giant SoftBank and Chinese online store Alibaba. The latest financing round for Tokopedia, which lets users to set up online shops and handles transactions, underscores […]

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