Escada sold almost all of its mid-price fashion business Primera to a financial investor, the group said on Tuesday 26 May, in a bid to salvage its finances after warning it could go bust within weeks.
It is Vandale Industries that will develop and produce the lines of homewear and lingerie for Izod. The Phillips-Van Heusen (PVH) group has come to entrust the golfwear brand’s licence to the New York business.
Woodstock celebrates its fortieth anniversary this year. To celebrate this historic event, emblematic of the counter-culture, Universal Music is making a foray into the fashion world by launching a line of t-shirts in the festival’s colours.
One of the season's most high-profile proxy battles will culminate in an unfinished Target Corp store in Wisconsin next week as the retailer's shareholders decide whether to elect a slate of directors proposed by activist investor William Ackman.
Italian fashion house Versace on Monday 25 May denied news reports there was friction between design head Donatella Versace and Chief Executive Giancarlo Di Risio. Newspapers have speculated about Di Risio possibly leaving the company.
“My Adidas”, so went the lyrics by Run DMC in 1986. “Homeboy, got 50 pair", proclaimed the emblematic rap group. More than a panegyric, it was a merchandising feat which allowed Adidas to become a symbol of hip-hop culture