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Gerry Weber brand rights acquired by Spanish Victrix Group

German fashion brand Gerry Weber has found a new home. The international brand rights have been taken over by the Spanish Victrix Group, owner of the Punt Roma brand, the groups confirmed upon FashionUnited's inquiries. The news was already confirmed in a press release about the relaunch of Gerry Weber's Dutch stores. “In addition to the brand...

30 May 2025

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Frasers Group takes control of XXL ASA amid liquidity and supply chain challenges

British fashion giant Frasers Group has taken over XXL ASA after its largest shareholder divested its shares. The news comes on the back of the Norwegian sporting goods retailer announcing that it is in need of short-term liquidity “in order not to breach its financial covenants”. Frasers, which had been pursuing a takeover of XXL since 2024,...

30 May 2025

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Gap posts strong Q1, maintains optimistic outlook despite tariff uncertainty

Apparel retailer Gap Inc., parent to Old Navy, Gap, Banana Republic, and Athleta, announced net sales of 3.5 billion dollars, a 2 percent increase for its first quarter ended May 3, 2025. Comparable sales also rose by 2 percent year-over-year. Online sales increased 6 percent and represented 39 percent of total net sales, while store sales...

30 May 2025

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Despite record sales in first quarter, Abercrombie & Fitch lowers profit forecast

The US clothing company Abercrombie & Fitch Co. was able to significantly increase its sales in the first quarter of the 2025/26 financial year, but had to accept a drop in profits. Although the current figures, which the company presented on Wednesday, exceeded expectations, the management lowered its earnings forecasts for the year as a whole....

28 May 2025

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